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Norwegian (OSEAX) Energy Sector Analysis

UpdatedDec 22, 2024
DataAggregated Company Financials
Companies55
  • 7D-1.8%
  • 3M-7.0%
  • 1Y-19.0%
  • YTD-19.3%

Over the last 7 days, the Energy industry has dropped 1.8%, driven by Equinor declining 1.2%. In contrast, Cool has gained 7.9%. The industry has fallen 19% in the last year. Looking forward, earnings are expected to remain mostly flat in the next few years.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Dec 2024NOK 1.2tNOK 1.8tNOK 170.1b5.5x7x0.7x
Tue, 19 Nov 2024NOK 1.2tNOK 1.7tNOK 161.2b6.9x7.7x0.7x
Thu, 17 Oct 2024NOK 1.3tNOK 1.7tNOK 165.0b6.3x7.6x0.7x
Sat, 14 Sep 2024NOK 1.3tNOK 1.6tNOK 160.5b6.5x7.9x0.8x
Mon, 12 Aug 2024NOK 1.4tNOK 1.7tNOK 159.1b7x8.7x0.8x
Wed, 10 Jul 2024NOK 1.4tNOK 1.6tNOK 151.4b7.6x9.2x0.9x
Fri, 07 Jun 2024NOK 1.5tNOK 1.6tNOK 156.4b8x9.3x0.9x
Sun, 05 May 2024NOK 1.5tNOK 1.7tNOK 159.5b8.5x9.1x0.9x
Tue, 02 Apr 2024NOK 1.4tNOK 1.7tNOK 183.2b7.8x7.9x0.8x
Thu, 29 Feb 2024NOK 1.3tNOK 1.7tNOK 178.6b7x7.5x0.8x
Sat, 27 Jan 2024NOK 1.5tNOK 1.7tNOK 236.8b6.9x6.3x0.9x
Mon, 25 Dec 2023NOK 1.6tNOK 1.7tNOK 232.2b6.7x6.8x0.9x
Wed, 22 Nov 2023NOK 1.7tNOK 1.8tNOK 240.3b6.3x7x1x
Fri, 20 Oct 2023NOK 1.8tNOK 2.0tNOK 322.3b7.6x5.5x0.9x
Sun, 17 Sep 2023NOK 1.7tNOK 2.0tNOK 314.7b7.1x5.3x0.9x
Tue, 15 Aug 2023NOK 1.5tNOK 1.9tNOK 297.3b9.2x5.2x0.8x
Thu, 13 Jul 2023NOK 1.5tNOK 2.0tNOK 336.1b8x4.5x0.8x
Sat, 10 Jun 2023NOK 1.5tNOK 2.1tNOK 356.7b8.5x4.2x0.7x
Mon, 08 May 2023NOK 1.5tNOK 2.0tNOK 387.7b9x3.8x0.7x
Wed, 05 Apr 2023NOK 1.5tNOK 2.0tNOK 382.1b8.3x3.9x0.7x
Fri, 03 Mar 2023NOK 1.6tNOK 2.1tNOK 386.2b9.1x4.2x0.8x
Sun, 29 Jan 2023NOK 1.5tNOK 1.9tNOK 324.8b7.6x4.7x0.8x
Tue, 27 Dec 2022NOK 1.7tNOK 1.9tNOK 323.8b7.9x5.3x0.9x
Thu, 24 Nov 2022NOK 1.7tNOK 1.9tNOK 325.8b6.9x5.3x0.9x
Sat, 22 Oct 2022NOK 1.7tNOK 1.8tNOK 239.6b9x7.1x1x
Mon, 19 Sep 2022NOK 1.7tNOK 1.7tNOK 230.9b8.4x7.4x1x
Wed, 17 Aug 2022NOK 1.7tNOK 1.6tNOK 215.2b9.2x8x1x
Fri, 15 Jul 2022NOK 1.5tNOK 1.5tNOK 178.2b8.8x8.6x1x
Sun, 12 Jun 2022NOK 1.6tNOK 1.4tNOK 168.4b10.2x9.6x1.2x
Tue, 10 May 2022NOK 1.5tNOK 1.4tNOK 127.8b9.2x11.4x1x
Thu, 07 Apr 2022NOK 1.5tNOK 1.1tNOK 89.9b10.3x16.4x1.4x
Sat, 05 Mar 2022NOK 1.3tNOK 1.1tNOK 92.6b9.5x14.3x1.2x
Mon, 31 Jan 2022NOK 1.1tNOK 835.9bNOK 39.2b9.2x29.3x1.4x
Wed, 29 Dec 2021NOK 1.1tNOK 819.3bNOK 38.6b9x28.5x1.3x
Price to Earnings Ratio

