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Nigerian (NSE) Oil and Gas Industry Analysis

UpdatedNov 25, 2021
DataAggregated Company Financials
Companies9
  • 7D0.7%
  • 3M3.4%
  • 1Y50.3%
  • YTD35.9%

Over the last 7 days, the Oil and Gas industry has dropped 5.1%, driven by a pullback from TotalEnergies Marketing Nigeria of 10.0%. This takes the industry's 12 month performance to a gain of 39%.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPE
Fri, 26 Nov 2021₦186.8b₦740.3b₦17.0b10.7x
Sun, 24 Oct 2021₦188.8b₦677.3b₦13.6b7.8x
Tue, 21 Sep 2021₦178.5b₦677.3b₦13.6b7.4x
Thu, 19 Aug 2021₦182.0b₦1.3t₦42.3b7.2x
Thu, 03 Jun 2021₦137.5b₦1.2t₦36.9b8.8x
Sun, 07 Mar 2021₦143.2b₦1.2t₦31.9b12.7x
Wed, 09 Dec 2020₦127.6b₦1.2t₦32.3b14.8x
Tue, 01 Sep 2020₦94.0b₦1.3t₦30.0b12.6x
Fri, 05 Jun 2020₦115.1b₦1.5t₦31.6b13.5x
Mon, 09 Mar 2020₦115.6b₦1.5t₦35.2b6.3x
Sun, 01 Dec 2019₦133.3b₦1.5t₦29.1b7x
Wed, 04 Sep 2019₦129.7b₦1.6t₦26.6b7.1x
Sat, 08 Jun 2019₦174.7b₦1.6t₦31.4b6.8x
Fri, 01 Mar 2019₦207.7b₦1.6t₦28.3b6.9x
Mon, 03 Dec 2018₦184.2b₦1.5t₦25.2b6.9x
PE Ratio

6.9x

Total Market Cap: ₦184.2bTotal Earnings: ₦25.2bTotal Revenue: ₦1.5t0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 9.4x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Oil and Gas industry have declined 12% per year over the last three years, and revenues have also declined 21% 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 Oil and Gas industry?

Oil and Gas Refining and Marketing0.67%
Oil and Gas Storage and Transportation0%

Industry PE: Investors are most optimistic about the Oil and Gas Storage and Transportation industry, which is trading close to its 3-year average PE ratio of 20.9x. It looks like they are confident that earnings will grow faster in the future than they have historically. Meanwhile, investors are most pessimistic about the Oil and Gas Refining and Marketing industry, which is trading below its 3-year average of 8.1x.

Forecasted Growth: Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 8.7% over the next 5 years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
OANDO Oando0.8%+₦497.3m65.2%n/a
CONOIL Conoil2.5%+₦381.7m6.7%PE7.1x
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Latest News

ETERNA

₦6.05

Eterna

7D

-17.2%

1Y

34.1%

OANDO

₦4.89

Oando

7D

0.8%

1Y

65.2%