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Norwegian (OSEAX) Energy Services Industry Analysis

UpdatedDec 21, 2024
DataAggregated Company Financials
Companies30
  • 7D-2.0%
  • 3M-11.1%
  • 1Y-5.7%
  • YTD-8.0%

In the last week, the Energy Services industry is flat overall, with Shelf Drilling (North Sea) standing out by going down 29%. Unfortunately though, the industry is down 4.5% over the past 12 months. Earnings are forecast to grow by 31% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 21 Dec 2024NOK 170.2bNOK 223.9bNOK 17.6b6.2x9.6x0.8x
Mon, 18 Nov 2024NOK 187.3bNOK 221.0bNOK 17.2b9.3x10.9x0.8x
Wed, 16 Oct 2024NOK 183.4bNOK 213.9bNOK 17.4b8.7x10.5x0.9x
Fri, 13 Sep 2024NOK 184.6bNOK 213.2bNOK 15.8b6.4x11.7x0.9x
Sun, 11 Aug 2024NOK 205.8bNOK 211.7bNOK 14.9b11.7x13.8x1x
Tue, 09 Jul 2024NOK 213.5bNOK 202.2bNOK 12.9b14.1x16.5x1.1x
Thu, 06 Jun 2024NOK 198.5bNOK 209.9bNOK 13.5b14.8x14.7x0.9x
Sat, 04 May 2024NOK 186.7bNOK 210.0bNOK 11.9b11.5x15.7x0.9x
Mon, 01 Apr 2024NOK 221.6bNOK 219.3bNOK 13.1b9.7x16.9x1x
Wed, 28 Feb 2024NOK 197.0bNOK 209.8bNOK 11.4b12.4x17.3x0.9x
Fri, 26 Jan 2024NOK 206.4bNOK 237.0bNOK 11.2b8x18.4x0.9x
Sun, 24 Dec 2023NOK 210.9bNOK 233.9bNOK 11.1b8.7x19x0.9x
Tue, 21 Nov 2023NOK 215.1bNOK 230.4bNOK 10.1b7.6x21.2x0.9x
Thu, 19 Oct 2023NOK 219.7bNOK 224.3bNOK 5.5b11.6x40.1x1x
Sat, 16 Sep 2023NOK 218.9bNOK 216.9bNOK 5.1b9.9x42.7x1x
Mon, 14 Aug 2023NOK 206.6bNOK 197.2b-NOK 1,471,260,104.0013x-140.4x1x
Wed, 12 Jul 2023NOK 185.3bNOK 190.7b-NOK 311,419,671.0010.7x-595x1x
Fri, 09 Jun 2023NOK 180.4bNOK 187.1b-NOK 457,927,341.0011.2x-394x1x
Sun, 07 May 2023NOK 175.7bNOK 180.4bNOK 38.0b14.4x4.6x1x
Tue, 04 Apr 2023NOK 185.2bNOK 174.5bNOK 37.4b15.5x5x1.1x
Thu, 02 Mar 2023NOK 184.6bNOK 178.8bNOK 48.6b8.3x3.8x1x
Sat, 28 Jan 2023NOK 161.3bNOK 159.6bNOK 44.2b7.8x3.7x1x
Mon, 26 Dec 2022NOK 139.9bNOK 159.1bNOK 43.6b7.1x3.2x0.9x
Wed, 23 Nov 2022NOK 140.6bNOK 169.7bNOK 44.2b6.2x3.2x0.8x
Fri, 21 Oct 2022NOK 132.2bNOK 169.7bNOK 33.8b9.5x3.9x0.8x
Sun, 18 Sep 2022NOK 129.6bNOK 165.1bNOK 32.7b9.8x4x0.8x
Tue, 16 Aug 2022NOK 119.4bNOK 162.2bNOK 28.8b9.3x4.1x0.7x
Thu, 14 Jul 2022NOK 106.4bNOK 160.5bNOK 30.1b10x3.5x0.7x
Sat, 11 Jun 2022NOK 133.9bNOK 154.3bNOK 28.7b12.6x4.7x0.9x
Mon, 09 May 2022NOK 116.1bNOK 150.4b-NOK 10,410,703,728.009.2x-11.2x0.8x
Wed, 06 Apr 2022NOK 91.9bNOK 128.2b-NOK 4,762,063,292.0010.1x-19.3x0.7x
Fri, 04 Mar 2022NOK 86.4bNOK 128.8b-NOK 5,673,625,201.009.7x-15.2x0.7x
Sun, 30 Jan 2022NOK 76.9bNOK 132.3bNOK 4.4b5.2x17.3x0.6x
Tue, 28 Dec 2021NOK 71.8bNOK 130.5bNOK 4.5b5.1x16.1x0.6x
Price to Earnings Ratio

