These 4 Measures Indicate That ConocoPhillips (NYSE:COP) Is Using Debt Reasonably Well
Sep 04
Have your own idea? Try our Stock Screener
Markets has moved to Discover
You can now access Markets by navigating to Discover and selecting Markets.
U.S. Oil and Gas Exploration and Production Industry Analysis
UpdatedSep 07, 2024
DataAggregated Company Financials
Companies216
- 7D-7.1%
- 3M-8.0%
- 1Y-13.6%
- YTDn/a
Over the last 7 days, the Oil and Gas Exploration and Production industry has dropped 7.1%, driven by a pullback from ConocoPhillips of 6.8%. On the other hand Sable Offshore is actually up 30%. The industry has fallen 14% in the last year. Looking forward, earnings are forecast to grow by 12% annually.
Industry Valuation and Performance
Has the U.S. Oil and Gas Exploration and Production Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 08 Sep 2024 | US$510.1b | US$221.0b | US$43.1b | 9.9x | 11.8x | 2.3x |
| Tue, 06 Aug 2024 | US$520.7b | US$218.0b | US$42.8b | 10.1x | 12.2x | 2.4x |
| Thu, 04 Jul 2024 | US$565.8b | US$214.9b | US$43.8b | 11.2x | 12.9x | 2.6x |
| Sat, 01 Jun 2024 | US$560.7b | US$214.8b | US$43.7b | 11.3x | 12.8x | 2.6x |
| Mon, 29 Apr 2024 | US$664.2b | US$235.6b | US$58.1b | 9.7x | 11.4x | 2.8x |
| Wed, 27 Mar 2024 | US$636.8b | US$238.4b | US$60.4b | 8.8x | 10.5x | 2.7x |
| Fri, 23 Feb 2024 | US$570.7b | US$233.9b | US$62.7b | 8.2x | 9.1x | 2.4x |
| Sun, 21 Jan 2024 | US$580.3b | US$260.7b | US$76.4b | 7.3x | 7.6x | 2.2x |
| Tue, 19 Dec 2023 | US$611.4b | US$260.7b | US$76.4b | 7.4x | 8x | 2.3x |
| Thu, 16 Nov 2023 | US$627.6b | US$260.9b | US$76.9b | 7.5x | 8.2x | 2.4x |
| Sat, 14 Oct 2023 | US$669.1b | US$286.0b | US$89.7b | 5.5x | 7.5x | 2.3x |
| Mon, 11 Sep 2023 | US$652.3b | US$285.5b | US$89.6b | 5.9x | 7.3x | 2.3x |
| Wed, 09 Aug 2023 | US$643.5b | US$286.8b | US$90.1b | 6.2x | 7.1x | 2.2x |
| Fri, 07 Jul 2023 | US$565.2b | US$327.2b | US$106.8b | 4.6x | 5.3x | 1.7x |
| Sun, 04 Jun 2023 | US$567.9b | US$327.2b | US$106.8b | 4.7x | 5.3x | 1.7x |
| Tue, 02 May 2023 | US$587.8b | US$333.8b | US$102.8b | 5.1x | 5.7x | 1.8x |
| Thu, 30 Mar 2023 | US$567.8b | US$336.9b | US$93.3b | 5.2x | 6.1x | 1.7x |
| Sat, 25 Feb 2023 | US$597.7b | US$333.2b | US$94.4b | 5.6x | 6.3x | 1.8x |
| Mon, 23 Jan 2023 | US$666.4b | US$326.5b | US$89.3b | 5.7x | 7.5x | 2x |
| Wed, 21 Dec 2022 | US$629.7b | US$326.6b | US$89.4b | 5.6x | 7x | 1.9x |
| Fri, 18 Nov 2022 | US$713.7b | US$326.2b | US$89.2b | 6.5x | 8x | 2.2x |
| Sun, 16 Oct 2022 | US$639.7b | US$288.3b | US$63.2b | 8.9x | 10.1x | 2.2x |
| Tue, 13 Sep 2022 | US$662.7b | US$288.2b | US$63.2b | 9.1x | 10.5x | 2.3x |
| Thu, 11 Aug 2022 | US$580.2b | US$288.0b | US$62.2b | 10x | 9.3x | 2x |
| Sat, 09 Jul 2022 | US$525.7b | US$230.3b | US$37.6b | 11.7x | 14x | 2.3x |
| Mon, 06 Jun 2022 | US$699.9b | US$228.6b | US$37.2b | 14.6x | 18.8x | 3.1x |
| Wed, 04 May 2022 | US$584.9b | US$198.2b | US$32.6b | 15.4x | 17.9x | 3x |
| Fri, 01 Apr 2022 | US$593.7b | US$196.4b | US$33.3b | 15x | 17.8x | 3x |
| Sun, 27 Feb 2022 | US$511.5b | US$187.7b | US$29.2b | 15.8x | 17.5x | 2.7x |
| Tue, 25 Jan 2022 | US$460.8b | US$153.2b | US$11.1b | 21.4x | 41.5x | 3x |
| Thu, 23 Dec 2021 | US$418.1b | US$153.1b | US$11.2b | 19.7x | 37.5x | 2.7x |
| Sat, 20 Nov 2021 | US$440.5b | US$154.3b | US$11.6b | 20.4x | 38x | 2.9x |
| Mon, 18 Oct 2021 | US$440.6b | US$127.2b | -US$546,525,333.00 | 28.2x | -806.2x | 3.5x |
| Wed, 15 Sep 2021 | US$355.5b | US$128.1b | -US$2,816,383,619.81 | 17.1x | -126.2x | 2.8x |
Price to Earnings Ratio
-126.2x
Current Industry PE
- Investors are pessimistic on the American Oil and Gas Exploration and Production industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 11.8x which is higher than its 3-year average PE of -17.8x.
- The industry is trading close to its 3-year average PS ratio of 2.4x.
Past Earnings Growth
- Total earnings for the Oil and Gas Exploration and Production industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 20% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does U.S. Oil and Gas Exploration and Production compare with similar industries?
| US Market | -4.43% | |
| Energy | -5.54% | |
| Oil and Gas | -5.28% | |
| Oil and Gas Exploration and Production | -7.15% | |
| Oil and Gas Storage and Transportation | -2.14% | |
| Integrated Oil and Gas | -5.35% | |
| Oil and Gas Refining and Marketing | -7.51% | |
| Coal and Fuels | -9.62% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SOC Sable Offshore | US$21.82 | 29.6% +US$322.9m | 108.0% | PB11.6x | |
| HHRS Hammerhead Energy | US$15.32 | 1.9% +US$26.9m | 50.2% | PS2.7x | |
| TGA TransGlobe Energy | US$3.72 | 4.8% +US$12.4m | 42.5% | PE2.2x | |
| DEN Denbury | US$88.66 | 0.1% +US$5.1m | -4.1% | PE9.5x | |
| SJT San Juan Basin Royalty Trust | US$3.31 | 0.6% +US$932.2k | -51.5% | PE7.8x |