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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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 03 Dec 2023kr1.6tkr1.8tkr242.1b6.3x6.8x0.9x
Tue, 31 Oct 2023kr1.8tkr1.8tkr249.5b7.8x7x1x
Thu, 28 Sep 2023kr1.7tkr2.0tkr313.9b7.4x5.3x0.8x
Sat, 26 Aug 2023kr1.5tkr2.0tkr309.9b7.4x5x0.8x
Mon, 24 Jul 2023kr1.5tkr2.0tkr336.0b8.5x4.4x0.7x
Wed, 21 Jun 2023kr1.5tkr2.1tkr355.6b8.2x4.3x0.7x
Fri, 19 May 2023kr1.5tkr2.1tkr400.4b9x3.6x0.7x
Sun, 16 Apr 2023kr1.5tkr2.1tkr344.4b9x4.4x0.7x
Tue, 14 Mar 2023kr1.5tkr2.1tkr391.2b8.1x3.9x0.7x
Thu, 09 Feb 2023kr1.6tkr2.0tkr338.9b7.7x4.7x0.8x
Sat, 07 Jan 2023kr1.6tkr1.9tkr328.6b7.6x4.7x0.8x
Mon, 05 Dec 2022kr1.7tkr1.9tkr321.3b7.8x5.4x0.9x
Wed, 02 Nov 2022kr1.8tkr2.0tkr322.4b9.8x5.6x0.9x
Fri, 30 Sep 2022kr1.6tkr1.8tkr242.7b8.1x6.7x0.9x
Sun, 28 Aug 2022kr1.9tkr1.6tkr218.1b9.3x8.7x1.2x
Tue, 26 Jul 2022kr1.6tkr1.5tkr172.2b9.3x9.4x1.1x
Thu, 23 Jun 2022kr1.5tkr1.4tkr172.0b9.4x8.7x1x
Sat, 21 May 2022kr1.5tkr1.4tkr128.9b9.7x12x1.1x
Mon, 18 Apr 2022kr1.5tkr1.1tkr90.5b10x16.9x1.4x
Wed, 16 Mar 2022kr1.3tkr1.1tkr91.2b9x13.7x1.1x
Fri, 11 Feb 2022kr1.2tkr994.0bkr89.9b10.6x13.3x1.2x
Sun, 09 Jan 2022kr1.1tkr824.4bkr38.8b9.6x28.8x1.4x
Tue, 07 Dec 2021kr995.2bkr848.1bkr39.8b7.5x25x1.2x
Thu, 04 Nov 2021kr984.1bkr790.3bkr35.0b7.1x28.1x1.2x
Sat, 02 Oct 2021kr985.6bkr685.1bkr3.2b6.4x304.3x1.4x
Mon, 30 Aug 2021kr828.6bkr684.5bkr2.9b5.4x286.3x1.2x
Tue, 06 Jul 2021kr834.9bkr684.5bkr2.9b5.8x288.5x1.2x
Fri, 09 Apr 2021kr775.4bkr581.5b-kr25,971,313,964.805.2x-29.9x1.3x
Thu, 31 Dec 2020kr687.7bkr572.8b-kr64,365,903,237.014.3x-10.7x1.2x
Price to Earnings Ratio

-12.2x


Total Market Cap: kr652.9bTotal Earnings: -kr53,474,643,924.20Total Revenue: kr650.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Sector Price to Earnings3Y Average 102.7x202120222023
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?

CompanyLast Price7D1YValuation
NODL Northern Drillingkr5.08277.7%
+kr1.3b
-84.0%PB0.7x
BWE BW Energykr25.053.3%
+kr206.4m
-4.7%PS1.8x
EFUEL Everfuelkr8.5023.9%
+kr141.5m
-81.1%PS22.8x
SOFF Solstad Offshorekr29.205.0%
+kr115.3m
-6.6%PE40.5x
BWEK BW Epic Kosankr24.402.5%
+kr95.7m
25.8%PE11.1x
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Latest News

HUNT

kr2.25

Hunter Group

7D

25.6%

1Y

-94.9%

SOFF

kr29.20

Solstad Offshore

7D

5.0%

1Y

-6.6%

EQNR

kr343.15

Equinor

7D

-3.4%

1Y

-6.3%

SDRL

kr480.00

Seadrill

7D

3.3%

1Y

51.9%

EFUEL

kr8.50

Everfuel

7D

23.9%

1Y

-81.1%

VAR

kr33.78

Vår Energi

7D

-3.8%

1Y

-5.8%

BWE

kr25.05

BW Energy

7D

3.3%

1Y

-4.7%

AKSO

kr40.50

Aker Solutions

7D

-6.7%

1Y

10.3%

HAFNI

kr68.00

Hafnia

7D

-5.4%

1Y

29.5%

DOFG

kr51.82

DOF Group

7D

-8.1%

1Y

n/a

NODL

kr5.08

Northern Drilling

7D

277.7%

1Y

-84.0%

PRS

kr59.70

Prosafe

7D

7.8%

1Y

-62.1%

BWEK

kr24.40

BW Epic Kosan

7D

2.5%

1Y

25.8%