Nigerian (NSE) Oil and Gas Industry Analysis
UpdatedDec 01, 2023
DataAggregated Company Financials
Companies9
- 7D-1.1%
- 3M16.5%
- 1Y147.6%
- YTD138.5%
Over the last 7 days, the Oil and Gas industry has dropped 1.1%, driven by Eterna declining 3.3%. Over the past 12 months, the industry was up 148%. As for the next few years, earnings are expected to grow by 27% per annum.
Industry Valuation and Performance
Has the Nigerian Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 01 Dec 2023 | ₦415.5b | ₦1.3t | ₦14.8b | 9.3x | 28.1x | 0.3x |
| Sun, 29 Oct 2023 | ₦380.3b | ₦1.2t | ₦12.4b | 9.3x | 30.5x | 0.3x |
| Tue, 26 Sep 2023 | ₦406.6b | ₦1.2t | ₦13.7b | 9x | 29.7x | 0.3x |
| Thu, 24 Aug 2023 | ₦357.4b | ₦1.2t | ₦13.7b | 9x | 26.1x | 0.3x |
| Sat, 22 Jul 2023 | ₦372.2b | ₦1.1t | ₦17.9b | 10.5x | 20.7x | 0.3x |
| Mon, 19 Jun 2023 | ₦236.0b | ₦1.1t | ₦17.9b | 8.3x | 13.2x | 0.2x |
| Wed, 17 May 2023 | ₦165.2b | ₦1.1t | ₦16.8b | 5.4x | 9.9x | 0.1x |
| Fri, 14 Apr 2023 | ₦213.6b | ₦1.1t | ₦15.5b | 6.4x | 13.7x | 0.2x |
| Sun, 12 Mar 2023 | ₦199.1b | ₦1.1t | ₦16.6b | 5x | 12x | 0.2x |
| Tue, 07 Feb 2023 | ₦183.9b | ₦1.1t | ₦16.6b | 4.6x | 11.1x | 0.2x |
| Thu, 05 Jan 2023 | ₦173.6b | ₦1.0t | ₦12.2b | 4.6x | 14.2x | 0.2x |
| Sat, 03 Dec 2022 | ₦168.7b | ₦1.0t | ₦12.2b | 4.6x | 13.9x | 0.2x |
| Mon, 31 Oct 2022 | ₦174.6b | ₦1.0t | ₦11.6b | 4.7x | 15.1x | 0.2x |
| Wed, 28 Sep 2022 | ₦183.7b | ₦938.1b | ₦14.8b | 7.5x | 12.5x | 0.2x |
| Fri, 26 Aug 2022 | ₦192.7b | ₦938.1b | ₦14.8b | 7.5x | 13.1x | 0.2x |
| Sun, 24 Jul 2022 | ₦196.5b | ₦884.4b | ₦16.6b | 8.3x | 11.8x | 0.2x |
| Tue, 21 Jun 2022 | ₦204.6b | ₦862.6b | ₦19.8b | 8.6x | 10.3x | 0.2x |
| Thu, 19 May 2022 | ₦215.1b | ₦862.6b | ₦19.8b | 9.8x | 10.9x | 0.2x |
| Sat, 16 Apr 2022 | ₦190.3b | ₦825.4b | ₦17.6b | 8.4x | 10.8x | 0.2x |
| Mon, 14 Mar 2022 | ₦201.7b | ₦825.6b | ₦17.5b | 9.9x | 11.5x | 0.2x |
| Wed, 09 Feb 2022 | ₦191.7b | ₦814.8b | ₦20.4b | 13.9x | 9.4x | 0.2x |
| Fri, 07 Jan 2022 | ₦182.4b | ₦740.3b | ₦17.0b | 10.3x | 10.8x | 0.2x |
| Sun, 05 Dec 2021 | ₦180.7b | ₦740.3b | ₦17.0b | 10.9x | 10.7x | 0.2x |
| Tue, 02 Nov 2021 | ₦201.8b | ₦740.3b | ₦16.9b | 12x | 11.9x | 0.3x |
| Thu, 30 Sep 2021 | ₦186.2b | ₦677.3b | ₦13.6b | 7.9x | 13.7x | 0.3x |
| Sat, 28 Aug 2021 | ₦181.7b | ₦1.3t | ₦42.3b | 7.2x | 4.3x | 0.1x |
| Sun, 04 Jul 2021 | ₦142.5b | ₦1.3t | ₦42.3b | 6.4x | 3.4x | 0.1x |
| Wed, 07 Apr 2021 | ₦133.3b | ₦1.2t | ₦36.9b | 8.9x | 3.6x | 0.1x |
| Sat, 09 Jan 2021 | ₦137.1b | ₦1.2t | ₦31.9b | 10x | 4.3x | 0.1x |
Price to Earnings Ratio
4x
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 28.1x which is higher than its 3-year average PE of 12.0x.
- The industry is trading close to its 3-year average PS ratio of 0.20x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas industry have declined 23% per year over the last three years.
- Meanwhile revenues have remained mostly flat.
- This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Nigerian Energy industry?
| NG Market | -0.19% | |
| Energy | -1.24% | |
| Oil and Gas | -1.10% | |
| Integrated Oil and Gas | 0% | |
| Oil and Gas Exploration and Production | 0% | |
| Coal and Fuels | 0% | |
| Oil and Gas Storage and Transportation | 0% | |
| Oil and Gas Refining and Marketing | -1.11% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Refining and Marketing industry which is trading above its 3-year average PE ratio of 12.0x.
- Analysts are expecting annual earnings growth of 26.6%, which is lower than the prior year's growth of 142.1% per year.
- Investors are most pessimistic about the Oil and Gas Storage and Transportation industry, which is trading below its 3-year average of 15.5x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 27% over the next 5 years.
- However this is lower than its past earnings growth rate of 142% per year.
- In contrast, the Oil and Gas Refining and Marketing industry is expected to see its earnings grow by 27% 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 | |
|---|---|---|---|---|---|
| OANDO Oando | ₦11.80 | 0.9% +₦1.2b | 202.6% | n/a |