Header cover image

Norwegian (OSEAX) Energy Sector Analysis

UpdatedApr 17, 2024
DataAggregated Company Financials
Companies56
  • 7D2.2%
  • 3M4.8%
  • 1Y6.5%
  • YTD-2.3%

Over the last 7 days, the Energy industry has risen 2.2%, driven by gains from Equinor of 2.3%. In the last 12 months, the industry was up 6.5%. In the next few years, earnings are forecast to decline by 1.6% annually.

Sector Valuation and Performance

Has the Norwegian Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 17 Apr 2024kr1.5tkr1.7tkr181.9b8.2x8.2x0.9x
Fri, 15 Mar 2024kr1.4tkr1.7tkr178.7b7.3x7.8x0.8x
Sun, 11 Feb 2024kr1.4tkr1.7tkr178.8b6.7x7.7x0.8x
Tue, 09 Jan 2024kr1.6tkr1.7tkr235.4b7x6.6x0.9x
Thu, 07 Dec 2023kr1.6tkr1.8tkr248.3b6.2x6.3x0.9x
Sat, 04 Nov 2023kr1.7tkr1.8tkr249.5b7.9x7x1x
Mon, 02 Oct 2023kr1.7tkr2.0tkr312.6b7.4x5.3x0.8x
Wed, 30 Aug 2023kr1.6tkr1.9tkr308.2b7.3x5.1x0.8x
Fri, 28 Jul 2023kr1.5tkr1.8tkr285.0b9x5.2x0.8x
Sun, 25 Jun 2023kr1.5tkr2.1tkr359.0b7.9x4.1x0.7x
Tue, 23 May 2023kr1.5tkr2.1tkr402.2b8.8x3.6x0.7x
Thu, 20 Apr 2023kr1.5tkr2.1tkr352.3b9x4.2x0.7x
Sat, 18 Mar 2023kr1.4tkr2.1tkr395.5b7.2x3.6x0.7x
Mon, 13 Feb 2023kr1.6tkr2.0tkr378.0b8x4.3x0.8x
Wed, 11 Jan 2023kr1.5tkr1.9tkr327.5b7.6x4.6x0.8x
Fri, 09 Dec 2022kr1.7tkr1.9tkr327.3b7.5x5.2x0.9x
Sun, 06 Nov 2022kr1.9tkr2.0tkr331.4b8.8x5.6x0.9x
Tue, 04 Oct 2022kr1.7tkr1.8tkr241.6b8.5x7.1x1x
Thu, 01 Sep 2022kr1.8tkr1.7tkr221.8b9.2x8.1x1.1x
Sat, 30 Jul 2022kr1.7tkr386.6bkr58.7b9.7x29.3x4.4x
Mon, 27 Jun 2022kr1.5tkr1.4tkr171.6b9.2x8.6x1x
Wed, 25 May 2022kr1.6tkr1.4tkr127.0b9.8x12.2x1.1x
Fri, 22 Apr 2022kr1.5tkr1.1tkr91.0b10x16.5x1.4x
Sun, 20 Mar 2022kr1.2tkr1.1tkr88.6b9.1x14x1.2x
Tue, 15 Feb 2022kr1.2tkr1.0tkr93.4b9x12.9x1.2x
Thu, 13 Jan 2022kr1.1tkr809.8bkr38.2b10.3x29.6x1.4x
Sat, 11 Dec 2021kr1.0tkr834.1bkr39.3b7.9x25.6x1.2x
Mon, 08 Nov 2021kr1.0tkr794.1bkr36.9b8.7x27.4x1.3x
Wed, 06 Oct 2021kr1.0tkr675.5bkr3.3b6.4x302.9x1.5x
Fri, 03 Sep 2021kr846.7bkr684.5bkr2.9b5.5x292.5x1.2x
Sun, 01 Aug 2021kr780.9bkr684.5bkr2.9b5.2x269.8x1.1x
Wed, 05 May 2021kr782.0bkr581.5b-kr25,971,313,964.805.3x-30.1x1.3x
Price to Earnings Ratio

-30.1x


Total Market Cap: kr782.0bTotal Earnings: -kr25,971,313,964.80Total Revenue: kr581.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Sector Price to Earnings3Y Average 103.9x202220232024
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 8.2x which is lower than its 3-year average PE of 104x.
  • The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 0.87x.
Past Earnings Growth
  • Total earnings for the Energy industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 43% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Trends

Which industries have driven the changes within the Norwegian Energy sector?

