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Norwegian (OSEAX) Energy Services Industry Analysis

UpdatedMar 03, 2024
DataAggregated Company Financials
Companies35
  • 7D5.0%
  • 3M1.5%
  • 1Y-11.3%
  • YTD-3.7%

In the last week, the Energy Services industry is up 5.0%, with Subsea 7 up 12%. In the past year, the industry is down 11%. Looking forward, earnings are forecast to grow by 38% annually.

Industry Valuation and Performance

Has the Norwegian Energy Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 03 Mar 2024kr203.9bkr218.5bkr12.9b10.7x15.8x0.9x
Tue, 30 Jan 2024kr208.2bkr236.8bkr11.2b8x18.6x0.9x
Thu, 28 Dec 2023kr214.7bkr232.1bkr11.0b8.8x19.5x0.9x
Sat, 25 Nov 2023kr213.6bkr230.5bkr10.0b8.1x21.4x0.9x
Mon, 23 Oct 2023kr212.8bkr224.3bkr5.5b11.2x38.9x0.9x
Wed, 20 Sep 2023kr225.2bkr217.2bkr5.1b10.2x43.9x1x
Fri, 18 Aug 2023kr217.6bkr211.6bkr116.5m13.4x1867.6x1x
Sun, 16 Jul 2023kr189.2bkr190.5b-kr142,929,946.0010.9x-1323.4x1x
Tue, 13 Jun 2023kr172.5bkr185.9b-kr438,715,916.0011.3x-393.2x0.9x
Thu, 11 May 2023kr175.6bkr180.4bkr37.3b11.1x4.7x1x
Sat, 08 Apr 2023kr192.9bkr175.6b-kr1,320,273,643.0016.7x-146.1x1.1x
Mon, 06 Mar 2023kr189.5bkr174.9bkr37.5b10.8x5.1x1.1x
Wed, 01 Feb 2023kr161.8bkr160.8bkr44.7b7.8x3.6x1x
Fri, 30 Dec 2022kr140.9bkr159.1bkr43.6b6.9x3.2x0.9x
Sun, 27 Nov 2022kr138.6bkr166.7bkr42.8b7.6x3.2x0.8x
Tue, 25 Oct 2022kr133.2bkr169.8bkr33.8b9.5x3.9x0.8x
Thu, 22 Sep 2022kr124.4bkr166.3bkr33.0b9.8x3.8x0.7x
Sat, 20 Aug 2022kr120.9bkr163.4bkr29.2b9.1x4.1x0.7x
Mon, 18 Jul 2022kr101.5bkr163.9bkr30.2b9.6x3.4x0.6x
Wed, 15 Jun 2022kr124.3bkr157.9bkr29.6b10.3x4.2x0.8x
Fri, 13 May 2022kr114.9bkr153.6b-kr10,537,434,848.009x-10.9x0.7x
Sun, 10 Apr 2022kr95.3bkr128.1b-kr4,758,235,187.0010.1x-20x0.7x
Tue, 08 Mar 2022kr91.4bkr133.2b-kr4,834,162,021.009.8x-18.9x0.7x
Thu, 03 Feb 2022kr76.4bkr130.6bkr4.5b5.3x16.9x0.6x
Sat, 01 Jan 2022kr72.7bkr130.2bkr4.5b5.2x16.2x0.6x
Mon, 29 Nov 2021kr73.1bkr133.1bkr4.3b5.3x17x0.5x
Wed, 27 Oct 2021kr78.3bkr117.6bkr2.3b4.8x33.8x0.7x
Fri, 24 Sep 2021kr67.2bkr118.7bkr2.5b3.8x27.1x0.6x
Sun, 22 Aug 2021kr67.1bkr120.8bkr2.1b3.9x31.6x0.6x
Fri, 09 Jul 2021kr77.7bkr120.8bkr2.1b4.7x36.6x0.6x
Thu, 01 Apr 2021kr82.0bkr112.6b-kr7,837,948,681.982.9x-10.5x0.7x
Price to Earnings Ratio

-4.4x


Total Market Cap: kr81.7bTotal Earnings: -kr18,524,081,411.32Total Revenue: kr113.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Services Industry Price to Earnings3Y Average 552x202220232024
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 17.0x which is lower than its 3-year average PE of 553x.
  • The 3-year average PS ratio of 20.4x is higher than the industry's current PS ratio of 0.95x.
Past Earnings Growth
  • Total earnings for the Energy Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 24% 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 industry?

NO Market0.90%
Energy1.18%
Energy Services5.00%
Oil and Gas Services7.97%
Oil and Gas Drilling0.50%
Industry PE
  • Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio.
    • Analysts expect its future annual earnings growth (39.2%) to be largely in line with prior year's earnings growth.
  • 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 39% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 37% 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
SUBC Subsea 7kr158.9512.2%
+kr5.2b
8.6%PE294.8x
TGS TGSkr106.308.5%
+kr1.1b
-45.5%PE61.1x
DOFG DOF Groupkr69.008.2%
+kr923.9m
n/aPE2.9x
BWO BW Offshorekr26.4816.8%
+kr687.1m
-7.2%PE4.5x
SDRL Seadrillkr457.002.4%
+kr675.8m
1.2%PE10.4x
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Latest News

SDRL

kr457.00

Seadrill

7D

2.4%

1Y

1.2%

SUBC

kr158.95

Subsea 7

7D

12.2%

1Y

8.6%

BWO

kr26.48

BW Offshore

7D

16.8%

1Y

-7.2%

DOFG

kr69.00

DOF Group

7D

8.2%

1Y

n/a

HAVI

kr3.69

Havila Shipping

7D

-19.8%

1Y

-80.0%

DDRIL

kr6.95

Dolphin Drilling

7D

-3.3%

1Y

-46.5%

ABL

kr11.90

ABL Group

7D

-3.3%

1Y

-26.8%

OTL

kr61.10

Odfjell Technology

7D

-4.2%

1Y

13.6%

PGS

kr6.98

PGS

7D

10.2%

1Y

-39.3%

AKSO

kr35.94

Aker Solutions

7D

2.7%

1Y

-16.6%

SHLF

kr27.30

Shelf Drilling

7D

-2.5%

1Y

-13.5%

SOFF

kr37.40

Solstad Offshore

7D

9.9%

1Y

-22.1%

SDNS

kr27.50

Shelf Drilling (North Sea)

7D

-6.5%

1Y

-8.9%

AWDR

kr13.11

Awilco Drilling

7D

-10.8%

1Y

-62.4%