Should You Be Adding Equinor (OB:EQNR) To Your Watchlist Today?
Nov 29
Norwegian (OSEAX) Energy Sector Analysis
UpdatedNov 29, 2022
DataAggregated Company Financials
Companies60
- 7D4.5%
- 3M-5.8%
- 1Y51.3%
- YTD46.6%
The Energy industry is up 4.5% in the last week, with Equinor up 6.1%. In the same time, Hafnia was down 12%. This means that the industry has gained 51% over the past year. In the next few years, earnings are forecast to decline by 15% annually.
Sector Valuation and Performance
Has the Norwegian Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 30 Nov 2022 | kr1.7t | kr1.9t | kr325.9b | 7.5x | 5.3x | 0.9x |
| Fri, 28 Oct 2022 | kr1.8t | kr1.8t | kr236.3b | 9.7x | 7.5x | 1x |
| Sun, 25 Sep 2022 | kr1.6t | kr1.8t | kr239.5b | 7.6x | 6.6x | 0.9x |
| Tue, 23 Aug 2022 | kr1.8t | kr1.7t | kr220.1b | 9x | 8.1x | 1.1x |
| Thu, 21 Jul 2022 | kr1.6t | kr1.5t | kr172.8b | 9.6x | 9.4x | 1.1x |
| Sat, 18 Jun 2022 | kr1.6t | kr1.5t | kr174.5b | 9.8x | 9.1x | 1.1x |
| Mon, 16 May 2022 | kr1.5t | kr1.4t | kr129.4b | 9x | 11.7x | 1.1x |
| Wed, 13 Apr 2022 | kr1.5t | kr1.1t | kr89.4b | 10x | 16.5x | 1.4x |
| Fri, 11 Mar 2022 | kr1.3t | kr1.1t | kr90.4b | 9.3x | 14.5x | 1.2x |
| Sun, 06 Feb 2022 | kr1.2t | kr818.8b | kr38.6b | 9.6x | 30.7x | 1.4x |
| Tue, 04 Jan 2022 | kr1.1t | kr826.5b | kr38.8b | 9.2x | 27.9x | 1.3x |
| Thu, 02 Dec 2021 | kr990.9b | kr840.5b | kr39.7b | 7.8x | 25x | 1.2x |
| Sat, 30 Oct 2021 | kr974.8b | kr793.5b | kr34.9b | 7.2x | 27.9x | 1.2x |
| Mon, 27 Sep 2021 | kr899.6b | kr682.5b | kr3.2b | 5.8x | 279.3x | 1.3x |
| Wed, 25 Aug 2021 | kr819.4b | kr684.5b | kr2.9b | 5.4x | 283.1x | 1.2x |
| Thu, 01 Jul 2021 | kr834.9b | kr684.5b | kr2.9b | 5.8x | 288.5x | 1.2x |
| Sun, 04 Apr 2021 | kr775.4b | kr581.5b | -kr25,971,313,964.80 | 5.2x | -29.9x | 1.3x |
| Wed, 06 Jan 2021 | kr687.7b | kr572.8b | -kr64,365,903,237.01 | 4.3x | -10.7x | 1.2x |
| Sat, 10 Oct 2020 | kr578.9b | kr650.6b | -kr53,472,690,641.20 | 6.8x | -10.8x | 0.9x |
| Fri, 03 Jul 2020 | kr610.5b | kr722.3b | -kr43,646,924,198.05 | 7.8x | -14x | 0.8x |
| Mon, 06 Apr 2020 | kr563.1b | kr879.1b | -kr19,136,668,438.03 | 3.8x | -29.4x | 0.6x |
| Thu, 09 Jan 2020 | kr877.5b | kr769.5b | kr12.6b | 17.6x | 69.9x | 1.1x |
Price to Earnings Ratio
17.4x
Current Industry PE
- Investors are pessimistic on the Norwegian Energy 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 5.3x which is lower than its 3-year average PE of 99x.
- The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 0.89x.
Past Earnings Growth
- The earnings for companies in the Energy industry have grown 89% per year over the last three years.
- Revenues for these companies have grown 32% 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 Norwegian Energy sector?
| NO Market | 2.51% | |
| Energy | 4.53% | |
| Oil and Gas | 4.97% | |
| Energy Services | -0.35% | |
Industry PE
- Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio.
- Analysts are expecting annual earnings decline of 19.5%, which is lower than the prior year's growth of 143.0% per year.
- Investors are most pessimistic about the Energy Services industry, which is trading below its 3-year average of 549x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 47% over the next 5 years.
- This is better than its past earnings decline of 31% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings decline by 19% 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 | |
|---|---|---|---|---|---|
| EQNR Equinor | kr377.00 | 6.1% +kr68.0b | 64.8% | PE4.9x | |
| VAR Vår Energi | kr35.72 | 2.6% +kr2.2b | n/a | PE13.9x | |
| FLNG FLEX LNG | kr366.80 | 4.9% +kr905.6m | 71.4% | PE9x | |
| AKRBP Aker BP | kr339.60 | 0.4% +kr820.6m | 18.6% | PE11.4x | |
| OTL Odfjell Technology | kr31.70 | 28.6% +kr278.4m | n/a | PE5.9x |
