U.S. Oil and Gas Exploration and Production Industry Analysis
UpdatedSep 24, 2023
DataAggregated Company Financials
Companies299
- 7D-4.4%
- 3M13.7%
- 1Y13.9%
- YTD5.3%
Over the last 7 days, the Oil and Gas Exploration and Production industry has dropped 4.4%, driven by declines in EOG Resources and ConocoPhillips of 7.2% and 3.6%, respectively. This takes the industry's 12 month performance to a gain of 14%. Looking forward, earnings are forecast to decline by 4.5% per year.
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, 24 Sep 2023 | US$632.3b | US$285.5b | US$89.5b | 5.7x | 7.1x | 2.2x |
| Tue, 22 Aug 2023 | US$649.3b | US$285.6b | US$89.6b | 5.9x | 7.2x | 2.3x |
| Thu, 20 Jul 2023 | US$603.8b | US$327.2b | US$106.8b | 4.9x | 5.7x | 1.8x |
| Sat, 17 Jun 2023 | US$579.0b | US$327.2b | US$106.8b | 4.8x | 5.4x | 1.8x |
| Mon, 15 May 2023 | US$555.1b | US$328.0b | US$106.7b | 4.7x | 5.2x | 1.7x |
| Wed, 12 Apr 2023 | US$611.4b | US$336.9b | US$93.2b | 5.5x | 6.6x | 1.8x |
| Fri, 10 Mar 2023 | US$587.8b | US$336.7b | US$93.2b | 5.6x | 6.3x | 1.7x |
| Sun, 05 Feb 2023 | US$617.6b | US$331.6b | US$91.1b | 5.7x | 6.8x | 1.9x |
| Tue, 03 Jan 2023 | US$644.3b | US$326.6b | US$89.4b | 5.8x | 7.2x | 2x |
| Thu, 01 Dec 2022 | US$693.2b | US$326.6b | US$89.4b | 6.3x | 7.8x | 2.1x |
| Sat, 29 Oct 2022 | US$696.3b | US$297.3b | US$71.9b | 8.6x | 9.7x | 2.3x |
| Mon, 26 Sep 2022 | US$560.4b | US$288.3b | US$63.2b | 7.7x | 8.9x | 1.9x |
| Wed, 24 Aug 2022 | US$648.0b | US$288.2b | US$63.2b | 9.9x | 10.3x | 2.2x |
| Fri, 22 Jul 2022 | US$542.4b | US$228.6b | US$37.2b | 12.2x | 14.6x | 2.4x |
| Sun, 19 Jun 2022 | US$555.3b | US$228.7b | US$37.2b | 11.8x | 14.9x | 2.4x |
| Tue, 17 May 2022 | US$600.1b | US$228.4b | US$37.1b | 13.8x | 16.2x | 2.6x |
| Thu, 14 Apr 2022 | US$612.0b | US$196.4b | US$33.3b | 15.6x | 18.4x | 3.1x |
| Sat, 12 Mar 2022 | US$559.4b | US$197.5b | US$31.3b | 16.9x | 17.9x | 2.8x |
| Mon, 07 Feb 2022 | US$514.2b | US$164.9b | US$15.6b | 22.8x | 32.9x | 3.1x |
| Wed, 05 Jan 2022 | US$451.7b | US$153.2b | US$11.1b | 20.5x | 40.7x | 2.9x |
| Fri, 03 Dec 2021 | US$401.5b | US$152.0b | US$11.8b | 19.3x | 34.1x | 2.6x |
| Sun, 31 Oct 2021 | US$443.3b | US$131.3b | -US$520,712,432.00 | 29.1x | -851.3x | 3.4x |
| Tue, 28 Sep 2021 | US$395.2b | US$127.2b | -US$543,426,557.00 | 26.3x | -727.3x | 3.1x |
| Thu, 26 Aug 2021 | US$318.2b | US$127.6b | -US$1,343,496,174.32 | 19.8x | -236.8x | 2.5x |
| Fri, 02 Jul 2021 | US$368.2b | US$127.6b | -US$1,354,725,410.32 | 23.2x | -271.8x | 2.9x |
| Mon, 05 Apr 2021 | US$304.1b | US$102.0b | -US$17,620,691,031.47 | 17.5x | -17.3x | 3x |
| Thu, 07 Jan 2021 | US$184.4b | US$85.1b | -US$44,094,801,525.97 | 9.9x | -4.2x | 2.2x |
| Wed, 30 Sep 2020 | US$137.0b | US$91.2b | -US$42,986,844,894.17 | 6.8x | -3.2x | 1.5x |
Price to Earnings Ratio
-3.2x
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 7.1x which is higher than its 3-year average PE of -39.5x.
- 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 46% 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 | -3.07% | |
| Energy | -2.03% | |
| Oil and Gas | -1.94% | |
| Oil and Gas Exploration and Production | -4.43% | |
| Oil and Gas Storage and Transportation | -0.12% | |
| Oil and Gas Refining and Marketing | -0.61% | |
| Coal and Fuels | -1.22% | |
| Integrated Oil and Gas | -1.24% | |
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 | |
|---|---|---|---|---|---|
| TPL Texas Pacific Land | US$1.84k | 3.9% +US$534.1m | 12.2% | PE33.9x | |
| HPK HighPeak Energy | US$16.86 | 5.6% +US$115.4m | -16.2% | PE9.3x | |
| PBT Permian Basin Royalty Trust | US$21.72 | 2.4% +US$23.8m | 38.3% | PE19.1x | |
| EP Empire Petroleum | US$9.89 | 11.0% +US$22.3m | -22.8% | PS4.9x | |
| GRNT Granite Ridge Resources | US$5.89 | 2.4% +US$18.9m | -40.7% | PE4.4x |
