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Canadian (TSX) Energy Sector Analysis

UpdatedOct 30, 2023
DataAggregated Company Financials
Companies234
  • 7D-1.6%
  • 3M3.9%
  • 1Y-2.4%
  • YTD7.0%

Over the last 7 days, the Energy industry has dropped 1.6%, driven by a pullback from Cenovus Energy of 3.1%. Over the last year, the industry has been flat overall. Looking forward, earnings are forecast to grow by 11% annually.

Sector Valuation and Performance

Has the Canadian Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 30 Oct 2023CA$630.4bCA$427.7bCA$56.2b6.5x11.2x1.5x
Wed, 27 Sep 2023CA$632.7bCA$428.3bCA$56.7b6.4x11.2x1.5x
Fri, 25 Aug 2023CA$599.4bCA$428.3bCA$56.7b6.1x10.6x1.4x
Sun, 23 Jul 2023CA$586.4bCA$462.9bCA$68.5b5.6x8.6x1.3x
Tue, 20 Jun 2023CA$566.5bCA$463.0bCA$68.6b5.1x8.3x1.2x
Thu, 18 May 2023CA$559.7bCA$464.6bCA$69.0b4.8x8.1x1.2x
Sat, 15 Apr 2023CA$607.1bCA$473.8bCA$70.6b5.7x8.6x1.3x
Mon, 13 Mar 2023CA$597.4bCA$473.8bCA$71.0b5.5x8.4x1.3x
Wed, 08 Feb 2023CA$610.7bCA$461.7bCA$75.9b5.7x8x1.3x
Fri, 06 Jan 2023CA$579.5bCA$459.6bCA$75.1b5.6x7.7x1.3x
Sun, 04 Dec 2022CA$639.0bCA$459.2bCA$75.0b6.3x8.5x1.4x
Tue, 01 Nov 2022CA$644.1bCA$431.9bCA$65.4b7.1x9.8x1.5x
Thu, 29 Sep 2022CA$566.3bCA$425.9bCA$64.9b6.2x8.7x1.3x
Sat, 27 Aug 2022CA$636.6bCA$424.5bCA$64.5b7.3x9.9x1.5x
Mon, 25 Jul 2022CA$584.5bCA$369.2bCA$52.3b8.1x11.2x1.6x
Wed, 22 Jun 2022CA$627.6bCA$369.2bCA$52.4b9.3x12x1.7x
Fri, 20 May 2022CA$656.5bCA$368.7bCA$52.2b9.7x12.6x1.8x
Sun, 17 Apr 2022CA$654.5bCA$326.3bCA$41.8b10.3x15.6x2x
Tue, 15 Mar 2022CA$591.4bCA$326.2bCA$42.0b8x14.1x1.8x
Thu, 10 Feb 2022CA$559.9bCA$303.7bCA$32.5b9.1x17.2x1.8x
Sat, 08 Jan 2022CA$519.2bCA$282.0bCA$28.9b8.6x17.9x1.8x
Mon, 06 Dec 2021CA$480.9bCA$284.8bCA$29.4b9x16.4x1.7x
Wed, 03 Nov 2021CA$516.0bCA$258.3bCA$22.2b11.6x23.3x2x
Fri, 01 Oct 2021CA$472.3bCA$248.0bCA$18.6b11.5x25.4x1.9x
Sun, 29 Aug 2021CA$422.2bCA$245.1bCA$18.3b9x23.1x1.7x
Mon, 05 Jul 2021CA$449.7bCA$245.1bCA$18.3b9.6x24.6x1.8x
Thu, 08 Apr 2021CA$386.1bCA$207.7bCA$1.4b10.5x275.1x1.9x
Sun, 10 Jan 2021CA$309.5bCA$196.5b-CA$26,250,399,286.259.8x-11.8x1.6x
Price to Earnings Ratio

-8.4x


Total Market Cap: CA$255.4bTotal Earnings: -CA$30,430,321,338.15Total Revenue: CA$211.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Canadian Energy Sector Price to Earnings3Y Average 32.8x202120222023
Current Industry PE
  • Investors are pessimistic on the Canadian Energy 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 11.2x which is lower than its 3-year average PE of 32.8x.
  • The industry is trading close to its 3-year average PS ratio of 1.6x.
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 27% 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 Canadian Energy sector?

CA Market-1.70%
Energy-1.56%
Oil and Gas-1.56%
Energy Services-1.67%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry even though it's trading below its 3-year average PE ratio of 23.8x.
    • Analysts are expecting annual earnings growth of 10.3%, which is higher than its past year's earnings decline of 13.5% per year.
  • Investors are most pessimistic about the Energy Services 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 27% over the next 5 years.
  • However this is lower than its past earnings growth rate of 120% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings grow by 10% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
TRP TC EnergyCA$46.950.8%
+CA$373.5m		-21.5%PE50.9x
NXE NexGen EnergyCA$7.973.4%
+CA$135.8m		39.3%PB9.4x
ENB EnbridgeCA$44.040.1%
+CA$127.5m		-17.0%PE24.7x
MEG MEG EnergyCA$27.611.5%
+CA$116.2m		35.5%PE14.7x
PPL Pembina PipelineCA$42.300.5%
+CA$104.4m		-6.0%PE8.7x
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Latest News

SES

CA$7.49

Secure Energy Services

7D

4.2%

1Y

4.8%

Investor Optimism Abounds Secure Energy Services Inc. (TSE:SES) But Growth Is Lacking

Oct 30
Investor Optimism Abounds Secure Energy Services Inc. (TSE:SES) But Growth Is Lacking

IMO

CA$79.74

Imperial Oil

7D

-0.8%

1Y

7.6%

TRP

CA$46.95

TC Energy

7D

0.8%

1Y

-21.5%

WCP

CA$10.65

Whitecap Resources

7D

-4.0%

1Y

0.9%

CVE

CA$26.80

Cenovus Energy

7D

-3.1%

1Y

-2.7%

FEC

CA$11.46

Frontera Energy

7D

8.7%

1Y

0.5%

MEG

CA$27.61

MEG Energy

7D

1.5%

1Y

35.5%

ERF

CA$23.37

Enerplus

7D

-1.7%

1Y

-1.1%

ENB

CA$44.04

Enbridge

7D

0.1%

1Y

-17.0%

OVV

CA$65.66

Ovintiv

7D

-2.4%

1Y

-4.8%

PPL

CA$42.30

Pembina Pipeline

7D

0.5%

1Y

-6.0%

POU

CA$33.14

Paramount Resources

7D

1.9%

1Y

14.8%

NXE

CA$7.97

NexGen Energy

7D

3.4%

1Y

39.3%

CNQ

CA$88.10

Canadian Natural Resources

7D

-0.5%

1Y

7.8%

SU

CA$45.06

Suncor Energy

7D

-1.8%

1Y

-3.8%

ARX

CA$21.92

ARC Resources

7D

-1.1%

1Y

14.3%