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U.K. (FTSE) Energy Sector Analysis

UpdatedJan 18, 2026
DataAggregated Company Financials
Companies70
  • 7D4.5%
  • 3M5.0%
  • 1Y3.4%
  • YTD1.5%

The Energy industry is up 4.5% in the last week, with Shell up 4.3%. Meanwhile, Savannah Energy actually underperformed within the industry, shrinking 9.3% in the last week. This takes the industry's 12 month performance to a gain of 3.4%. Looking forward, earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

Has the U.K. Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 18 Jan 2026UK£241.5bUK£360.3bUK£10.4b9.6x23.1x0.7x
Tue, 16 Dec 2025UK£237.0bUK£360.3bUK£10.4b9.5x22.7x0.7x
Thu, 13 Nov 2025UK£257.0bUK£368.0bUK£10.5b10.4x24.5x0.7x
Sat, 11 Oct 2025UK£236.8bUK£359.4bUK£10.1b13.2x23.4x0.7x
Mon, 08 Sep 2025UK£233.5bUK£358.5bUK£11.1b11.3x21x0.7x
Wed, 06 Aug 2025UK£237.8bUK£360.9bUK£11.5b11.1x20.7x0.7x
Fri, 04 Jul 2025UK£229.4bUK£359.7bUK£8.3b9.7x27.7x0.6x
Sun, 01 Jun 2025UK£216.5bUK£364.3bUK£8.3b9.3x25.9x0.6x
Tue, 29 Apr 2025UK£218.5bUK£368.4bUK£11.6b8.7x18.8x0.6x
Thu, 27 Mar 2025UK£257.3bUK£384.4bUK£12.0b8.7x21.4x0.7x
Sat, 22 Feb 2025UK£246.9bUK£389.4bUK£12.8b8.7x19.3x0.6x
Mon, 20 Jan 2025UK£254.0bUK£420.3bUK£14.8b8.1x17.1x0.6x
Wed, 18 Dec 2024UK£223.8bUK£402.3bUK£14.2b8.3x15.8x0.6x
Fri, 15 Nov 2024UK£231.4bUK£404.7bUK£14.7b7.7x15.8x0.6x
Sun, 13 Oct 2024UK£236.7bUK£400.7bUK£19.9b8.5x11.9x0.6x
Tue, 10 Sep 2024UK£240.2bUK£400.4bUK£19.8b9.7x12.1x0.6x
Thu, 08 Aug 2024UK£258.7bUK£413.1bUK£21.5b11.7x12x0.6x
Sat, 06 Jul 2024UK£273.5bUK£409.8bUK£21.8b10.1x12.5x0.7x
Mon, 03 Jun 2024UK£273.5bUK£412.1bUK£22.0b11.8x12.4x0.7x
Wed, 01 May 2024UK£282.1bUK£438.0bUK£28.5b8.7x9.9x0.6x
Fri, 29 Mar 2024UK£263.6bUK£434.1bUK£28.3b7.8x9.3x0.6x
Sun, 25 Feb 2024UK£251.1bUK£433.8bUK£26.2b6.5x9.6x0.6x
Tue, 23 Jan 2024UK£262.8bUK£620.3bUK£62.3b4.1x4.2x0.4x
Thu, 21 Dec 2023UK£281.9bUK£622.2bUK£62.5b4.1x4.5x0.5x
Sat, 18 Nov 2023UK£286.1bUK£630.9bUK£63.1b4.7x4.5x0.5x
Mon, 16 Oct 2023UK£307.6bUK£659.2bUK£58.1b5.4x5.3x0.5x
Wed, 13 Sep 2023UK£292.7bUK£646.0bUK£57.3b4.6x5.1x0.5x
Fri, 11 Aug 2023UK£281.8bUK£637.5bUK£57.4b4.8x4.9x0.4x
Sun, 09 Jul 2023UK£265.4bUK£668.5bUK£74.7b4.2x3.6x0.4x
Tue, 06 Jun 2023UK£270.7bUK£683.8bUK£76.4b4.5x3.5x0.4x
Thu, 04 May 2023UK£280.9bUK£677.7bUK£76.1b4.7x3.7x0.4x
Sat, 01 Apr 2023UK£286.1bUK£680.4bUK£54.4b4.6x5.3x0.4x
Mon, 27 Feb 2023UK£307.5bUK£693.1bUK£56.6b3.9x5.4x0.4x
Wed, 25 Jan 2023UK£306.1bUK£650.2bUK£50.0b4.6x6.1x0.5x
Price to Earnings Ratio

6.1x


Total Market Cap: UK£306.1bTotal Earnings: UK£50.0bTotal Revenue: UK£650.2bTotal Market Cap vs Earnings and Revenue0%0%0%
U.K. Energy Sector Price to Earnings3Y Average 14.8x202420252026
Current Industry PE
  • Investors are optimistic on the British Energy industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 23.1x which is higher than its 3-year average PE of 14.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.61x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have declined 41% per year over the last three years,
  • Revenues have also declined 18% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the U.K. Energy sector?

