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Nigerian (NSE) Oil and Gas Refining and Marketing Industry Analysis
UpdatedMar 15, 2025
DataAggregated Company Financials
Companies5
- 7D-5.2%
- 3M-2.6%
- 1Y124.7%
- YTDn/a
Over the last 7 days, the Oil and Gas Refining and Marketing industry has dropped 4.7%, driven by a pullback from Oando of 7.1%. Meanwhile, Eterna actually outperformed within the industry, gaining 11% in the last week. In the past year, the industry has gained 125%. Earnings are forecast to grow by 54% annually.
Industry Valuation and Performance
Has the Nigerian Oil and Gas Refining and Marketing Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 15 Mar 2025 | ₦557.3b | ₦2.0t | ₦48.9b | 12.4x | 11.4x | 0.3x |
| Mon, 10 Feb 2025 | ₦602.1b | ₦2.0t | ₦48.9b | 11.8x | 12.3x | 0.3x |
| Wed, 08 Jan 2025 | ₦557.8b | ₦1.7t | ₦48.6b | 10.9x | 11.5x | 0.3x |
| Fri, 06 Dec 2024 | ₦475.9b | ₦1.7t | ₦48.6b | 7.8x | 9.8x | 0.3x |
| Sun, 03 Nov 2024 | ₦406.0b | ₦1.6t | ₦47.7b | 7.8x | 8.5x | 0.3x |
| Tue, 01 Oct 2024 | ₦391.4b | ₦1.5t | ₦42.0b | 9.3x | 9.3x | 0.3x |
| Thu, 29 Aug 2024 | ₦356.2b | ₦1.5t | ₦42.0b | 8.5x | 8.5x | 0.2x |
| Sat, 27 Jul 2024 | ₦273.1b | ₦1.3t | ₦35.8b | 8.7x | 7.6x | 0.2x |
| Mon, 24 Jun 2024 | ₦251.8b | ₦1.2t | ₦34.4b | 7.6x | 7.3x | 0.2x |
| Wed, 22 May 2024 | ₦223.3b | ₦1.2t | ₦34.4b | 7x | 6.5x | 0.2x |
| Fri, 19 Apr 2024 | ₦366.3b | ₦1.0t | ₦26.6b | 9.1x | 13.8x | 0.4x |
| Sun, 17 Mar 2024 | ₦371.3b | ₦1.0t | ₦27.5b | 9.1x | 13.5x | 0.4x |
| Tue, 13 Feb 2024 | ₦400.0b | ₦1.0t | ₦27.5b | 9.1x | 14.6x | 0.4x |
| Thu, 11 Jan 2024 | ₦412.6b | ₦1.3t | ₦14.6b | 8.2x | 28.3x | 0.3x |
| Sat, 09 Dec 2023 | ₦393.3b | ₦1.3t | ₦14.6b | 8.5x | 26.9x | 0.3x |
| Mon, 06 Nov 2023 | ₦375.2b | ₦1.3t | ₦14.7b | 9.1x | 25.5x | 0.3x |
| Wed, 04 Oct 2023 | ₦362.0b | ₦1.2t | ₦13.5b | 8x | 26.8x | 0.3x |
| Fri, 01 Sep 2023 | ₦349.0b | ₦1.2t | ₦13.5b | 8x | 25.9x | 0.3x |
| Sun, 30 Jul 2023 | ₦364.8b | ₦1.2t | ₦11.0b | 9.5x | 33x | 0.3x |
| Tue, 27 Jun 2023 | ₦242.9b | ₦1.1t | ₦17.8b | 8.5x | 13.7x | 0.2x |
| Thu, 25 May 2023 | ₦156.6b | ₦1.1t | ₦16.6b | 5.2x | 9.5x | 0.1x |
| Sat, 22 Apr 2023 | ₦142.3b | ₦1.1t | ₦15.2b | 5.9x | 9.3x | 0.1x |
| Mon, 20 Mar 2023 | ₦193.1b | ₦1.1t | ₦16.4b | 4.8x | 11.8x | 0.2x |
| Wed, 15 Feb 2023 | ₦187.5b | ₦1.1t | ₦16.4b | 4.8x | 11.4x | 0.2x |
| Fri, 13 Jan 2023 | ₦174.6b | ₦1.0t | ₦12.0b | 4.2x | 14.6x | 0.2x |
| Sun, 11 Dec 2022 | ₦167.7b | ₦1.0t | ₦12.0b | 4.2x | 14x | 0.2x |
| Tue, 08 Nov 2022 | ₦168.8b | ₦984.3b | ₦14.1b | 4.2x | 12x | 0.2x |
| Thu, 06 Oct 2022 | ₦180.5b | ₦935.0b | ₦14.6b | 4.8x | 12.3x | 0.2x |
| Sat, 03 Sep 2022 | ₦193.6b | ₦935.6b | ₦14.6b | 4.8x | 13.3x | 0.2x |
| Mon, 01 Aug 2022 | ₦190.4b | ₦935.6b | ₦14.9b | 4.7x | 12.7x | 0.2x |
| Wed, 29 Jun 2022 | ₦131.7b | ₦860.4b | ₦19.6b | 6.2x | 6.7x | 0.2x |
| Fri, 27 May 2022 | ₦209.0b | ₦860.4b | ₦19.6b | 7.4x | 10.7x | 0.2x |
| Sun, 24 Apr 2022 | ₦203.6b | ₦823.4b | ₦17.5b | 5.9x | 11.7x | 0.2x |
| Tue, 22 Mar 2022 | ₦196.5b | ₦823.6b | ₦17.3b | 5.5x | 11.3x | 0.2x |
Price to Earnings Ratio
11.3x
Current Industry PE
- Investors are pessimistic on the Nigerian Oil and Gas Refining and Marketing industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 11.4x which is lower than its 3-year average PE of 14.3x.
- The industry is trading close to its 3-year average PS ratio of 0.25x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas Refining and Marketing industry have grown 41% per year over the last three years.
- Revenues for these companies have grown 34% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Nigerian Oil and Gas Refining and Marketing compare with similar industries?
| NG Market | -0.22% | |
| Energy | -1.06% | |
| Oil and Gas | -1.05% | |
| Oil and Gas Refining and Marketing | -5.21% | |
| Oil and Gas Exploration and Production | 0% | 0 |
| Oil and Gas Storage and Transportation | 0% | 0 |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ETERNA Eterna | ₦38.00 | 11.3% +₦5.0b | 150.8% | PE15.4x | |
| MRS MRS Oil Nigeria | ₦178.00 | 1.8% +₦1.1b | 31.9% | PE9.4x |