NO Market0.72%
Energy2.18%
Oil and Gas2.31%
Energy Services1.25%
Industry PE
  • Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 545x.
    • Analysts are expecting annual earnings growth of 34.7%, which is lower than the prior year's growth of 44.3% per year.
  • Investors are most pessimistic about the Oil and Gas industry, which is trading below its 3-year average of 123x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 35% over the next 5 years.
  • However this is lower than its past earnings growth rate of 44% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings decline by 6.8% 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
EQNR Equinorkr304.402.3%
+kr20.3b		-0.2%PE6.8x
VAR Vår Energikr38.393.6%
+kr3.4b		49.6%PE14.5x
AKRBP Aker BPkr292.601.5%
+kr2.7b		10.8%PE12.6x
HAFNI Hafniakr81.353.4%
+kr1.3b		28.1%PE4.7x
SUBC Subsea 7kr182.001.7%
+kr928.4m		49.3%PE322x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy Policy
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

SUBC

kr182.00

Subsea 7

7D

1.7%

1Y

49.3%

Subsea 7 S.A.'s (OB:SUBC) Shares May Have Run Too Fast Too Soon

Apr 17
Subsea 7 S.A.'s (OB:SUBC) Shares May Have Run Too Fast Too Soon

AKSO

kr38.70

Aker Solutions

7D

-3.5%

1Y

3.3%

VAR

kr38.39

Vår Energi

7D

3.6%

1Y

49.6%

OET

kr338.50

Okeanis Eco Tankers

7D

4.2%

1Y

29.7%

Is Now The Time To Put Okeanis Eco Tankers (OB:OET) On Your Watchlist?

Apr 15
Is Now The Time To Put Okeanis Eco Tankers (OB:OET) On Your Watchlist?

TGS

kr135.00

TGS

7D

3.8%

1Y

-20.4%

AKRBP

kr292.60

Aker BP

7D

1.5%

1Y

10.8%

Here's Why Aker BP (OB:AKRBP) Has A Meaningful Debt Burden

Apr 12
Here's Why Aker BP (OB:AKRBP) Has A Meaningful Debt Burden

DDRIL

kr6.40

Dolphin Drilling

7D

-4.3%

1Y

-53.1%

EQNR

kr304.40

Equinor

7D

2.3%

1Y

-0.2%

Is Equinor (OB:EQNR) Using Too Much Debt?

Apr 10
Is Equinor (OB:EQNR) Using Too Much Debt?

AKAST

kr10.84

Akastor

7D

-1.3%

1Y

-7.0%

We Think Some Shareholders May Hesitate To Increase Akastor ASA's (OB:AKAST) CEO Compensation

Apr 10
We Think Some Shareholders May Hesitate To Increase Akastor ASA's (OB:AKAST) CEO Compensation

HAFNI

kr81.35

Hafnia

7D

3.4%

1Y

28.1%

BORR

kr63.15

Borr Drilling

7D

-2.2%

1Y

-19.9%

ODL

kr52.10

Odfjell Drilling

7D

7.4%

1Y

100.4%

Odfjell Drilling (OB:ODL) Has A Pretty Healthy Balance Sheet

Apr 03
Odfjell Drilling (OB:ODL) Has A Pretty Healthy Balance Sheet

ARCH

kr1.10

Archer

7D

-2.8%

1Y

5.1%

Archer Limited's (OB:ARCH) Price Is Right But Growth Is Lacking After Shares Rocket 25%

Mar 31
Archer Limited's (OB:ARCH) Price Is Right But Growth Is Lacking After Shares Rocket 25%

PRS

kr46.80

Prosafe

7D

-5.9%

1Y

-67.9%

EFUEL

kr11.70

Everfuel

7D

-6.5%

1Y

-61.0%

OTL

kr61.10

Odfjell Technology

7D

-3.3%

1Y

9.1%