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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Nov 2022kr1.7tkr1.9tkr325.9b7.5x5.3x0.9x
Fri, 28 Oct 2022kr1.8tkr1.8tkr236.3b9.7x7.5x1x
Sun, 25 Sep 2022kr1.6tkr1.8tkr239.5b7.6x6.6x0.9x
Tue, 23 Aug 2022kr1.8tkr1.7tkr220.1b9x8.1x1.1x
Thu, 21 Jul 2022kr1.6tkr1.5tkr172.8b9.6x9.4x1.1x
Sat, 18 Jun 2022kr1.6tkr1.5tkr174.5b9.8x9.1x1.1x
Mon, 16 May 2022kr1.5tkr1.4tkr129.4b9x11.7x1.1x
Wed, 13 Apr 2022kr1.5tkr1.1tkr89.4b10x16.5x1.4x
Fri, 11 Mar 2022kr1.3tkr1.1tkr90.4b9.3x14.5x1.2x
Sun, 06 Feb 2022kr1.2tkr818.8bkr38.6b9.6x30.7x1.4x
Tue, 04 Jan 2022kr1.1tkr826.5bkr38.8b9.2x27.9x1.3x
Thu, 02 Dec 2021kr990.9bkr840.5bkr39.7b7.8x25x1.2x
Sat, 30 Oct 2021kr974.8bkr793.5bkr34.9b7.2x27.9x1.2x
Mon, 27 Sep 2021kr899.6bkr682.5bkr3.2b5.8x279.3x1.3x
Wed, 25 Aug 2021kr819.4bkr684.5bkr2.9b5.4x283.1x1.2x
Thu, 01 Jul 2021kr834.9bkr684.5bkr2.9b5.8x288.5x1.2x
Sun, 04 Apr 2021kr775.4bkr581.5b-kr25,971,313,964.805.2x-29.9x1.3x
Wed, 06 Jan 2021kr687.7bkr572.8b-kr64,365,903,237.014.3x-10.7x1.2x
Sat, 10 Oct 2020kr578.9bkr650.6b-kr53,472,690,641.206.8x-10.8x0.9x
Fri, 03 Jul 2020kr610.5bkr722.3b-kr43,646,924,198.057.8x-14x0.8x
Mon, 06 Apr 2020kr563.1bkr879.1b-kr19,136,668,438.033.8x-29.4x0.6x
Thu, 09 Jan 2020kr877.5bkr769.5bkr12.6b17.6x69.9x1.1x
Price to Earnings Ratio

17.4x


Total Market Cap: kr836.5bTotal Earnings: kr47.9bTotal Revenue: kr838.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Sector Price to Earnings3Y Average 101.7x202020212022
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 Market2.51%
Energy4.53%
Oil and Gas4.97%
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?

CompanyLast Price7D1YValuation
EQNR Equinorkr377.006.1%
+kr68.0b
64.8%PE4.9x
VAR Vår Energikr35.722.6%
+kr2.2b
n/aPE13.9x
FLNG FLEX LNGkr366.804.9%
+kr905.6m
71.4%PE9x
AKRBP Aker BPkr339.600.4%
+kr820.6m
18.6%PE11.4x
OTL Odfjell Technologykr31.7028.6%
+kr278.4m
n/aPE5.9x
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Latest News

OTL

kr31.70

Odfjell Technology

7D

28.6%

1Y

n/a

BWE

kr27.18

BW Energy

7D

2.8%

1Y

28.8%

BWLPG

kr86.45

BWG

7D

-6.1%

1Y

87.5%

SUBC

kr108.90

Subsea 7

7D

0.7%

1Y

71.5%

EFUEL

kr44.50

Everfuel

7D

-9.2%

1Y

-13.1%

FLNG

kr366.80

FLEX LNG

7D

4.9%

1Y

71.4%

DNO

kr12.38

DNO

7D

-2.7%

1Y

17.0%

HAFNI

kr54.00

Hafnia

7D

-9.9%

1Y

244.8%

BORR

kr46.57

Borr Drilling

7D

-6.2%

1Y

156.6%

VAR

kr35.72

Vår Energi

7D

2.6%

1Y

n/a

DOF

kr1.45

DOF

7D

55.7%

1Y

158.9%

AKRBP

kr339.60

Aker BP

7D

0.4%

1Y

18.6%

PGS

kr5.61

PGS

7D

-12.5%

1Y

67.1%

TGS

kr134.30

TGS

7D

-2.0%

1Y

59.4%