28.5x


Total Market Cap: NOK 1.1tTotal Earnings: NOK 38.6bTotal Revenue: NOK 819.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Sector Price to Earnings3Y Average 73.1x202220232024
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 7.0x which is lower than its 3-year average PE of 73.1x.
  • The 3-year average PS ratio of 4.0x is higher than the industry's current PS ratio of 0.67x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have grown 64% per year over the last three years.
  • Revenues for these companies have grown 29% 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-2.76%
Energy-1.81%
Oil and Gas-1.77%
Energy Services-2.04%
Industry PE
  • Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 538x.
    • Analysts are expecting annual earnings growth of 31.2%, which is higher than its past year's earnings growth of 17.8% per year.
  • Investors are most pessimistic about the Oil and Gas industry, which is trading below its 3-year average of 8.3x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 31% over the next 5 years.
  • This is better than its past earnings growth rate of 18% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings decline by 4.6% 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
CLCO CoolNOK 85.857.9%
+NOK 335.6m		-33.4%PE4.4x
PLSV Paratus Energy ServicesNOK 44.922.3%
+NOK 172.9m		n/aPE22.7x
PNOR PetroNor E&PNOK 11.288.9%
+NOK 131.0m		45.7%PE2.7x
SOFF Solstad OffshoreNOK 40.143.6%
+NOK 130.0m		6.1%PS0.9x
BWEK BW Epic KosanNOK 24.402.5%
+NOK 95.7m		25.8%PE11.1x
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Latest News

AKSO

NOK 30.68

Aker Solutions

7D

0.4%

1Y

-27.1%

HAFNI

NOK 57.60

Hafnia

7D

-2.7%

1Y

-21.1%

BNOR

NOK 616.00

BlueNord

7D

0.2%

1Y

25.2%

BWLPG

NOK 115.50

BWG

7D

-3.7%

1Y

-26.7%

VAR

NOK 34.01

Vår Energi

7D

-1.5%

1Y

5.5%

SOFF

NOK 40.14

Solstad Offshore

7D

3.6%

1Y

6.1%

CLCO

NOK 85.85

Cool

7D

7.9%

1Y

-33.4%

Investors Don't See Light At End Of Cool Company Ltd.'s (OB:CLCO) Tunnel And Push Stock Down 27%

Dec 08
Investors Don't See Light At End Of Cool Company Ltd.'s (OB:CLCO) Tunnel And Push Stock Down 27%

PLSV

NOK 44.92

Paratus Energy Services

7D

2.3%

1Y

n/a

Solid Earnings Reflect Paratus Energy Services' (OB:PLSV) Strength As A Business

Dec 07
Solid Earnings Reflect Paratus Energy Services' (OB:PLSV) Strength As A Business

BWO

NOK 27.50

BW Offshore

7D

0.9%

1Y

24.3%

SUBC

NOK 176.10

Subsea 7

7D

-1.2%

1Y

19.2%

EQNR

NOK 254.45

Equinor

7D

-1.2%

1Y

-21.7%

Insufficient Growth At Equinor ASA (OB:EQNR) Hampers Share Price

Dec 01
Insufficient Growth At Equinor ASA (OB:EQNR) Hampers Share Price

PNOR

NOK 11.28

PetroNor E&P

7D

8.9%

1Y

45.7%

ODL

NOK 49.60

Odfjell Drilling

7D

-6.8%

1Y

27.3%

We Think That There Are More Issues For Odfjell Drilling (OB:ODL) Than Just Sluggish Earnings

Nov 13
We Think That There Are More Issues For Odfjell Drilling (OB:ODL) Than Just Sluggish Earnings

AKRBP

NOK 213.10

Aker BP

7D

-4.8%

1Y

-28.3%

SDNS

NOK 21.00

Shelf Drilling (North Sea)

7D

-29.3%

1Y

-31.6%

BWEK

NOK 24.40

BW Epic Kosan

7D

2.5%

1Y

25.8%