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Nigerian (NSE) Oil and Gas Industry Analysis

UpdatedDec 25, 2024
DataAggregated Company Financials
Companies5
  • 7D-3.2%
  • 3M46.3%
  • 1Y153.2%
  • YTD-11.3%

Over the last 7 days, the Oil and Gas industry has dropped 3.2%, driven by a pullback from Aradel Holdings of 4.8%. On the other hand MRS Oil Nigeria is actually up 50%. In the past year, the industry has gained 153%. As for the next few years, earnings are expected to grow by 34% per annum.

Industry Valuation and Performance

Has the Nigerian Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Dec 2024₦3.2t₦2.1t₦193.0b14.5x16.5x1.5x
Sat, 23 Nov 2024₦2.7t₦2.1t₦193.0b11.2x14.2x1.3x
Mon, 21 Oct 2024₦3.1t₦1.5t₦42.0b9.3x74.1x2.1x
Wed, 18 Sep 2024₦391.4b₦1.5t₦42.0b9.3x9.3x0.3x
Fri, 16 Aug 2024₦319.8b₦1.5t₦42.0b7.6x7.6x0.2x
Sun, 14 Jul 2024₦273.1b₦1.3t₦35.8b8.7x7.6x0.2x
Tue, 11 Jun 2024₦228.9b₦1.2t₦34.4b7.6x6.6x0.2x
Thu, 09 May 2024₦224.2b₦1.1t₦27.1b8.5x8.3x0.2x
Sat, 06 Apr 2024₦369.4b₦1.0t₦27.4b9.1x13.5x0.4x
Mon, 04 Mar 2024₦370.0b₦1.0t₦27.5b9.1x13.5x0.4x
Wed, 31 Jan 2024₦470.2b₦1.3t₦13.3b9.5x35.4x0.3x
Fri, 29 Dec 2023₦398.7b₦1.3t₦14.8b9.1x26.9x0.3x
Sun, 26 Nov 2023₦416.4b₦1.3t₦14.8b9.3x28.1x0.3x
Tue, 24 Oct 2023₦380.7b₦1.2t₦13.7b9x27.8x0.3x
Thu, 21 Sep 2023₦433.1b₦1.2t₦13.7b9x31.6x0.4x
Sat, 19 Aug 2023₦362.3b₦1.2t₦13.7b9x26.5x0.3x
Mon, 17 Jul 2023₦362.7b₦1.1t₦17.9b10.5x20.2x0.3x
Wed, 14 Jun 2023₦209.6b₦1.1t₦19.2b7.6x10.9x0.2x
Fri, 12 May 2023₦157.5b₦1.1t₦16.8b5.4x9.4x0.1x
Sun, 09 Apr 2023₦214.1b₦1.1t₦16.2b4.6x13.2x0.2x
Tue, 07 Mar 2023₦209.1b₦1.1t₦16.6b5.3x12.6x0.2x
Thu, 02 Feb 2023₦183.4b₦1.1t₦16.3b5.3x11.3x0.2x
Sat, 31 Dec 2022₦175.5b₦1.0t₦12.2b4.6x14.4x0.2x
Mon, 28 Nov 2022₦167.3b₦1.0t₦12.2b4.6x13.7x0.2x
Wed, 26 Oct 2022₦173.5b₦937.5b₦14.8b7x11.7x0.2x
Fri, 23 Sep 2022₦185.0b₦938.1b₦14.8b7.5x12.5x0.2x
Sun, 21 Aug 2022₦191.6b₦938.1b₦14.8b7.5x13x0.2x
Tue, 19 Jul 2022₦201.2b₦884.4b₦16.6b8.3x12.1x0.2x
Thu, 16 Jun 2022₦212.2b₦862.6b₦19.8b8.9x10.7x0.2x
Sat, 14 May 2022₦213.6b₦862.6b₦19.8b9.8x10.8x0.2x
Mon, 11 Apr 2022₦189.9b₦825.2b₦17.5b8.4x10.8x0.2x
Wed, 09 Mar 2022₦200.9b₦825.6b₦17.5b9.8x11.4x0.2x
Fri, 04 Feb 2022₦197.3b₦814.8b₦20.4b14x9.7x0.2x
Sun, 02 Jan 2022₦177.5b₦740.3b₦17.0b10.5x10.5x0.2x
Price to Earnings Ratio

10.5x


Total Market Cap: ₦177.5bTotal Earnings: ₦17.0bTotal Revenue: ₦740.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Oil and Gas Industry Price to Earnings3Y Average 15x20232024
Current Industry PE
  • Investors are optimistic on the Nigerian Oil and Gas industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 16.5x which is higher than its 3-year average PE of 15.0x.
  • The 3-year average PS ratio of 0.32x 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 grown 125% per year over the last three years.
  • Revenues for these companies have grown 42% 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 Nigerian Energy industry?

NG Market1.92%
Energy-3.21%
Oil and Gas-3.25%
Oil and Gas Refining and Marketing4.54%
Integrated Oil and Gas0%
Oil and Gas Exploration and Production0%
Coal and Fuels0%
Oil and Gas Storage and Transportation0%
Industry PE
  • Investors are most optimistic about the Oil and Gas Refining and Marketing industry even though it's trading below its 3-year average PE ratio of 14.2x.
    • Analysts are expecting annual earnings growth of 56.6%, which is lower than the prior year's growth of 71.9% per year.
  • Investors are most pessimistic about the Oil and Gas Refining and Marketing industry, which is trading below its 3-year average of 14.2x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 57% over the next 5 years.
  • However this is lower than its past earnings growth rate of 72% per year.
  • In contrast, the Oil and Gas Refining and Marketing industry is expected to see its earnings grow by 57% 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
MRS MRS Oil Nigeria₦217.8024.0%
+₦14.5b		107.4%PE10.9x
ETERNA Eterna₦30.0010.1%
+₦3.6b		125.6%PS0.1x
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MRS

₦217.80

MRS Oil Nigeria

7D

24.0%

1Y

107.4%

OANDO

₦65.80

Oando

7D

-3.9%

1Y

538.8%

ARADEL

₦600.00

Aradel Holdings

7D

-17.9%

1Y

n/a

ETERNA

₦30.00

Eterna

7D

10.1%

1Y

125.6%