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Norwegian (OSEAX) Energy Sector Analysis

UpdatedOct 22, 2024
DataAggregated Company Financials
Companies54
  • 7D-2.7%
  • 3M-9.4%
  • 1Y-21.3%
  • YTD-13.7%

Over the last 7 days, the Energy industry has dropped 4.1%, driven by Equinor declining 4.0%. Overall the industry is down 23% in 12 months. Earnings are forecast to be flat in the coming years.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 22 Oct 2024NOK 1.3tNOK 1.7tNOK 165.5b6.1x7.6x0.7x
Thu, 19 Sep 2024NOK 1.3tNOK 1.6tNOK 159.7b6.2x7.9x0.8x
Sat, 17 Aug 2024NOK 1.4tNOK 1.6tNOK 158.0b8x8.7x0.8x
Mon, 15 Jul 2024NOK 1.4tNOK 1.6tNOK 155.8b7x9x0.9x
Wed, 12 Jun 2024NOK 1.5tNOK 1.6tNOK 158.3b7.9x9.3x0.9x
Fri, 10 May 2024NOK 1.5tNOK 1.7tNOK 160.0b8.7x9.3x0.9x
Sun, 07 Apr 2024NOK 1.5tNOK 1.7tNOK 177.7b8.2x8.2x0.9x
Tue, 05 Mar 2024NOK 1.3tNOK 1.7tNOK 180.4b7.2x7.5x0.8x
Thu, 01 Feb 2024NOK 1.5tNOK 1.8tNOK 238.9b6.6x6.2x0.8x
Sat, 30 Dec 2023NOK 1.6tNOK 1.7tNOK 230.3b6.8x6.8x0.9x
Mon, 27 Nov 2023NOK 1.7tNOK 1.8tNOK 241.5b6.4x7x1x
Wed, 25 Oct 2023NOK 1.7tNOK 2.0tNOK 324.5b7.5x5.4x0.9x
Fri, 22 Sep 2023NOK 1.7tNOK 2.0tNOK 314.5b7.4x5.3x0.8x
Sun, 20 Aug 2023NOK 1.6tNOK 1.9tNOK 305.1b9x5.1x0.8x
Tue, 18 Jul 2023NOK 1.5tNOK 2.0tNOK 335.2b8.2x4.3x0.7x
Thu, 15 Jun 2023NOK 1.5tNOK 2.0tNOK 349.8b8.3x4.3x0.7x
Sat, 13 May 2023NOK 1.5tNOK 2.1tNOK 392.5b9.1x3.7x0.7x
Mon, 10 Apr 2023NOK 1.5tNOK 2.1tNOK 349.6b8.2x4.3x0.7x
Wed, 08 Mar 2023NOK 1.6tNOK 2.1tNOK 395.2b8x4x0.8x
Fri, 03 Feb 2023NOK 1.5tNOK 1.9tNOK 329.4b7.7x4.5x0.8x
Sun, 01 Jan 2023NOK 1.7tNOK 1.9tNOK 321.2b7.5x5.2x0.9x
Tue, 29 Nov 2022NOK 1.7tNOK 1.9tNOK 325.9b7.5x5.3x0.9x
Thu, 27 Oct 2022NOK 1.7tNOK 1.8tNOK 236.8b9.7x7.2x1x
Sat, 24 Sep 2022NOK 1.6tNOK 1.8tNOK 239.5b7.6x6.6x0.9x
Mon, 22 Aug 2022NOK 1.8tNOK 1.7tNOK 219.1b9.1x8x1.1x
Wed, 20 Jul 2022NOK 1.5tNOK 1.5tNOK 176.3b9x8.8x1x
Fri, 17 Jun 2022NOK 1.6tNOK 1.5tNOK 174.2b9x9.1x1.1x
Sun, 15 May 2022NOK 1.5tNOK 1.4tNOK 129.4b9x11.7x1.1x
Tue, 12 Apr 2022NOK 1.5tNOK 1.1tNOK 90.0b9.8x16.2x1.4x
Thu, 10 Mar 2022NOK 1.3tNOK 1.1tNOK 89.8b9.6x14.6x1.2x
Sat, 05 Feb 2022NOK 1.2tNOK 818.8bNOK 38.6b9.6x30.7x1.4x
Mon, 03 Jan 2022NOK 1.1tNOK 820.5bNOK 38.6b8.8x27.9x1.3x
Wed, 01 Dec 2021NOK 983.5bNOK 848.0bNOK 40.0b7.6x24.6x1.2x
Fri, 29 Oct 2021NOK 1.0tNOK 773.5bNOK 32.6b7.5x31.2x1.3x
Price to Earnings Ratio