16.1x


Total Market Cap: NOK 71.8bTotal Earnings: NOK 4.5bTotal Revenue: NOK 130.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Services Industry Price to Earnings3Y Average 538.4x202220232024
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 9.7x which is lower than its 3-year average PE of 538x.
  • The 3-year average PS ratio of 20.0x is higher than the industry's current PS ratio of 0.76x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have grown 59% per year over the last three years.
  • Revenues for these companies have grown 20% 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-2.76%
Energy-1.81%
Energy Services-2.04%
Oil and Gas Services-1.14%
Oil and Gas Drilling-4.60%
Industry PE
  • Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 49.2%, 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 49% 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 26% 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
PLSV Paratus Energy ServicesNOK 44.922.3%
+NOK 172.9m		n/aPE22.7x
SOFF Solstad OffshoreNOK 40.143.6%
+NOK 130.0m		6.1%PS0.9x
AKSO Aker SolutionsNOK 30.680.4%
+NOK 57.5m		-27.1%PE12.2x
BWO BW OffshoreNOK 27.500.9%
+NOK 45.2m		24.3%PE3.7x
VTURA Ventura Offshore HoldingNOK 25.701.0%
+NOK 26.4m		n/an/a
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Latest News

AKSO

NOK 30.68

Aker Solutions

7D

0.4%

1Y

-27.1%

SHLF

NOK 9.08

Shelf Drilling

7D

-10.6%

1Y

-68.7%

Not Many Are Piling Into Shelf Drilling, Ltd. (OB:SHLF) Stock Yet As It Plummets 36%

Dec 20
Not Many Are Piling Into Shelf Drilling, Ltd. (OB:SHLF) Stock Yet As It Plummets 36%

SEA1

NOK 24.15

Sea1 Offshore

7D

-4.4%

1Y

-13.4%

Is Now The Time To Put Sea1 Offshore (OB:SEA1) On Your Watchlist?

Dec 18
Is Now The Time To Put Sea1 Offshore (OB:SEA1) On Your Watchlist?

EIOF

NOK 13.28

Eidesvik Offshore

7D

0.2%

1Y

-4.5%

TGS

NOK 109.90

TGS

7D

-2.5%

1Y

-17.5%

SOFF

NOK 40.14

Solstad Offshore

7D

3.6%

1Y

6.1%

REACH

NOK 7.58

Reach Subsea

7D

1.1%

1Y

73.9%

PLSV

NOK 44.92

Paratus Energy Services

7D

2.3%

1Y

n/a

Solid Earnings Reflect Paratus Energy Services' (OB:PLSV) Strength As A Business

Dec 07
Solid Earnings Reflect Paratus Energy Services' (OB:PLSV) Strength As A Business

BWO

NOK 27.50

BW Offshore

7D

0.9%

1Y

24.3%

SUBC

NOK 176.10

Subsea 7

7D

-1.2%

1Y

19.2%

VTURA

NOK 25.70

Ventura Offshore Holding

7D

1.0%

1Y

n/a

EMGS

NOK 2.00

Electromagnetic Geoservices

7D

0.4%

1Y

1.2%

NOL

NOK 7.46

Northern Ocean

7D

-9.9%

1Y

-25.3%

BORR

NOK 39.58

Borr Drilling

7D

-5.8%

1Y

-46.7%

ODL

NOK 49.60

Odfjell Drilling

7D

-6.8%

1Y

27.3%

We Think That There Are More Issues For Odfjell Drilling (OB:ODL) Than Just Sluggish Earnings

Nov 13
We Think That There Are More Issues For Odfjell Drilling (OB:ODL) Than Just Sluggish Earnings

SDNS

NOK 21.00

Shelf Drilling (North Sea)

7D

-29.3%

1Y

-31.6%