We Think Sintana Energy (CVE:SEI) Can Afford To Drive Business Growth
May 06
Canadian (TSX) Oil and Gas Industry Analysis
UpdatedMay 09, 2024
DataAggregated Company Financials
Companies190
- 7D3.4%
- 3M17.8%
- 1Y21.2%
- YTD15.9%
Over the last 7 days, the Oil and Gas industry has risen 3.4%, driven by gains from Enbridge of 4.4%. During this same period, the NexGen Energy underperformed, falling 6.0%. This means that the industry has gained 21% over the past year. Earnings are forecast to grow by 7.2% annually.
Industry Valuation and Performance
Has the Canadian Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 09 May 2024 | CA$672.5b | CA$368.9b | CA$46.1b | 10x | 14.6x | 1.8x |
| Sat, 06 Apr 2024 | CA$671.2b | CA$368.0b | CA$48.4b | 10.8x | 13.9x | 1.8x |
| Mon, 04 Mar 2024 | CA$619.7b | CA$365.7b | CA$49.6b | 8x | 12.5x | 1.7x |
| Wed, 31 Jan 2024 | CA$606.6b | CA$386.2b | CA$47.7b | 6.6x | 12.7x | 1.6x |
| Fri, 29 Dec 2023 | CA$604.3b | CA$385.9b | CA$47.7b | 6.6x | 12.7x | 1.6x |
| Sun, 26 Nov 2023 | CA$620.8b | CA$386.6b | CA$47.8b | 6.9x | 13x | 1.6x |
| Tue, 24 Oct 2023 | CA$622.4b | CA$401.5b | CA$55.6b | 6.3x | 11.2x | 1.6x |
| Thu, 21 Sep 2023 | CA$618.3b | CA$401.1b | CA$55.5b | 6.4x | 11.1x | 1.5x |
| Sat, 19 Aug 2023 | CA$594.4b | CA$401.2b | CA$55.5b | 6.1x | 10.7x | 1.5x |
| Mon, 17 Jul 2023 | CA$558.9b | CA$436.7b | CA$67.5b | 5x | 8.3x | 1.3x |
| Wed, 14 Jun 2023 | CA$562.6b | CA$436.9b | CA$67.5b | 4.5x | 8.3x | 1.3x |
| Fri, 12 May 2023 | CA$556.3b | CA$440.0b | CA$68.3b | 4.4x | 8.1x | 1.3x |
| Sun, 09 Apr 2023 | CA$580.4b | CA$450.0b | CA$70.0b | 4.2x | 8.3x | 1.3x |
| Tue, 07 Mar 2023 | CA$603.7b | CA$448.1b | CA$69.6b | 5x | 8.7x | 1.3x |
| Thu, 02 Feb 2023 | CA$600.1b | CA$439.1b | CA$75.6b | 5.2x | 7.9x | 1.4x |
| Sat, 31 Dec 2022 | CA$588.9b | CA$437.2b | CA$74.8b | 5.1x | 7.9x | 1.3x |
| Mon, 28 Nov 2022 | CA$641.8b | CA$436.8b | CA$74.7b | 5.6x | 8.6x | 1.5x |
| Wed, 26 Oct 2022 | CA$614.0b | CA$405.9b | CA$65.0b | 6.1x | 9.4x | 1.5x |
| Fri, 23 Sep 2022 | CA$582.7b | CA$406.1b | CA$64.9b | 5.7x | 9x | 1.4x |
| Sun, 21 Aug 2022 | CA$603.2b | CA$405.0b | CA$64.5b | 6.2x | 9.4x | 1.5x |
| Tue, 19 Jul 2022 | CA$556.1b | CA$352.9b | CA$52.8b | 7x | 10.5x | 1.6x |
| Thu, 16 Jun 2022 | CA$649.7b | CA$352.8b | CA$52.9b | 9.2x | 12.3x | 1.8x |
| Sat, 14 May 2022 | CA$632.8b | CA$352.1b | CA$52.7b | 7.7x | 12x | 1.8x |
| Mon, 11 Apr 2022 | CA$636.0b | CA$311.9b | CA$42.4b | 9.3x | 15x | 2x |
| Wed, 09 Mar 2022 | CA$608.7b | CA$310.9b | CA$42.6b | 7.7x | 14.3x | 2x |
| Fri, 04 Feb 2022 | CA$552.7b | CA$275.5b | CA$31.0b | 8.7x | 17.8x | 2x |
| Sun, 02 Jan 2022 | CA$479.0b | CA$269.0b | CA$29.1b | 7.4x | 16.4x | 1.8x |
| Tue, 30 Nov 2021 | CA$487.2b | CA$271.8b | CA$29.9b | 7.6x | 16.3x | 1.8x |
| Thu, 28 Oct 2021 | CA$497.1b | CA$236.5b | CA$19.1b | 11.4x | 26.1x | 2.1x |
| Sat, 25 Sep 2021 | CA$455.4b | CA$236.9b | CA$19.0b | 9.6x | 24x | 1.9x |
| Mon, 23 Aug 2021 | CA$401.0b | CA$233.9b | CA$18.6b | 8.3x | 21.5x | 1.7x |
| Sat, 10 Jul 2021 | CA$442.2b | CA$233.9b | CA$18.6b | 8.2x | 23.8x | 1.9x |
Price to Earnings Ratio
193.2x
Current Industry PE
- Investors are pessimistic on the Canadian Oil and Gas 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 14.6x which is lower than its 3-year average PE of 21.9x.
- The 3-year average PS ratio of 2.1x is higher than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have grown 178% per year over the last three years.
- Revenues for these companies have grown 23% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Canadian Energy industry?
| CA Market | 3.09% | |
| Energy | 3.27% | |
| Oil and Gas | 3.36% | |
| Oil and Gas Storage and Transportation | 4.65% | |
| Coal and Fuels | 4.56% | |
| Integrated Oil and Gas | 2.95% | |
| Oil and Gas Exploration and Production | 2.61% | |
| Oil and Gas Refining and Marketing | -3.51% | |
Industry PE
- Investors are most optimistic about the Coal and Fuels industry even though it's trading below its 3-year average PE ratio of 1kx.
- Analysts are expecting annual earnings growth of 9.9%, which is lower than the prior year's growth of 555.7% per year.
- Investors are most pessimistic about the Integrated Oil and Gas industry, which is trading below its 3-year average of 17.3x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 18% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Integrated Oil and Gas industry is expected to see its earnings decline by 6.0% 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 | |
|---|---|---|---|---|---|
| ENB Enbridge | CA$51.15 | 4.4% +CA$4.6b | -3.7% | PE18.6x | |
| TRP TC Energy | CA$52.00 | 5.8% +CA$3.0b | -6.7% | PE19.8x | |
| CNQ Canadian Natural Resources | CA$105.96 | 2.9% +CA$2.7b | 40.0% | PE15.3x | |
| SU Suncor Energy | CA$53.67 | 3.6% +CA$2.3b | 37.0% | PE8.8x | |
| CCO Cameco | CA$69.46 | 7.6% +CA$2.1b | 81.5% | PE128.6x |
