Brokers Are Upgrading Their Views On Avance Gas Holding Ltd (OB:AGAS) With These New Forecasts
Dec 01
Norwegian (OSEAX) Energy Sector Analysis
UpdatedDec 02, 2023
DataAggregated Company Financials
Companies65
- 7D-2.9%
- 3M2.1%
- 1Y-1.9%
- YTD1.2%
Last week, the Energy industry hasn't moved much but Northern Drilling is up 278% in that time. In line with that, the industry has also been flat over the past 12 months. As for the next few years, earnings are forecast to decline by 5.2% per annum.
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 |
|---|---|---|---|---|---|---|
| Sun, 03 Dec 2023 | kr1.6t | kr1.8t | kr242.1b | 6.3x | 6.8x | 0.9x |
| Tue, 31 Oct 2023 | kr1.8t | kr1.8t | kr249.5b | 7.8x | 7x | 1x |
| Thu, 28 Sep 2023 | kr1.7t | kr2.0t | kr313.9b | 7.4x | 5.3x | 0.8x |
| Sat, 26 Aug 2023 | kr1.5t | kr2.0t | kr309.9b | 7.4x | 5x | 0.8x |
| Mon, 24 Jul 2023 | kr1.5t | kr2.0t | kr336.0b | 8.5x | 4.4x | 0.7x |
| Wed, 21 Jun 2023 | kr1.5t | kr2.1t | kr355.6b | 8.2x | 4.3x | 0.7x |
| Fri, 19 May 2023 | kr1.5t | kr2.1t | kr400.4b | 9x | 3.6x | 0.7x |
| Sun, 16 Apr 2023 | kr1.5t | kr2.1t | kr344.4b | 9x | 4.4x | 0.7x |
| Tue, 14 Mar 2023 | kr1.5t | kr2.1t | kr391.2b | 8.1x | 3.9x | 0.7x |
| Thu, 09 Feb 2023 | kr1.6t | kr2.0t | kr338.9b | 7.7x | 4.7x | 0.8x |
| Sat, 07 Jan 2023 | kr1.6t | kr1.9t | kr328.6b | 7.6x | 4.7x | 0.8x |
| Mon, 05 Dec 2022 | kr1.7t | kr1.9t | kr321.3b | 7.8x | 5.4x | 0.9x |
| Wed, 02 Nov 2022 | kr1.8t | kr2.0t | kr322.4b | 9.8x | 5.6x | 0.9x |
| Fri, 30 Sep 2022 | kr1.6t | kr1.8t | kr242.7b | 8.1x | 6.7x | 0.9x |
| Sun, 28 Aug 2022 | kr1.9t | kr1.6t | kr218.1b | 9.3x | 8.7x | 1.2x |
| Tue, 26 Jul 2022 | kr1.6t | kr1.5t | kr172.2b | 9.3x | 9.4x | 1.1x |
| Thu, 23 Jun 2022 | kr1.5t | kr1.4t | kr172.0b | 9.4x | 8.7x | 1x |
| Sat, 21 May 2022 | kr1.5t | kr1.4t | kr128.9b | 9.7x | 12x | 1.1x |
| Mon, 18 Apr 2022 | kr1.5t | kr1.1t | kr90.5b | 10x | 16.9x | 1.4x |
| Wed, 16 Mar 2022 | kr1.3t | kr1.1t | kr91.2b | 9x | 13.7x | 1.1x |
| Fri, 11 Feb 2022 | kr1.2t | kr994.0b | kr89.9b | 10.6x | 13.3x | 1.2x |
| Sun, 09 Jan 2022 | kr1.1t | kr824.4b | kr38.8b | 9.6x | 28.8x | 1.4x |
| Tue, 07 Dec 2021 | kr995.2b | kr848.1b | kr39.8b | 7.5x | 25x | 1.2x |
| Thu, 04 Nov 2021 | kr984.1b | kr790.3b | kr35.0b | 7.1x | 28.1x | 1.2x |
| Sat, 02 Oct 2021 | kr985.6b | kr685.1b | kr3.2b | 6.4x | 304.3x | 1.4x |
| Mon, 30 Aug 2021 | kr828.6b | kr684.5b | kr2.9b | 5.4x | 286.3x | 1.2x |
| Tue, 06 Jul 2021 | kr834.9b | kr684.5b | kr2.9b | 5.8x | 288.5x | 1.2x |
| Fri, 09 Apr 2021 | kr775.4b | kr581.5b | -kr25,971,313,964.80 | 5.2x | -29.9x | 1.3x |
| Thu, 31 Dec 2020 | kr687.7b | kr572.8b | -kr64,365,903,237.01 | 4.3x | -10.7x | 1.2x |
Price to Earnings Ratio
-12.2x
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 6.8x which is lower than its 3-year average PE of 103x.
- The 3-year average PS ratio of 4.2x is higher than the industry's current PS ratio of 0.93x.
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 40% 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 Market | -0.88% | |
| Energy | -2.87% | |
| Energy Services | -1.19% | |
| Oil and Gas | -3.11% | |
Industry PE
- Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 552x.
- Analysts are expecting annual earnings growth of 41.3%, which is lower than the prior year's growth of 49.7% per year.
- Investors are most pessimistic about the Oil and Gas industry, which is trading below its 3-year average of 122x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 41% over the next 5 years.
- This is roughly in line with its past earnings growth rate.
- In contrast, the Oil and Gas industry is expected to see its earnings decline by 12% 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 | |
|---|---|---|---|---|---|
| NODL Northern Drilling | kr5.08 | 277.7% +kr1.3b | -84.0% | PB0.7x | |
| BWE BW Energy | kr25.05 | 3.3% +kr206.4m | -4.7% | PS1.8x | |
| EFUEL Everfuel | kr8.50 | 23.9% +kr141.5m | -81.1% | PS22.8x | |
| SOFF Solstad Offshore | kr29.20 | 5.0% +kr115.3m | -6.6% | PE40.5x | |
| BWEK BW Epic Kosan | kr24.40 | 2.5% +kr95.7m | 25.8% | PE11.1x |
