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Norwegian (OSEAX) Energy Services Industry Analysis
UpdatedFeb 15, 2025
DataAggregated Company Financials
Companies30
- 7D-0.9%
- 3M-3.3%
- 1Y11.9%
- YTD-2.0%
The Energy Services is pretty flat in the last 7 days, but TGS has stood out, gaining 3.9%. As for the the longer term, the industry is up 12% over the past 12 months. Looking forward, earnings are forecast to grow by 25% annually.
Industry Valuation and Performance
Has the Norwegian Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 16 Feb 2025 | NOK 169.5b | NOK 220.4b | NOK 18.1b | 6.5x | 9.4x | 0.8x |
| Tue, 14 Jan 2025 | NOK 178.7b | NOK 214.7b | NOK 16.8b | 6.6x | 10.6x | 0.8x |
| Thu, 12 Dec 2024 | NOK 172.3b | NOK 220.8b | NOK 17.4b | 7.7x | 9.9x | 0.8x |
| Sat, 09 Nov 2024 | NOK 183.8b | NOK 217.7b | NOK 16.1b | 11.5x | 11.4x | 0.8x |
| Mon, 07 Oct 2024 | NOK 192.7b | NOK 212.6b | NOK 16.4b | 8.5x | 11.7x | 0.9x |
| Wed, 04 Sep 2024 | NOK 192.6b | NOK 212.8b | NOK 15.7b | 13.5x | 12.3x | 0.9x |
| Fri, 02 Aug 2024 | NOK 224.0b | NOK 213.9b | NOK 14.9b | 11x | 15x | 1x |
| Sun, 30 Jun 2024 | NOK 214.7b | NOK 211.6b | NOK 13.4b | 13.8x | 16x | 1x |
| Tue, 28 May 2024 | NOK 200.5b | NOK 208.1b | NOK 12.1b | 15.6x | 16.6x | 1x |
| Thu, 25 Apr 2024 | NOK 183.8b | NOK 205.6b | NOK 9.9b | 9x | 18.6x | 0.9x |
| Sat, 23 Mar 2024 | NOK 218.3b | NOK 218.2b | NOK 13.1b | 9.3x | 16.7x | 1x |
| Mon, 19 Feb 2024 | NOK 195.7b | NOK 208.2b | NOK 9.5b | 12.1x | 20.5x | 0.9x |
| Wed, 17 Jan 2024 | NOK 205.9b | NOK 237.4b | NOK 11.2b | 8x | 18.3x | 0.9x |
| Fri, 15 Dec 2023 | NOK 206.4b | NOK 237.4b | NOK 11.2b | 8.4x | 18.4x | 0.9x |
| Sun, 12 Nov 2023 | NOK 210.3b | NOK 232.3b | NOK 8.6b | 8.7x | 24.4x | 0.9x |
| Tue, 10 Oct 2023 | NOK 215.1b | NOK 220.8b | NOK 5.5b | 11.6x | 39.4x | 1x |
| Thu, 07 Sep 2023 | NOK 216.3b | NOK 217.0b | NOK 5.1b | 9.8x | 42.1x | 1x |
| Sat, 05 Aug 2023 | NOK 202.9b | NOK 192.9b | -NOK 1,235,168,208.00 | 12.2x | -164.3x | 1.1x |
| Mon, 03 Jul 2023 | NOK 187.1b | NOK 195.0b | -NOK 375,910,793.00 | 9.9x | -497.6x | 1x |
| Wed, 31 May 2023 | NOK 177.9b | NOK 190.1b | -NOK 635,142,872.00 | 11.4x | -280.1x | 0.9x |
| Fri, 28 Apr 2023 | NOK 177.0b | NOK 177.4b | NOK 38.1b | 15.2x | 4.6x | 1x |
| Sun, 26 Mar 2023 | NOK 167.9b | NOK 176.7b | NOK 38.0b | 13.2x | 4.4x | 0.9x |
| Tue, 21 Feb 2023 | NOK 178.2b | NOK 166.8b | NOK 47.5b | 8.8x | 3.8x | 1.1x |
| Thu, 19 Jan 2023 | NOK 156.5b | NOK 159.2b | NOK 43.6b | 8.2x | 3.6x | 1x |
| Sat, 17 Dec 2022 | NOK 131.5b | NOK 159.5b | NOK 43.8b | 6.6x | 3x | 0.8x |
| Mon, 14 Nov 2022 | NOK 142.4b | NOK 167.2b | NOK 43.3b | 9.5x | 3.3x | 0.9x |
| Wed, 12 Oct 2022 | NOK 125.9b | NOK 171.1b | NOK 34.3b | 9.5x | 3.7x | 0.7x |
| Fri, 09 Sep 2022 | NOK 123.6b | NOK 163.4b | NOK 32.3b | 10x | 3.8x | 0.8x |
| Sun, 07 Aug 2022 | NOK 115.9b | NOK 163.2b | NOK 30.7b | 9.3x | 3.8x | 0.7x |
| Tue, 05 Jul 2022 | NOK 111.6b | NOK 156.8b | NOK 29.1b | 10.8x | 3.8x | 0.7x |
| Thu, 02 Jun 2022 | NOK 132.9b | NOK 151.9b | NOK 27.3b | 11.4x | 4.9x | 0.9x |
| Sat, 30 Apr 2022 | NOK 93.4b | NOK 146.2b | -NOK 10,227,198,832.00 | 9.4x | -9.1x | 0.6x |
| Mon, 28 Mar 2022 | NOK 96.8b | NOK 128.6b | -NOK 4,659,814,590.00 | 10.4x | -20.8x | 0.8x |
| Wed, 23 Feb 2022 | NOK 77.8b | NOK 128.6b | NOK 5.0b | 7.5x | 15.6x | 0.6x |
Price to Earnings Ratio
15.6x
Current Industry PE
- Investors are pessimistic on the Norwegian Energy Services 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 9.4x which is higher than its 3-year average PE of -9.3x.
- The industry is trading close to its 3-year average PS ratio of 0.89x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 55% per year over the last three years.
- Revenues for these companies have grown 19% 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 industry?
| NO Market | -0.26% | |
| Energy | -1.67% | |
| Energy Services | -0.90% | |
| Oil and Gas Drilling | -0.69% | |
| Oil and Gas Services | -0.96% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio of 8.7x.
- Analysts are expecting annual earnings growth of 37.8%, which is higher than its past year's earnings decline of 0.6% per year.
- Investors are most pessimistic about the Oil and Gas Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 38% over the next 5 years.
- This is better than its past earnings decline of 0.6% per year.
- In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 22% 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 | |
|---|---|---|---|---|---|
| TGS TGS | NOK 115.00 | 3.9% +NOK 843.7m | 9.3% | PE43x | |
| ODL Odfjell Drilling | NOK 63.20 | 2.8% +NOK 407.7m | 43.1% | PE21.1x | |
| AKSO Aker Solutions | NOK 31.98 | 1.5% +NOK 231.0m | -12.2% | PE5.8x | |
| AKAST Akastor | NOK 13.48 | 2.3% +NOK 82.1m | 21.4% | PE2.3x | |
| VTURA Ventura Offshore Holding | NOK 25.25 | 2.6% +NOK 68.7m | n/a | n/a |