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Nigerian (NSE) Oil and Gas Industry Analysis

UpdatedJan 26, 2025
DataAggregated Company Financials
Companies5
  • 7D-2.3%
  • 3M-3.0%
  • 1Y135.7%
  • YTD-8.4%

Over the last 7 days, the Oil and Gas industry has dropped 2.3%, driven by a pullback from Aradel Holdings of 2.9%. In the past year, the industry has gained 136%. Earnings are forecast to grow by 34% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Jan 2025₦2.9t₦2.1t₦193.0b13.2x15.1x1.4x
Tue, 24 Dec 2024₦3.2t₦2.1t₦193.0b14x16.4x1.5x
Thu, 21 Nov 2024₦2.8t₦2.1t₦192.1b11.2x14.4x1.3x
Sat, 19 Oct 2024₦3.1t₦1.5t₦42.0b9.3x74.1x2.1x
Mon, 16 Sep 2024₦391.4b₦1.5t₦42.0b9.3x9.3x0.3x
Wed, 14 Aug 2024₦305.7b₦1.5t₦42.0b7.6x7.3x0.2x
Fri, 12 Jul 2024₦273.1b₦1.3t₦35.8b8.7x7.6x0.2x
Sun, 09 Jun 2024₦228.9b₦1.2t₦34.4b7.6x6.6x0.2x
Tue, 07 May 2024₦224.2b₦1.2t₦34.4b7x6.5x0.2x
Thu, 04 Apr 2024₦371.9b₦1.0t₦27.4b9.1x13.6x0.4x
Sat, 02 Mar 2024₦370.0b₦1.0t₦27.5b9.1x13.5x0.4x
Mon, 29 Jan 2024₦455.3b₦1.3t₦14.8b9.1x30.8x0.4x
Wed, 27 Dec 2023₦399.7b₦1.3t₦14.8b9.1x27x0.3x
Fri, 24 Nov 2023₦417.1b₦1.3t₦14.8b9.3x28.2x0.3x
Sun, 22 Oct 2023₦380.7b₦1.2t₦13.7b9x27.8x0.3x
Tue, 19 Sep 2023₦407.1b₦1.2t₦13.7b9x29.7x0.3x
Thu, 17 Aug 2023₦361.7b₦1.2t₦13.7b9x26.4x0.3x
Sat, 15 Jul 2023₦371.9b₦1.1t₦17.9b10.5x20.7x0.3x
Mon, 12 Jun 2023₦208.9b₦1.1t₦19.2b7.2x10.9x0.2x
Wed, 10 May 2023₦154.9b₦1.1t₦16.8b5.4x9.2x0.1x
Fri, 07 Apr 2023₦214.0b₦1.1t₦16.6b4.5x12.9x0.2x
Sun, 05 Mar 2023₦211.6b₦1.1t₦16.6b5.3x12.7x0.2x
Tue, 31 Jan 2023₦186.8b₦1.0t₦14.0b5.5x13.3x0.2x
Thu, 29 Dec 2022₦173.8b₦1.0t₦12.2b4.6x14.3x0.2x
Sat, 26 Nov 2022₦167.3b₦1.0t₦12.2b4.6x13.7x0.2x
Mon, 24 Oct 2022₦175.5b₦937.5b₦14.8b7x11.8x0.2x
Wed, 21 Sep 2022₦186.1b₦938.1b₦14.8b7.5x12.6x0.2x
Fri, 19 Aug 2022₦192.2b₦938.1b₦14.8b7.5x13x0.2x
Sun, 17 Jul 2022₦201.2b₦884.4b₦16.6b8.3x12.1x0.2x
Tue, 14 Jun 2022₦214.4b₦862.6b₦19.8b8.9x10.8x0.2x
Thu, 12 May 2022₦211.6b₦862.6b₦19.8b9.8x10.7x0.2x
Sat, 09 Apr 2022₦186.4b₦825.2b₦17.5b8.4x10.6x0.2x
Mon, 07 Mar 2022₦200.5b₦825.6b₦17.5b10.1x11.4x0.2x
Wed, 02 Feb 2022₦189.7b₦794.3b₦21.2b13.9x9x0.2x
Price to Earnings Ratio

9x


Total Market Cap: ₦189.7bTotal Earnings: ₦21.2bTotal Revenue: ₦794.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Nigerian Oil and Gas Industry Price to Earnings3Y Average 15.1x202320242025
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 15.1x.
  • The 3-year average PS ratio of 0.35x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have grown 109% per year over the last three years.
  • Revenues for these companies have grown 39% 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 Market1.14%
Energy-2.26%
Oil and Gas-2.33%
Integrated Oil and Gas0%0
Oil and Gas Exploration and Production0%0
Oil and Gas Refining and Marketing0%0
Coal and Fuels0%0
Oil and Gas Storage and Transportation0%0
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 14.3x.
    • 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 14.3x.
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
OANDO Oando₦72.000.3%
+₦2.5b		473.7%PE33x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
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Latest News

OANDO

₦72.00

Oando

7D

0.3%

1Y

473.7%

ETERNA

₦27.50

Eterna

7D

-1.6%

1Y

0.2%

ARADEL

₦540.00

Aradel Holdings

7D

-2.9%

1Y

n/a