GB Market1.33%
Energy4.51%
Oil and Gas4.51%
Energy Services3.55%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 14.1x.
    • Analysts are expecting annual earnings growth of 12.4%, which is higher than its past year's earnings decline of 9.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 48% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 12% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SHEL ShellUK£27.534.3%
+UK£6.3b		1.2%PE14.4x
BP. BPUK£4.403.4%
+UK£2.8b		1.4%PE59.8x
KAP National Atomic Company Kazatomprom JSCUS$69.7010.6%
+US$1.7b		85.1%PE13.1x
HBR Harbour EnergyUK£2.1210.9%
+UK£340.5m		-28.0%PS0.5x
SEPL Seplat EnergyUK£3.2611.5%
+UK£201.0m		59.0%PE12.7x

Latest News

BP.
UK£4.40
BP
7D
3.4%
1Y
1.4%
BOR
UK£0.085
Borders & Southern Petroleum
7D
-11.5%
1Y
131.6%
RKH
UK£0.70
Rockhopper Exploration
7D
-2.0%
1Y
76.8%
KAP
US$69.70
National Atomic Company Kazatomprom JSC
7D
10.6%
1Y
85.1%

There's No Escaping National Atomic Company Kazatomprom JSC's (LON:KAP) Muted Earnings Despite A 26% Share Price Rise

Jan 16
There's No Escaping National Atomic Company Kazatomprom JSC's (LON:KAP) Muted Earnings Despite A 26% Share Price Rise
PANR
UK£0.07
Pantheon Resources
7D
-16.5%
1Y
-81.0%
SEPL
UK£3.26
Seplat Energy
7D
11.5%
1Y
59.0%

Improved Earnings Required Before Seplat Energy Plc (LON:SEPL) Stock's 27% Jump Looks Justified

Jan 15
Improved Earnings Required Before Seplat Energy Plc (LON:SEPL) Stock's 27% Jump Looks Justified
TGP
UK£0.12
Tekmar Group
7D
-8.0%
1Y
135.9%
ITH
UK£1.69
Ithaca Energy
7D
7.2%
1Y
19.0%

ITH: Premium Rating Will Rely On Execution Under Tougher U.K. Tax Regime

Analysts have trimmed their fair value estimate for Ithaca Energy to about £1.85 per share from roughly £1.93, citing the recent downgrade to Sell, the premium valuation in a tougher U.K. tax regime, relatively lower cash returns versus peers, and limited gas hedging from 2027. Analyst Commentary Recent research has put a spotlight on how Ithaca Energy is priced versus its risk profile, especially under the current U.K. tax regime and its evolving hedging strategy.
SHEL
UK£27.53
Shell
7D
4.3%
1Y
1.2%

SHEL: Future Returns Will Reflect Resilient Cash Flow And Shareholder Distributions

Our updated view on Shell reflects a small trim in fair value to €31.03 from €31.31, as analysts balance slightly softer growth and margin assumptions with higher price targets associated with resilient cash generation, tighter refining conditions, and a more disciplined focus on costs and shareholder returns. Analyst Commentary Street research on Shell is mixed, with several price target increases reflecting confidence in execution and cash generation, while a few more cautious voices highlight valuation and medium term growth constraints.
SQZ
UK£2.03
Serica Energy
7D
8.8%
1Y
31.2%

SQZ: Expanded North Sea Resources And Production Will Support Stronger Medium-Term Cash Flows

Analysts have nudged their price target on Serica Energy slightly higher to reflect an updated fair value estimate in line with revised assumptions on revenue growth, profit margins and future P/E multiples. What's in the News Reported third quarter 2025 production of 27,500 boe per day, with average net production of 25,700 boe per day for the first nine months of 2025 (company announcement of operating results).
HBR
UK£2.12
Harbour Energy
7D
10.9%
1Y
-28.0%

HBR: Revised Expectations Will Shape Future Returns As Production Guidance Narrows

Analysts have trimmed their price target on Harbour Energy to £2.72 from £2.98, reflecting revised assumptions on long term revenue trends, margins and price-to-earnings (P/E) expectations. Analyst Commentary The latest price target move to £2.72 from £2.98 signals a more cautious stance on Harbour Energy, even as JPMorgan maintains an Overweight rating.
HE1
UK£0.0044
Helium One Global
7D
-6.4%
1Y
-51.4%
YCA
UK£6.57
Yellow Cake
7D
6.8%
1Y
26.3%
EPP
UK£0.043
EnergyPathways
7D
-13.1%
1Y
-44.9%
CHAR
UK£0.015
Chariot
7D
-11.2%
1Y
-14.9%
SAVE
UK£0.076
Savannah Energy
7D
-9.3%
1Y
n/a