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Norwegian (OSEAX) Energy Services Industry Analysis

UpdatedDec 07, 2022
DataAggregated Company Financials
Companies34
  • 7D-0.04%
  • 3M5.1%
  • 1Y48.2%
  • YTD45.3%

The Energy Services industry is up 4.5% in the last week, with Subsea 7 up 4.2%. Meanwhile, Seadrill actually underperformed within the industry, shrinking 5.3% in the last week. This takes the industry's 12 month performance to a gain of 54%. As for the next few years, earnings are expected to grow by 43% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 Dec 2022kr137.7bkr160.1bkr43.6b6.8x3.2x0.9x
Fri, 04 Nov 2022kr147.6bkr170.2bkr34.1b10.2x4.3x0.9x
Sun, 02 Oct 2022kr117.3bkr173.0bkr34.8b9.3x3.4x0.7x
Tue, 30 Aug 2022kr127.5bkr158.9bkr29.2b9.3x4.4x0.8x
Thu, 28 Jul 2022kr109.0bkr162.6bkr30.1b9.4x3.6x0.7x
Sat, 25 Jun 2022kr110.9bkr157.0bkr29.1b9.6x3.8x0.7x
Mon, 23 May 2022kr124.5bkr155.1b-kr10,500,798,132.0010.1x-11.9x0.8x
Wed, 20 Apr 2022kr97.6bkr128.8b-kr4,599,359,255.009.9x-21.2x0.8x
Fri, 18 Mar 2022kr89.7bkr130.3b-kr4,728,242,636.009.5x-19x0.7x
Sun, 13 Feb 2022kr79.2bkr127.5bkr4.4b6.3x18.1x0.6x
Tue, 11 Jan 2022kr76.9bkr130.8bkr4.4b5x17.3x0.6x
Thu, 09 Dec 2021kr71.4bkr131.0bkr4.4b5.1x16.1x0.5x
Sat, 06 Nov 2021kr79.8bkr123.0bkr3.0b6x26.7x0.6x
Mon, 04 Oct 2021kr75.3bkr119.4bkr2.4b4.6x31x0.6x
Wed, 01 Sep 2021kr68.5bkr120.8bkr2.1b3.7x32.3x0.6x
Thu, 08 Jul 2021kr77.7bkr120.8bkr2.1b4.7x36.6x0.6x
Wed, 31 Mar 2021kr82.0bkr112.6b-kr7,837,948,681.982.9x-10.5x0.7x
Sat, 02 Jan 2021kr79.3bkr113.4b-kr18,524,081,411.323x-4.3x0.7x
Tue, 06 Oct 2020kr56.2bkr115.5b-kr26,762,155,675.437.2x-2.1x0.5x
Fri, 10 Jul 2020kr59.2bkr133.8b-kr27,499,128,922.678.9x-2.2x0.4x
Thu, 02 Apr 2020kr48.7bkr144.8b-kr19,048,745,519.362.7x-2.6x0.3x
Sun, 05 Jan 2020kr130.8bkr141.6b-kr11,244,694,314.2817x-11.6x0.9x
Price to Earnings Ratio

-11.6x


Total Market Cap: kr130.8bTotal Earnings: -kr11,244,694,314.28Total Revenue: kr141.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Services Industry Price to Earnings3Y Average 561.4x20212022
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 3.3x which is lower than its 3-year average PE of 561x.
  • The 3-year average PS ratio of 20.2x is higher than the industry's current PS ratio of 0.89x.
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 4.0% 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 Market-1.63%
Energy-3.11%
Energy Services-0.043%
Oil and Gas Services1.63%
Oil and Gas Drilling-3.43%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 47.8%, which is higher than its past year's earnings decline of 31.2% per year.
  • Investors are most pessimistic about the Oil and Gas Drilling 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 Services industry, expecting annual earnings growth of 48% over the next 5 years.
  • This is better than its past earnings decline of 31% per year.
  • In contrast, the Oil and Gas Drilling industry is expected to see its earnings grow by 34% 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 7kr112.201.5%
+kr478.8m
74.0%PE123.1x
SOFF Solstad Offshorekr30.6010.5%
+kr224.2m
530.9%PS0.4x
AKSO Aker Solutionskr35.160.5%
+kr78.1m
48.9%PE21.4x
ABL ABL Groupkr14.804.6%
+kr68.1m
43.7%PE18.1x
PRS Prosafekr135.605.9%
+kr66.9m
-85.9%PE0.1x
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Latest News

BORR

kr43.48

Borr Drilling

7D

-4.2%

1Y

171.7%

ODL

kr24.35

Odfjell Drilling

7D

-4.9%

1Y

35.7%

SDRL

kr295.50

Seadrill

7D

-7.1%

1Y

n/a

NOL

kr10.90

Northern Ocean

7D

3.8%

1Y

36.3%

SUBC

kr112.20

Subsea 7

7D

1.5%

1Y

74.0%

SOFF

kr30.60

Solstad Offshore

7D

10.5%

1Y

530.9%

PRS

kr135.60

Prosafe

7D

5.9%

1Y

-85.9%

SIOFF

kr11.50

Siem Offshore

7D

-4.0%

1Y

291.8%

NODL

kr32.80

Northern Drilling

7D

9.2%

1Y

146.2%

DVD

kr16.00

Deep Value Driller

7D

1.9%

1Y

63.2%

ABL

kr14.80

ABL Group

7D

4.6%

1Y

43.7%

PGS

kr5.57

PGS

7D

-5.9%

1Y

59.5%

SHLF

kr21.00

Shelf Drilling

7D

-5.6%

1Y

268.4%

TGS

kr126.50

TGS

7D

-4.6%

1Y

47.2%

SDNS

kr22.90

Shelf Drilling (North Sea)

7D

-7.6%

1Y

n/a