Narrative Update • Jun 15
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- 7D-4.6%
- 3M-6.4%
- 1Y19.5%
- YTD18.4%
Over the last 7 days, the Oil and Gas industry has dropped 4.6%, driven by a pullback from Exxon Mobil of 7.1%. Meanwhile, Frontline actually outperformed within the industry, gaining 13% in the last week. In the past year, the industry has gained 20%. Looking forward, earnings are forecast to grow by 11% annually.
Industry Valuation and Performance
Has the U.S. Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 17 Jun 2026 | US$2.6t | US$1.7t | US$116.0b | 13x | 22.2x | 1.5x |
| Fri, 15 May 2026 | US$2.6t | US$1.7t | US$115.7b | 14.5x | 22.6x | 1.5x |
| Sun, 12 Apr 2026 | US$2.6t | US$1.7t | US$122.4b | 15.1x | 21.4x | 1.5x |
| Tue, 10 Mar 2026 | US$2.6t | US$1.7t | US$122.4b | 15x | 21.3x | 1.5x |
| Thu, 05 Feb 2026 | US$2.4t | US$1.7t | US$121.5b | 14.2x | 19.5x | 1.4x |
| Sat, 03 Jan 2026 | US$2.1t | US$1.7t | US$117.7b | 13.2x | 17.8x | 1.2x |
| Mon, 01 Dec 2025 | US$2.1t | US$1.7t | US$116.2b | 13.4x | 18.3x | 1.2x |
| Wed, 29 Oct 2025 | US$2.1t | US$1.7t | US$117.2b | 13.1x | 17.9x | 1.2x |
| Fri, 26 Sep 2025 | US$2.2t | US$1.7t | US$115.8b | 13.6x | 18.7x | 1.3x |
| Sun, 24 Aug 2025 | US$2.1t | US$1.7t | US$116.2b | 13.2x | 18x | 1.2x |
| Tue, 22 Jul 2025 | US$2.1t | US$1.7t | US$120.3b | 12.3x | 17.1x | 1.2x |
| Thu, 19 Jun 2025 | US$2.1t | US$1.7t | US$122.2b | 13.1x | 17.6x | 1.2x |
| Sat, 17 May 2025 | US$2.1t | US$1.7t | US$122.2b | 12.1x | 16.9x | 1.2x |
| Mon, 14 Apr 2025 | US$1.9t | US$1.7t | US$130.3b | 11.4x | 14.6x | 1.1x |
| Wed, 12 Mar 2025 | US$2.1t | US$1.7t | US$130.7b | 12.3x | 16x | 1.2x |
| Fri, 07 Feb 2025 | US$2.2t | US$1.8t | US$142.0b | 11.9x | 15.5x | 1.3x |
| Sun, 05 Jan 2025 | US$2.1t | US$1.8t | US$144.9b | 11.3x | 14.5x | 1.2x |
| Tue, 03 Dec 2024 | US$2.3t | US$1.8t | US$145.0b | 11.2x | 15.6x | 1.3x |
| Thu, 31 Oct 2024 | US$2.1t | US$1.8t | US$156.4b | 10.8x | 13.4x | 1.2x |
| Sat, 28 Sep 2024 | US$2.0t | US$1.8t | US$157.8b | 10.1x | 12.9x | 1.1x |
| Mon, 26 Aug 2024 | US$2.1t | US$1.8t | US$157.8b | 10.4x | 13.1x | 1.1x |
| Wed, 24 Jul 2024 | US$2.1t | US$1.8t | US$161.7b | 11x | 12.8x | 1.2x |
| Fri, 21 Jun 2024 | US$2.0t | US$1.8t | US$162.2b | 10.8x | 12.3x | 1.1x |
| Sun, 19 May 2024 | US$2.1t | US$1.8t | US$160.9b | 10.6x | 13.1x | 1.2x |
| Tue, 16 Apr 2024 | US$2.2t | US$1.8t | US$192.6b | 9.9x | 11.5x | 1.2x |
| Thu, 14 Mar 2024 | US$2.0t | US$1.8t | US$193.4b | 8.6x | 10.6x | 1.1x |
| Sat, 10 Feb 2024 | US$1.9t | US$1.8t | US$205.4b | 8x | 9.3x | 1x |
| Mon, 08 Jan 2024 | US$2.0t | US$1.9t | US$230.1b | 7.8x | 8.9x | 1.1x |
| Wed, 06 Dec 2023 | US$2.0t | US$1.9t | US$230.4b | 7.7x | 8.8x | 1.1x |
| Fri, 03 Nov 2023 | US$2.0t | US$1.9t | US$236.9b | 7.1x | 8.6x | 1.1x |
| Sun, 01 Oct 2023 | US$2.1t | US$2.0t | US$261.6b | 6.5x | 8.2x | 1.1x |
| Tue, 29 Aug 2023 | US$2.1t | US$2.0t | US$261.4b | 6.5x | 7.9x | 1x |
| Thu, 27 Jul 2023 | US$2.0t | US$2.2t | US$305.1b | 6.1x | 6.7x | 0.9x |
| Sat, 24 Jun 2023 | US$1.9t | US$2.2t | US$307.3b | 5.3x | 6.1x | 0.8x |
Price to Earnings Ratio
6.1x
Current Industry PE
- Investors are optimistic on the American Oil and Gas industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 22.2x which is higher than its 3-year average PE of 14.4x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have declined 28% per year over the last three years,
- Revenues have also declined 7.9% 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.S. Energy industry?
| US Market | 2.20% | |
| Energy | -4.43% | |
| Oil and Gas | -4.57% | |
| Oil and Gas Storage and Transportation | -0.72% | |
| Coal and Fuels | -3.67% | |
| Oil and Gas Refining and Marketing | -5.16% | |
| Oil and Gas Exploration and Production | -5.51% | |
| Integrated Oil and Gas | -6.16% | |
Industry PE
- Investors are most optimistic about the Coal and Fuels industry which is trading above its 3-year average PE ratio of 32.8x.
- Analysts are expecting annual earnings growth of 56.6%, which is higher than its past year's earnings decline of 27.4% per year.
- Investors are most pessimistic about the Oil and Gas Refining and Marketing industry, which is trading below its 3-year average of 21.8x.
Forecasted Growth
- Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 57% over the next 5 years.
- This is better than its past earnings decline of 27% per year.
- In contrast, the Oil and Gas Refining and Marketing industry is expected to see its earnings grow by 4.7% 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 | |
|---|---|---|---|---|---|
| FRO Frontline | US$39.42 | 8.7% +US$701.3m | 99.4% | PE9.7x | |
| UEC Uranium Energy | US$11.67 | 9.6% +US$504.8m | 76.0% | PS285.9x | |
| DHT DHT Holdings | US$18.41 | 10.1% +US$272.2m | 51.8% | PE8.9x | |
| KMI Kinder Morgan | US$31.44 | 0.3% +US$222.5m | 14.5% | PE21.2x | |
| CRK Comstock Resources | US$13.34 | 5.3% +US$196.8m | -53.8% | PE6.3x |