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Nigerian (NSE) Oil and Gas Industry Analysis

UpdatedMar 28, 2024
DataAggregated Company Financials
Companies6
  • 7D1.7%
  • 3M6.6%
  • 1Y118.7%
  • YTD4.5%

Over the last 7 days, the Oil and Gas industry has risen 2.5%, driven by gains from every company within the industry. This takes the industry's 12 month performance to a gain of 130%. As for the next few years, earnings are expected to grow by 46% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 Mar 2024₦377.5b₦1.0t₦27.5b9.1x13.7x0.4x
Sat, 24 Feb 2024₦375.8b₦1.0t₦27.5b9.1x13.7x0.4x
Mon, 22 Jan 2024₦446.4b₦1.3t₦14.8b9.1x30.2x0.3x
Wed, 20 Dec 2023₦399.0b₦1.3t₦14.8b9.1x27x0.3x
Fri, 17 Nov 2023₦415.0b₦1.3t₦14.8b9.3x28x0.3x
Sun, 15 Oct 2023₦382.7b₦1.2t₦13.7b9x27.9x0.3x
Tue, 12 Sep 2023₦378.0b₦1.2t₦13.7b9x27.6x0.3x
Thu, 10 Aug 2023₦364.7b₦1.2t₦13.7b9x26.6x0.3x
Sat, 08 Jul 2023₦364.7b₦1.1t₦17.9b9.9x20.3x0.3x
Mon, 05 Jun 2023₦197.8b₦1.1t₦19.2b6x10.3x0.2x
Wed, 03 May 2023₦146.7b₦1.1t₦16.8b4.9x8.8x0.1x
Fri, 31 Mar 2023₦205.2b₦1.1t₦16.6b5x12.3x0.2x
Sun, 26 Feb 2023₦197.8b₦1.1t₦16.6b5x11.9x0.2x
Tue, 24 Jan 2023₦183.0b₦1.0t₦12.2b5.1x15x0.2x
Thu, 22 Dec 2022₦171.8b₦1.0t₦12.2b4.6x14.1x0.2x
Sat, 19 Nov 2022₦165.6b₦1.0t₦12.2b4.6x13.6x0.2x
Mon, 17 Oct 2022₦180.7b₦937.5b₦14.8b7.5x12.2x0.2x
Wed, 14 Sep 2022₦195.4b₦938.1b₦14.8b7.5x13.2x0.2x
Fri, 12 Aug 2022₦194.2b₦938.1b₦14.8b7.5x13.2x0.2x
Sun, 10 Jul 2022₦201.1b₦884.4b₦16.6b8.3x12.1x0.2x
Tue, 07 Jun 2022₦214.6b₦862.6b₦19.8b8.4x10.9x0.2x
Thu, 05 May 2022₦209.9b₦862.6b₦19.8b9.3x10.6x0.2x
Sat, 02 Apr 2022₦184.6b₦825.6b₦17.5b9.6x10.5x0.2x
Mon, 28 Feb 2022₦201.9b₦814.8b₦20.4b14x9.9x0.2x
Wed, 26 Jan 2022₦183.8b₦743.0b₦16.7b11x11x0.2x
Fri, 24 Dec 2021₦177.5b₦740.3b₦17.0b10.8x10.5x0.2x
Sun, 21 Nov 2021₦184.3b₦740.3b₦17.0b10.6x10.9x0.2x
Tue, 19 Oct 2021₦185.6b₦677.3b₦13.6b7.8x13.6x0.3x
Thu, 16 Sep 2021₦177.3b₦1.3t₦42.3b7.2x4.2x0.1x
Sat, 14 Aug 2021₦183.0b₦1.3t₦42.3b7.2x4.3x0.1x
Wed, 09 Jun 2021₦137.5b₦1.2t₦36.9b8.8x3.7x0.1x
Price to Earnings Ratio

3.6x


Total Market Cap: ₦133.3bTotal Earnings: ₦36.9bTotal Revenue: ₦1.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Oil and Gas Industry Price to Earnings3Y Average 13.7x202220232024
Current Industry PE
  • Investors are relatively neutral on the Nigerian Oil and Gas industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 13.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.23x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 9.4% per year over the last three years,
  • Revenues have also declined 4.7% 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 Nigerian Energy industry?

NG Market0.45%
Energy1.44%
Oil and Gas1.67%
Oil and Gas Refining and Marketing1.67%
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, which is trading close to its 3-year average PE ratio of 13.7x.
    • Analysts are expecting annual earnings growth of 46.1%, which is lower than the prior year's growth of 94.2% per year.
  • Investors are most pessimistic about the Oil and Gas Refining and Marketing industry, which is trading close to its 3-year average of 13.7x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 46% over the next 5 years.
  • However this is lower than its past earnings growth rate of 94% per year.
  • In contrast, the Oil and Gas Refining and Marketing industry is expected to see its earnings grow by 46% 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
OANDO Oando₦12.004.3%
+₦6.2b
144.4%n/a
ETERNA Eterna₦16.550.3%
+₦65.2m
143.4%PS0.1x
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Latest News

OANDO

₦12.00

Oando

7D

4.3%

1Y

144.4%

ETERNA

₦16.55

Eterna

7D

0.3%

1Y

143.4%