31.2x


Total Market Cap: NOK 1.0tTotal Earnings: NOK 32.6bTotal Revenue: NOK 773.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Sector Price to Earnings3Y Average 75.8x202220232024
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 7.5x which is lower than its 3-year average PE of 76.0x.
  • The 3-year average PS ratio of 4.0x is higher than the industry's current PS ratio of 0.74x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have grown 277% per year over the last three years.
  • Revenues for these companies have grown 36% 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-0.98%
Energy-2.67%
Energy Services-1.48%
Oil and Gas-2.87%
Industry PE
  • Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 539x.
    • Analysts are expecting annual earnings growth of 29.9%, which is lower than the prior year's growth of 46.9% per year.
  • Investors are most pessimistic about the Oil and Gas industry, which is trading below its 3-year average of 16.8x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 30% over the next 5 years.
  • However this is lower than its past earnings growth rate of 47% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings decline by 5.5% 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
AKSO Aker SolutionsNOK 44.005.9%
+NOK 1.2b		7.3%PE14.2x
SHLF Shelf DrillingNOK 18.34-4.4%
NOK 590.8m		-42.5%PE30.8x
VTURA Ventura Offshore HoldingNOK 29.756.6%
+NOK 195.6m		n/an/a
BNOR BlueNordNOK 504.001.3%
+NOK 172.2m		-8.2%PE42x
ODL Odfjell DrillingNOK 52.701.3%
+NOK 167.9m		40.2%PE4.8x
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Latest News

BNOR

NOK 504.00

BlueNord

7D

1.3%

1Y

-8.2%

SUBC

NOK 176.50

Subsea 7

7D

-4.3%

1Y

24.5%

Shareholders Should Be Pleased With Subsea 7 S.A.'s (OB:SUBC) Price

Oct 18
Shareholders Should Be Pleased With Subsea 7 S.A.'s (OB:SUBC) Price

NOL

NOK 7.32

Northern Ocean

7D

3.5%

1Y

-47.3%

SHLF

NOK 18.34

Shelf Drilling

7D

-4.4%

1Y

-42.5%

VAR

NOK 35.04

Vår Energi

7D

-2.7%

1Y

-1.7%

EQNR

NOK 267.10

Equinor

7D

-2.7%

1Y

-28.2%

Why The 32% Return On Capital At Equinor (OB:EQNR) Should Have Your Attention

Oct 13
Why The 32% Return On Capital At Equinor (OB:EQNR) Should Have Your Attention

DNO

NOK 11.10

DNO

7D

-10.0%

1Y

2.9%

DNO (OB:DNO) Could Be Struggling To Allocate Capital

Oct 09
DNO (OB:DNO) Could Be Struggling To Allocate Capital

AKRBP

NOK 232.40

Aker BP

7D

-2.9%

1Y

-25.2%

Insufficient Growth At Aker BP ASA (OB:AKRBP) Hampers Share Price

Oct 08
Insufficient Growth At Aker BP ASA (OB:AKRBP) Hampers Share Price

HAFNI

NOK 71.65

Hafnia

7D

-5.8%

1Y

3.8%

Investors Should Be Encouraged By Hafnia's (OB:HAFNI) Returns On Capital

Oct 07
Investors Should Be Encouraged By Hafnia's (OB:HAFNI) Returns On Capital

VTURA

NOK 29.75

Ventura Offshore Holding

7D

6.6%

1Y

n/a

ODL

NOK 52.70

Odfjell Drilling

7D

1.3%

1Y

40.2%

We Think Odfjell Drilling (OB:ODL) Can Stay On Top Of Its Debt

Sep 27
We Think Odfjell Drilling (OB:ODL) Can Stay On Top Of Its Debt

SDNS

NOK 21.00

Shelf Drilling (North Sea)

7D

-29.3%

1Y

-31.6%

OTL

NOK 51.90

Odfjell Technology

7D

2.8%

1Y

3.4%

BWLPG

NOK 175.00

BWG

7D

-9.6%

1Y

77.1%

AKSO

NOK 44.00

Aker Solutions

7D

5.9%

1Y

7.3%

BWEK

NOK 24.40

BW Epic Kosan

7D

2.5%

1Y

25.8%