Header cover image

Norwegian (OSEAX) Energy Sector Analysis

UpdatedJul 21, 2024
DataAggregated Company Financials
Companies57
  • 7D1.2%
  • 3M0.9%
  • 1Y2.5%
  • YTD-3.9%

In the last week, the Energy industry is up 1.2%, with Equinor up 1.3%. Despite this gain, the industry's performance has been flat over the past year. Earnings are forecast to grow by 2.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 22 Jul 2024NOK 1.4tNOK 1.6tNOK 158.7b7x8.9x0.9x
Wed, 19 Jun 2024NOK 1.4tNOK 1.6tNOK 156.7b8.4x9.2x0.9x
Fri, 17 May 2024NOK 1.5tNOK 1.6tNOK 157.9b9.3x9.3x0.9x
Sun, 14 Apr 2024NOK 1.5tNOK 1.7tNOK 180.4b8.4x8.5x0.9x
Tue, 12 Mar 2024NOK 1.4tNOK 1.7tNOK 177.1b7.5x7.7x0.8x
Thu, 08 Feb 2024NOK 1.4tNOK 1.7tNOK 239.1b6.6x5.8x0.8x
Sat, 06 Jan 2024NOK 1.6tNOK 1.7tNOK 233.7b7.2x6.9x0.9x
Mon, 04 Dec 2023NOK 1.6tNOK 1.8tNOK 242.2b6.3x6.8x0.9x
Wed, 01 Nov 2023NOK 1.8tNOK 1.8tNOK 250.6b7.9x7.1x1x
Fri, 29 Sep 2023NOK 1.7tNOK 2.0tNOK 312.9b7.4x5.3x0.9x
Sun, 27 Aug 2023NOK 1.5tNOK 2.0tNOK 309.0b7.5x5x0.8x
Tue, 25 Jul 2023NOK 1.5tNOK 2.0tNOK 335.5b8.3x4.5x0.8x
Thu, 22 Jun 2023NOK 1.5tNOK 2.1tNOK 356.2b8.2x4.3x0.7x
Sat, 20 May 2023NOK 1.5tNOK 2.1tNOK 398.4b8.8x3.7x0.7x
Mon, 17 Apr 2023NOK 1.5tNOK 2.1tNOK 344.4b9x4.4x0.7x
Wed, 15 Mar 2023NOK 1.5tNOK 2.1tNOK 390.3b7.9x3.9x0.7x
Fri, 10 Feb 2023NOK 1.6tNOK 465.4bNOK 381.1b7.9x4.2x3.4x
Sun, 08 Jan 2023NOK 1.6tNOK 1.9tNOK 328.0b7.6x4.7x0.8x
Tue, 06 Dec 2022NOK 1.7tNOK 1.9tNOK 324.3b7.7x5.4x0.9x
Thu, 03 Nov 2022NOK 1.8tNOK 2.0tNOK 322.7b10x5.7x0.9x
Sat, 01 Oct 2022NOK 1.7tNOK 1.8tNOK 245.5b8.4x6.8x0.9x
Mon, 29 Aug 2022NOK 1.9tNOK 1.6tNOK 217.4b9.4x8.7x1.2x
Wed, 27 Jul 2022NOK 1.7tNOK 1.5tNOK 173.0b9.4x9.6x1.1x
Fri, 24 Jun 2022NOK 1.5tNOK 1.4tNOK 173.1b9.3x8.6x1x
Sun, 22 May 2022NOK 1.5tNOK 1.4tNOK 129.0b10x12x1.1x
Tue, 19 Apr 2022NOK 1.5tNOK 1.1tNOK 90.5b10x16.9x1.4x
Thu, 17 Mar 2022NOK 1.2tNOK 1.1tNOK 90.3b9.2x13.2x1.1x
Sat, 12 Feb 2022NOK 1.2tNOK 1.0tNOK 91.4b10x13.3x1.2x
Mon, 10 Jan 2022NOK 1.1tNOK 824.4bNOK 38.8b9.6x28.8x1.4x
Wed, 08 Dec 2021NOK 995.2bNOK 848.1bNOK 39.8b7.5x25x1.2x
Fri, 05 Nov 2021NOK 998.4bNOK 793.2bNOK 35.1b7.2x28.4x1.3x
Sun, 03 Oct 2021NOK 985.6bNOK 685.1bNOK 3.2b6.4x304.3x1.4x
Tue, 31 Aug 2021NOK 813.5bNOK 684.5bNOK 2.9b5.4x281.1x1.2x
Price to Earnings Ratio

276.9x


Total Market Cap: NOK 801.4bTotal Earnings: NOK 2.9bTotal Revenue: NOK 684.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Sector Price to Earnings3Y Average 97.8x202220232024
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 8.9x which is lower than its 3-year average PE of 97.9x.
  • The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 0.86x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have grown 280% per year over the last three years.
  • Revenues for these companies have grown 34% 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 Market0.51%
Energy1.16%
Energy Services4.24%
Oil and Gas0.59%
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 28.9%, which is lower than the prior year's growth of 72.8% per year.
  • Investors are most pessimistic about the Oil and Gas industry, which is trading below its 3-year average of 97.2x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 29% over the next 5 years.
  • However this is lower than its past earnings growth rate of 73% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings decline by 2.6% 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 EquinorNOK 294.151.3%
+NOK 9.8b
-5.1%PE7.8x
SUBC Subsea 7NOK 208.803.8%
+NOK 2.2b
51.1%PE91.4x
AKSO Aker SolutionsNOK 54.409.2%
+NOK 2.2b
16.9%PE17.5x
TGS TGSNOK 138.008.2%
+NOK 2.1b
3.1%PE93.7x
DOFG DOF GroupNOK 104.304.3%
+NOK 759.6m
158.6%PE4.3x
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

TGS

NOK 138.00

TGS

7D

8.2%

1Y

3.1%

AKSO

NOK 54.40

Aker Solutions

7D

9.2%

1Y

16.9%

AKRBP

NOK 261.80

Aker BP

7D

-2.2%

1Y

-4.8%

VAR

NOK 35.50

Vår Energi

7D

-1.2%

1Y

17.2%

HAFNI

NOK 83.30

Hafnia

7D

1.3%

1Y

64.0%

DOFG

NOK 104.30

DOF Group

7D

4.3%

1Y

158.6%

PEN

NOK 33.30

Panoro Energy

7D

-1.5%

1Y

17.1%

BNOR

NOK 524.00

BlueNord

7D

-0.8%

1Y

23.7%

ODL

NOK 57.10

Odfjell Drilling

7D

-1.7%

1Y

101.4%