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May 10
Norwegian (OSEAX) Oil and Gas Industry Analysis
UpdatedMay 17, 2024
DataAggregated Company Financials
Companies24
- 7D-1.1%
- 3M11.4%
- 1Y6.1%
- YTD-5.6%
Over the last 7 days, the Oil and Gas industry has dropped 1.1%, driven by a pullback from Equinor of 1.9%. In contrast, Avance Gas Holding has gained 18%. Over the past 12 months, the industry was up 6.1%. As for the next few years, earnings are forecast to decline by 3.5% per annum.
Industry Valuation and Performance
Has the Norwegian Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 18 May 2024 | kr1.3t | kr1.4t | kr145.5b | 7.7x | 8.8x | 0.9x |
| Mon, 15 Apr 2024 | kr1.3t | kr1.5t | kr170.8b | 7.1x | 7.9x | 0.9x |
| Wed, 13 Mar 2024 | kr1.2t | kr1.4t | kr165.0b | 6.3x | 7x | 0.8x |
| Fri, 09 Feb 2024 | kr1.2t | kr1.5t | kr170.8b | 6.3x | 6.9x | 0.8x |
| Sun, 07 Jan 2024 | kr1.4t | kr1.5t | kr223.1b | 5.5x | 6.3x | 0.9x |
| Tue, 05 Dec 2023 | kr1.4t | kr1.6t | kr234.6b | 5.2x | 6x | 0.9x |
| Thu, 02 Nov 2023 | kr1.6t | kr1.6t | kr245.6b | 6.2x | 6.3x | 1x |
| Sat, 30 Sep 2023 | kr1.4t | kr1.7t | kr306.1b | 5.5x | 4.7x | 0.8x |
| Mon, 28 Aug 2023 | kr1.3t | kr1.7t | kr304.8b | 5.6x | 4.4x | 0.8x |
| Wed, 26 Jul 2023 | kr1.3t | kr1.8t | kr336.8b | 6.4x | 3.9x | 0.7x |
| Fri, 23 Jun 2023 | kr1.3t | kr1.9t | kr352.9b | 6.5x | 3.7x | 0.7x |
| Sun, 21 May 2023 | kr1.3t | kr1.9t | kr362.9b | 6.2x | 3.6x | 0.7x |
| Tue, 18 Apr 2023 | kr1.3t | kr1.9t | kr350.7b | 6.6x | 3.8x | 0.7x |
| Thu, 16 Mar 2023 | kr1.3t | kr2.0t | kr359.5b | 6.4x | 3.5x | 0.7x |
| Sat, 11 Feb 2023 | kr1.4t | kr1.8t | kr334.3b | 8x | 4.3x | 0.8x |
| Mon, 09 Jan 2023 | kr1.4t | kr1.8t | kr283.9b | 7.6x | 5x | 0.8x |
| Wed, 07 Dec 2022 | kr1.6t | kr1.8t | kr283.0b | 8.5x | 5.6x | 0.9x |
| Fri, 04 Nov 2022 | kr1.7t | kr1.8t | kr288.5b | 10x | 5.8x | 0.9x |
| Sun, 02 Oct 2022 | kr1.5t | kr1.7t | kr210.8b | 8.4x | 7.3x | 0.9x |
| Tue, 30 Aug 2022 | kr1.8t | kr1.5t | kr189.4b | 10x | 9.3x | 1.2x |
| Thu, 28 Jul 2022 | kr1.5t | kr1.3t | kr141.8b | 9.8x | 10.9x | 1.2x |
| Sat, 25 Jun 2022 | kr1.4t | kr1.3t | kr142.4b | 9x | 9.5x | 1.1x |
| Mon, 23 May 2022 | kr1.4t | kr1.3t | kr139.5b | 10x | 10.2x | 1.1x |
| Wed, 20 Apr 2022 | kr1.4t | kr940.5b | kr95.2b | 10.3x | 14.9x | 1.5x |
| Fri, 18 Mar 2022 | kr1.1t | kr934.2b | kr93.7b | 9.1x | 12.2x | 1.2x |
| Sun, 13 Feb 2022 | kr1.1t | kr877.5b | kr87.2b | 12.3x | 13.1x | 1.3x |
| Tue, 11 Jan 2022 | kr1.0t | kr694.8b | kr34.3b | 14.1x | 30.1x | 1.5x |
| Thu, 09 Dec 2021 | kr958.2b | kr696.5b | kr34.6b | 14x | 27.7x | 1.4x |
| Sat, 06 Nov 2021 | kr929.6b | kr670.2b | kr32.3b | 12.6x | 28.8x | 1.4x |
| Mon, 04 Oct 2021 | kr910.3b | kr565.7b | kr807.2m | 11.1x | 1127.7x | 1.6x |
| Wed, 01 Sep 2021 | kr748.4b | kr563.6b | kr770.6m | 8.4x | 971.2x | 1.3x |
| Thu, 08 Jul 2021 | kr757.3b | kr563.6b | kr770.6m | 6.9x | 982.7x | 1.3x |
Price to Earnings Ratio
-40.6x
Current Industry PE
- Investors are pessimistic on the Norwegian 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 8.8x which is lower than its 3-year average PE of 124x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.90x.
Past Earnings Growth
- Total earnings for the Oil and Gas industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 45% 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 Norwegian Energy industry?
| NO Market | 0.39% | |
| Energy | -0.90% | |
| Oil and Gas | -1.08% | |
| Oil and Gas Storage and Transportation | 5.35% | |
| Oil and Gas Exploration and Production | -0.69% | |
| Integrated Oil and Gas | -1.94% | |
| Oil and Gas Refining and Marketing | -3.30% | |
| Coal and Fuels | -8.03% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Exploration and Production industry even though it's trading below its 3-year average PE ratio of 16.3x.
- Analysts are expecting annual earnings growth of 7.6%, which is lower than the prior year's growth of 79.1% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 51% over the next 5 years.
- In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings decline by 20% 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 | |
|---|---|---|---|---|---|
| AGAS Avance Gas Holding | kr198.00 | 14.2% +kr1.9b | 169.8% | PE5.2x | |
| BWLPG BWG | kr178.90 | 3.7% +kr843.2m | 92.7% | PE4.7x | |
| HAFNI Hafnia | kr89.05 | 0.8% +kr354.8m | 60.9% | PE5.6x | |
| OET Okeanis Eco Tankers | kr370.00 | 2.2% +kr257.6m | 46.8% | PE7.6x | |
| PEN Panoro Energy | kr32.10 | 3.0% +kr111.1m | 16.0% | PE10.5x |
