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Norwegian (OSEAX) Energy Services Industry Analysis

UpdatedFeb 11, 2025
DataAggregated Company Financials
Companies29
  • 7D0.6%
  • 3M-0.7%
  • 1Y14.9%
  • YTD-0.5%

In the last week, the Energy Services industry is flat overall, with Shelf Drilling (North Sea) standing out by going down 29%. As for the the longer term, the industry is up 14% over the past 12 months. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Feb 2025NOK 171.9bNOK 211.0bNOK 16.5b6.5x10.4x0.8x
Thu, 09 Jan 2025NOK 175.1bNOK 213.6bNOK 16.8b6.5x10.5x0.8x
Sat, 07 Dec 2024NOK 170.9bNOK 221.1bNOK 17.4b7.7x9.8x0.8x
Mon, 04 Nov 2024NOK 180.9bNOK 218.0bNOK 18.0b11.2x10x0.8x
Wed, 02 Oct 2024NOK 184.9bNOK 212.0bNOK 16.4b8.6x11.3x0.9x
Fri, 30 Aug 2024NOK 202.7bNOK 210.2bNOK 15.3b14x13.3x1x
Sun, 28 Jul 2024NOK 224.7bNOK 214.9bNOK 15.0b11.2x15x1x
Tue, 25 Jun 2024NOK 199.5bNOK 209.7bNOK 13.5b13.1x14.8x1x
Thu, 23 May 2024NOK 192.1bNOK 210.6bNOK 12.0b14.5x16x0.9x
Sat, 20 Apr 2024NOK 186.5bNOK 206.0bNOK 9.9b9.3x18.8x0.9x
Mon, 18 Mar 2024NOK 216.4bNOK 216.2bNOK 13.0b9x16.7x1x
Wed, 14 Feb 2024NOK 193.8bNOK 210.1bNOK 9.6b9x20.1x0.9x
Fri, 12 Jan 2024NOK 202.0bNOK 235.3bNOK 11.2b8.1x18.1x0.9x
Sun, 10 Dec 2023NOK 199.6bNOK 243.2bNOK 11.4b7.9x17.5x0.8x
Tue, 07 Nov 2023NOK 217.7bNOK 229.3bNOK 7.8b8.1x28.1x0.9x
Thu, 05 Oct 2023NOK 218.3bNOK 220.0bNOK 5.4b10.2x40.2x1x
Sat, 02 Sep 2023NOK 216.9bNOK 215.9bNOK 5.1b9.9x42.2x1x
Mon, 31 Jul 2023NOK 195.3bNOK 194.0b-NOK 1,252,291,758.0011.8x-155.9x1x
Wed, 28 Jun 2023NOK 171.5bNOK 194.9b-NOK 374,809,439.0010x-457.6x0.9x
Fri, 26 May 2023NOK 182.4bNOK 187.6b-NOK 1,271,038,207.0011.6x-143.5x1x
Sun, 23 Apr 2023NOK 179.9bNOK 176.6bNOK 37.9b15.2x4.7x1x
Tue, 21 Mar 2023NOK 175.8bNOK 179.0bNOK 38.6b13.3x4.5x1x
Thu, 16 Feb 2023NOK 180.0bNOK 168.6bNOK 47.2b8.1x3.8x1.1x
Sat, 14 Jan 2023NOK 149.0bNOK 159.4bNOK 43.7b7.8x3.4x0.9x
Mon, 12 Dec 2022NOK 132.2bNOK 160.2bNOK 44.0b6.5x3x0.8x
Wed, 09 Nov 2022NOK 150.7bNOK 170.5bNOK 44.4b8.1x3.4x0.9x
Fri, 07 Oct 2022NOK 127.7bNOK 170.4bNOK 34.1b9.5x3.7x0.7x
Sun, 04 Sep 2022NOK 128.8bNOK 161.3bNOK 29.6b10.4x4.4x0.8x
Tue, 02 Aug 2022NOK 114.2bNOK 160.4bNOK 29.9b9.7x3.8x0.7x
Thu, 30 Jun 2022NOK 116.0bNOK 157.1bNOK 29.2b11.3x4x0.7x
Sat, 28 May 2022NOK 130.1bNOK 152.0bNOK 27.8b10.2x4.7x0.9x
Mon, 25 Apr 2022NOK 97.0bNOK 133.0b-NOK 4,523,465,687.009.8x-21.4x0.7x
Wed, 23 Mar 2022NOK 94.8bNOK 130.2b-NOK 4,724,607,753.0010.6x-20.1x0.7x
Fri, 18 Feb 2022NOK 77.2bNOK 128.8bNOK 4.8b6.3x16x0.6x
Price to Earnings Ratio

16x


Total Market Cap: NOK 77.2bTotal Earnings: NOK 4.8bTotal Revenue: NOK 128.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Services Industry Price to Earnings3Y Average -9.2x202320242025
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 10.3x which is higher than its 3-year average PE of -9.2x.
  • 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 51% per year over the last three years.
  • Revenues for these companies have grown 18% 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-0.68%
Energy0.47%
Energy Services0.59%
Oil and Gas Services0.64%
Oil and Gas Drilling0.42%
Industry PE
  • Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio of 8.6x.
    • Analysts are expecting annual earnings growth of 41.7%, 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 42% 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 24% 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
AKSO Aker SolutionsNOK 35.006.5%
+NOK 1.0b
-3.6%PE14x
SUBC Subsea 7NOK 190.201.4%
+NOK 768.6m
36.4%PE30.9x
TGS TGSNOK 113.401.4%
+NOK 313.9m
14.7%PE42x
ODL Odfjell DrillingNOK 63.201.9%
+NOK 287.8m
47.0%PE18.4x
REACH Reach SubseaNOK 8.6010.0%
+NOK 220.5m
86.1%PE10.1x
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Latest News

AKSO

NOK 35.00

Aker Solutions

7D

6.5%

1Y

-3.6%

DVD

NOK 16.14

Deep Value Driller

7D

-3.2%

1Y

-29.8%

PRS

NOK 7.90

Prosafe

7D

-16.4%

1Y

-84.5%

TGS

NOK 113.40

TGS

7D

1.4%

1Y

14.7%

ARCH

NOK 27.85

Archer

7D

3.1%

1Y

20.8%

SDNS

NOK 21.00

Shelf Drilling (North Sea)

7D

-29.3%

1Y

-31.6%

VTURA

NOK 26.90

Ventura Offshore Holding

7D

7.8%

1Y

n/a

DDRIL

NOK 3.26

Dolphin Drilling

7D

-9.2%

1Y

-52.1%

AKAST

NOK 13.10

Akastor

7D

-0.8%

1Y

19.3%

REACH

NOK 8.60

Reach Subsea

7D

10.0%

1Y

86.1%

PLSV

NOK 44.36

Paratus Energy Services

7D

-0.8%

1Y

n/a

DOFG

NOK 95.75

DOF Group

7D

-0.6%

1Y

63.0%

SOFF

NOK 42.30

Solstad Offshore

7D

3.2%

1Y

22.7%