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Ghanaian (GSE) Oil and Gas Industry Analysis

UpdatedJul 12, 2026
DataAggregated Company Financials
Companies3
  • 7D1.9%
  • 3M3.3%
  • 1Y68.7%
  • YTD64.8%

In the last week, the Oil and Gas industry is up 1.9%, with all of the companies up. This takes the industry's 12 month performance to a gain of 68%. As for the next few years, earnings are expected to grow by 2.3% per annum.

Industry Valuation and Performance

Has the Ghanaian Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 13 Jul 2026GH₵14.7bGH₵27.5bGH₵793.2m18.1x18.5x0.5x
Wed, 10 Jun 2026GH₵13.0bGH₵28.5bGH₵779.3m16.5x16.7x0.5x
Fri, 08 May 2026GH₵11.3bGH₵28.4bGH₵774.6m13.6x14.6x0.4x
Sun, 05 Apr 2026GH₵7.0bGH₵23.7bGH₵413.3m23.8x16.8x0.3x
Tue, 03 Mar 2026GH₵6.2bGH₵23.7bGH₵413.3m16.8x15x0.3x
Thu, 29 Jan 2026GH₵5.7bGH₵25.3bGH₵468.2m11.7x12.1x0.2x
Sat, 27 Dec 2025GH₵5.7bGH₵25.3bGH₵468.2m11.6x12.1x0.2x
Mon, 24 Nov 2025GH₵5.6bGH₵25.3bGH₵468.2m11.3x12x0.2x
Wed, 22 Oct 2025GH₵5.5bGH₵26.3bGH₵444.3m11.4x12.4x0.2x
Fri, 19 Sep 2025GH₵4.8bGH₵26.3bGH₵444.3m10.4x10.9x0.2x
Sun, 17 Aug 2025GH₵4.4bGH₵26.3bGH₵444.3m9.5x10x0.2x
Tue, 15 Jul 2025GH₵4.5bGH₵26.9bGH₵409.1m10.4x11.1x0.2x
Thu, 12 Jun 2025GH₵3.6bGH₵26.9bGH₵409.1m8.9x8.7x0.1x
Sat, 10 May 2025GH₵3.5bGH₵26.4bGH₵376.4m8.9x9.3x0.1x
Mon, 07 Apr 2025GH₵3.3bGH₵26.4bGH₵388.8m7.9x8.6x0.1x
Wed, 05 Mar 2025GH₵2.5bGH₵26.4bGH₵388.8m6.3x6.4x0.09x
Fri, 31 Jan 2025GH₵2.1bGH₵25.7bGH₵284.3m10.1x7.5x0.08x
Sun, 29 Dec 2024GH₵2.1bGH₵25.7bGH₵284.3m9.7x7.3x0.08x
Tue, 26 Nov 2024GH₵2.0bGH₵25.7bGH₵284.3m9.7x7.2x0.08x
Thu, 24 Oct 2024GH₵2.0bGH₵25.2bGH₵251.9m9.7x8x0.08x
Sat, 21 Sep 2024GH₵2.0bGH₵25.2bGH₵251.9m9.6x7.9x0.08x
Mon, 19 Aug 2024GH₵2.0bGH₵25.2bGH₵251.9m9.6x7.8x0.08x
Wed, 17 Jul 2024GH₵2.0bGH₵26.6bGH₵235.2m9.2x8.4x0.07x
Fri, 14 Jun 2024GH₵1.7bGH₵26.5bGH₵251.0m7.2x6.6x0.06x
Sun, 12 May 2024GH₵1.7bGH₵26.5bGH₵251.0m7.1x6.6x0.06x
Tue, 09 Apr 2024GH₵1.7bGH₵26.5bGH₵239.5m7.3x6.9x0.06x
Thu, 07 Mar 2024GH₵1.7bGH₵26.5bGH₵239.5m7.3x6.9x0.06x
Sat, 03 Feb 2024GH₵1.7bGH₵29.0bGH₵272.0m6.2x6.1x0.06x
Mon, 01 Jan 2024GH₵1.6bGH₵29.0bGH₵272.0m6x5.9x0.05x
Wed, 29 Nov 2023GH₵1.6bGH₵29.0bGH₵272.0m6x5.9x0.05x
Fri, 27 Oct 2023GH₵1.6bGH₵30.2bGH₵297.0m5.3x5.4x0.05x
Sun, 24 Sep 2023GH₵1.6bGH₵30.2bGH₵297.0m5.4x5.4x0.05x
Tue, 22 Aug 2023GH₵1.7bGH₵30.2bGH₵297.0m5.6x5.6x0.05x
Thu, 20 Jul 2023GH₵1.4bGH₵30.1bGH₵286.5m5x4.9x0.05x
Price to Earnings Ratio

4.9x


Total Market Cap: GH₵1.4bTotal Earnings: GH₵286.5mTotal Revenue: GH₵30.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Ghanaian Oil and Gas Industry Price to Earnings3Y Average 9.3x202420252026
Current Industry PE
    There are only 3 companies in the Ghanaian Oil and Gas industry, so there is insufficient data to make an industry-wide assessment of both the PE and PS ratio.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have grown 40% per year over the last three years.
  • Meanwhile revenues for these companies have declined 2.9% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Ghanaian Energy industry?

GH Market0.97%
Energy1.86%
Oil and Gas1.86%
Oil and Gas Storage and Transportation6.40%
Oil and Gas Refining and Marketing0.70%
Industry PE
  • Investors are most optimistic about the Oil and Gas Storage and Transportation industry which is trading above its 3-year average PE ratio of 12.1x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the Oil and Gas Refining and Marketing industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.6x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 2.3% over the next 5 years.
  • In contrast, the Oil and Gas Refining and Marketing industry is expected to see its earnings grow by 2.3% 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
GOIL GOILGH₵7.986.4%
+GH₵188.1m
289.3%PE29.9x
TOTAL TotalEnergies Marketing GhanaGH₵40.261.7%
+GH₵73.8m
21.1%PE15x
ZEN Zen Petroleum HoldingsGH₵11.000.09%
+GH₵6.4m
n/aPE18.1x

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