Header cover image

Nigerian (NSE) Oil and Gas Industry Analysis

UpdatedDec 06, 2022
DataAggregated Company Financials
Companies9
  • 7D1.1%
  • 3M-12.9%
  • 1Y-5.7%
  • YTD-3.9%

Over the last 7 days, the Oil and Gas industry has remained flat, although notably Ardova gained 9.7%. As for the longer term, the industry has declined 6.6% in the last year. As for the next few years, earnings are expected to grow by 37% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Dec 2022₦168.7b₦1.0t₦12.2b4.6x13.9x0.2x
Fri, 04 Nov 2022₦173.4b₦993.4b₦11.6b6.3x14.9x0.2x
Sun, 02 Oct 2022₦184.9b₦938.1b₦14.8b7.5x12.5x0.2x
Tue, 30 Aug 2022₦193.1b₦938.1b₦14.8b7.5x13.1x0.2x
Thu, 28 Jul 2022₦194.4b₦884.4b₦16.6b8.3x11.7x0.2x
Sat, 25 Jun 2022₦135.8b₦862.6b₦19.8b8.6x6.9x0.2x
Mon, 23 May 2022₦215.3b₦862.6b₦19.8b10.1x10.9x0.2x
Wed, 20 Apr 2022₦190.2b₦825.4b₦17.6b8.4x10.8x0.2x
Fri, 18 Mar 2022₦200.9b₦825.6b₦17.5b9.8x11.4x0.2x
Sun, 13 Feb 2022₦203.2b₦814.8b₦20.4b13.9x10x0.2x
Tue, 11 Jan 2022₦182.7b₦740.3b₦17.0b10.8x10.8x0.2x
Thu, 09 Dec 2021₦179.1b₦740.3b₦17.0b10.9x10.6x0.2x
Sat, 06 Nov 2021₦196.4b₦740.3b₦17.0b11.7x11.6x0.3x
Mon, 04 Oct 2021₦185.8b₦677.3b₦13.6b7.9x13.6x0.3x
Wed, 01 Sep 2021₦176.4b₦1.3t₦42.3b7.2x4.2x0.1x
Thu, 08 Jul 2021₦142.5b₦1.3t₦42.3b6.4x3.4x0.1x
Wed, 31 Mar 2021₦133.3b₦1.2t₦36.9b8.9x3.6x0.1x
Sat, 02 Jan 2021₦137.1b₦1.2t₦31.9b10x4.3x0.1x
Tue, 06 Oct 2020₦97.4b₦1.2t₦32.3b11x3x0.08x
Fri, 10 Jul 2020₦103.1b₦1.3t₦30.0b16x3.4x0.08x
Thu, 02 Apr 2020₦96.9b₦1.5t₦31.6b12.6x3.1x0.07x
Sun, 05 Jan 2020₦137.4b₦1.5t₦35.2b6.5x3.9x0.09x
Price to Earnings Ratio

3.9x


Total Market Cap: ₦137.4bTotal Earnings: ₦35.2bTotal Revenue: ₦1.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Oil and Gas Industry Price to Earnings3Y Average 7x20212022
Current Industry PE
  • Investors are optimistic on the Nigerien Oil and Gas industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 13.9x which is higher than its 3-year average PE of 7.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.15x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have declined 30% per year over the last three years,
  • Revenues have also declined 13% 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 Market2.14%
Energy1.15%
Oil and Gas1.08%
Oil and Gas Refining and Marketing1.10%
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 above its 3-year average PE ratio of 6.9x.
    • Analysts are expecting annual earnings growth of 37.4%, which is lower than the prior year's growth of 68.4% per year.
  • Investors are most pessimistic about the Oil and Gas Storage and Transportation industry, which is trading below its 3-year average of 23.2x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 37% over the next 5 years.
  • However this is lower than its past earnings growth rate of 68% per year.
  • In contrast, the Oil and Gas Refining and Marketing industry is expected to see its earnings grow by 37% 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
ARDOVA Ardova₦15.259.7%
+₦1.8b
12.1%PS0.08x
ETERNA Eterna₦6.448.8%
+₦678.2m
11.0%PS0.07x
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

ETERNA

₦6.44

Eterna

7D

8.8%

1Y

11.0%

ARDOVA

₦15.25

Ardova

7D

9.7%

1Y

12.1%

OANDO

₦3.90

Oando

7D

-1.3%

1Y

-13.3%