We Ran A Stock Scan For Earnings Growth And Frontline (NYSE:FRO) Passed With Ease
Sep 27
U.S. Energy Sector Analysis
UpdatedSep 27, 2023
DataAggregated Company Financials
Companies562
- 7D-1.1%
- 3M12.5%
- 1Y27.3%
- YTD8.4%
Over the last 7 days, the Energy industry has dropped 1.1%, driven by pullbacks in Exxon Mobil and ConocoPhillips of 0.8% and 2.5%, respectively. Over the past 12 months, the industry was up 27%. In the next few years, earnings are forecast to decline by 3.6% annually.
Sector Valuation and Performance
Has the U.S. Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 27 Sep 2023 | US$2.4t | US$2.2t | US$272.6b | 7.7x | 8.8x | 1.1x |
| Fri, 25 Aug 2023 | US$2.3t | US$2.2t | US$272.4b | 7.5x | 8.4x | 1.1x |
| Sun, 23 Jul 2023 | US$2.6t | US$2.4t | US$317.6b | 7.2x | 8.1x | 1.1x |
| Tue, 20 Jun 2023 | US$2.5t | US$2.4t | US$315.8b | 7.2x | 7.8x | 1x |
| Thu, 18 May 2023 | US$2.4t | US$2.4t | US$316.0b | 6.8x | 7.6x | 1x |
| Sat, 15 Apr 2023 | US$2.3t | US$2.4t | US$279.2b | 6.9x | 8.2x | 1x |
| Mon, 13 Mar 2023 | US$2.2t | US$2.4t | US$280.4b | 6.8x | 7.7x | 0.9x |
| Wed, 08 Feb 2023 | US$2.3t | US$2.3t | US$270.9b | 7.5x | 8.5x | 1x |
| Fri, 06 Jan 2023 | US$2.3t | US$2.3t | US$256.9b | 7.6x | 8.8x | 1x |
| Sun, 04 Dec 2022 | US$2.4t | US$2.3t | US$257.1b | 8.5x | 9.2x | 1x |
| Tue, 01 Nov 2022 | US$2.4t | US$2.2t | US$223.1b | 10.3x | 10.7x | 1.1x |
| Thu, 29 Sep 2022 | US$2.0t | US$2.1t | US$190.8b | 9.6x | 10.3x | 1x |
| Sat, 27 Aug 2022 | US$2.2t | US$2.1t | US$190.6b | 10.9x | 11.7x | 1.1x |
| Mon, 25 Jul 2022 | US$1.9t | US$1.8t | US$111.5b | 12.9x | 17.2x | 1.1x |
| Wed, 22 Jun 2022 | US$2.0t | US$1.8t | US$110.4b | 13.6x | 18.5x | 1.2x |
| Fri, 20 May 2022 | US$2.1t | US$1.8t | US$109.5b | 14.8x | 19.6x | 1.2x |
| Sun, 17 Apr 2022 | US$2.2t | US$1.6t | US$90.1b | 15.5x | 23.9x | 1.4x |
| Tue, 15 Mar 2022 | US$2.0t | US$1.6t | US$91.2b | 15x | 21.6x | 1.2x |
| Thu, 10 Feb 2022 | US$1.8t | US$1.5t | US$67.9b | 18.1x | 26.9x | 1.2x |
| Sat, 08 Jan 2022 | US$1.7t | US$1.4t | US$22.1b | 18.8x | 75.7x | 1.2x |
| Mon, 06 Dec 2021 | US$1.5t | US$1.4t | US$23.3b | 15.8x | 63.9x | 1.1x |
| Wed, 03 Nov 2021 | US$1.6t | US$1.3t | US$3.1b | 21.2x | 514.4x | 1.3x |
| Fri, 01 Oct 2021 | US$1.5t | US$1.2t | -US$15,279,198,473.00 | 20.2x | -95.2x | 1.2x |
| Sun, 29 Aug 2021 | US$1.3t | US$1.2t | -US$16,086,788,527.14 | 15.2x | -83.3x | 1.1x |
| Mon, 05 Jul 2021 | US$1.5t | US$1.2t | -US$16,112,384,260.14 | 15.9x | -91.1x | 1.2x |
| Thu, 08 Apr 2021 | US$1.3t | US$1.0t | -US$62,470,884,964.54 | 12.9x | -20.7x | 1.3x |
| Sun, 10 Jan 2021 | US$974.5b | US$989.7b | -US$153,942,789,407.27 | 8.8x | -6.3x | 1x |
| Sat, 03 Oct 2020 | US$751.0b | US$1.1t | -US$130,985,681,432.16 | 6.1x | -5.7x | 0.7x |
Price to Earnings Ratio
-5.7x
Current Industry PE
- Investors are optimistic on the American Energy industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 8.8x which is higher than its 3-year average PE of 2.5x.
- The industry is trading close to its 3-year average PS ratio of 1.1x.
Past Earnings Growth
- Total earnings for the Energy industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 25% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the U.S. Energy sector?
| US Market | -3.77% | |
| Energy | -1.14% | |
| Oil and Gas | -1.13% | |
| Energy Services | -1.22% | |
Industry PE
- Investors are most optimistic about the Energy Services industry, which is trading close to its 3-year average PE ratio of 22.7x.
- Analysts are expecting annual earnings growth of 24.1%, which is lower than the prior year's growth of 158.5% per year.
- Investors are most pessimistic about the Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 24% over the next 5 years.
- However this is lower than its past earnings growth rate of 158% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings decline by 7.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| OKE ONEOK | US$64.48 | -4.9% US$7.2b | 26.5% | PE15.4x | |
| CVX Chevron | US$167.80 | 0.4% +US$1.1b | 19.0% | PE10.4x | |
| FRO Frontline | US$18.36 | 8.5% +US$320.6m | 56.5% | PE5x | |
| PR Permian Resources | US$13.46 | 0.2% +US$313.7m | 112.3% | PE9.6x | |
| RIG Transocean | US$8.42 | 4.3% +US$272.4m | 239.5% | PS2.4x |
