This Just In: Analysts Are Boosting Their Awilco LNG ASA (OB:ALNG) Outlook for Next Year
Awilco LNG ASA ( OB:ALNG ) shareholders will have a reason to smile today, with the analysts making substantial...
Norwegian (OSEAX) Energy Sector Analysis
UpdatedDec 02, 2021
DataAggregated Company Financials
Companies54
- 7D-1.1%
- 3M17.2%
- 1Y45.9%
- YTD39.0%
Over the last 7 days, the Energy industry has dropped 1.1%, driven by a decline by Aker BP of 3.3%. This takes the industry's 12 month performance to a gain of 46%.
Sector Valuation and Performance
Has the Norwegian Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE |
|---|---|---|---|---|
| Sat, 04 Dec 2021 | kr990.9b | kr840.5b | kr39.7b | 7.8x |
| Mon, 01 Nov 2021 | kr959.7b | kr775.2b | kr32.9b | 6.3x |
| Wed, 29 Sep 2021 | kr922.5b | kr686.3b | kr3.2b | 6x |
| Fri, 27 Aug 2021 | kr831.2b | kr684.5b | kr2.9b | 5.4x |
| Sat, 03 Jul 2021 | kr834.9b | kr684.5b | kr2.9b | 5.8x |
| Tue, 06 Apr 2021 | kr775.4b | kr581.5b | -kr25,971,313,964.80 | 5.2x |
| Fri, 08 Jan 2021 | kr687.7b | kr572.8b | -kr64,365,903,237.01 | 4.3x |
| Thu, 01 Oct 2020 | kr578.9b | kr650.6b | -kr53,472,690,641.20 | 6.8x |
| Sun, 05 Jul 2020 | kr610.5b | kr722.3b | -kr43,646,924,198.05 | 7.8x |
| Wed, 08 Apr 2020 | kr563.1b | kr879.1b | -kr19,136,668,438.03 | 3.8x |
| Tue, 31 Dec 2019 | kr877.5b | kr769.5b | kr12.6b | 17.6x |
| Fri, 04 Oct 2019 | kr834.7b | kr838.1b | kr47.9b | 12.6x |
| Mon, 08 Jul 2019 | kr826.3b | kr821.3b | kr70.8b | 23x |
| Sun, 31 Mar 2019 | kr925.8b | kr832.3b | kr71.1b | 12.1x |
| Wed, 02 Jan 2019 | kr845.6b | kr864.1b | kr69.0b | 8.9x |
PE Ratio
8.9x
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. However, future earnings are expected to decline by 3.5% which could potentially cause the PE ratio to fall below its historical average.
Past Earnings Growth: The earnings for companies in the Energy industry have declined 8.0% per year over the last three years, while revenues for these companies have grown 2.9% per year. This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Industry Trends
Which industries have driven the changes within the Norwegian Energy sector?
| Oil and Gas | -0.75% | |
| Energy Services | -5.89% | |
Industry PE: Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio of 10.7x. However analysts are expecting annual earnings decline of 6.4%, which is lower than the prior year's growth of 17% per year. So the market might believe that analysts are underestimating future growth or they expect the Oil and Gas industry's earnings to deteriorate the least compared to other industries. Meanwhile, investors are most pessimistic about the Energy Services industry, which is trading below its 3-year average of 8.7x.
Forecasted Growth: Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 36% over the next 5 years. However this is lower than its past earnings growth rate of 144% per year. Meanwhile, the Oil and Gas industry is expected to see its earnings decline by 6.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | 7D | 1Y | Valuation | |
|---|---|---|---|---|
| EQNR Equinor | 5.0%+kr35.8b | 55.8% | PE29.5x | |
| AKRBP Aker BP | 5.0%+kr5.1b | 40.6% | PE18.9x | |
| DNO DNO | 4.2%+kr429.2m | 66.9% | PE14.7x | |
| AKSO Aker Solutions | 3.2%+kr363.7m | 60.8% | PS0.4x | |
| ALNG Awilco LNG | 31.7%+kr186.9m | 460.8% | PE5.1x |
