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Norwegian (OSEAX) Oil and Gas Drilling Industry Analysis

UpdatedSep 28, 2025
DataAggregated Company Financials
Companies9
  • 7D0.2%
  • 3M28.9%
  • 1Y16.6%
  • YTDn/a

In the last week, the Oil and Gas Drilling 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 17% over the past 12 months. Looking forward, earnings are forecast to grow by 78% annually.

Industry Valuation and Performance

Has the Norwegian Oil and Gas Drilling Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 29 Sep 2025NOK 202.7bNOK 49.9bNOK 691.6m6.6x293x4.1x
Wed, 27 Aug 2025NOK 177.7bNOK 50.2bNOK 1.1b5.7x154.5x3.5x
Fri, 25 Jul 2025NOK 156.7bNOK 49.8bNOK 928.5m7.1x168.7x3.1x
Sun, 22 Jun 2025NOK 39.2bNOK 49.8bNOK 927.9m7x42.3x0.8x
Tue, 20 May 2025NOK 36.8bNOK 49.9bNOK 2.8b4.8x12.9x0.7x
Thu, 17 Apr 2025NOK 35.8bNOK 41.7bNOK 2.5b6.7x14.1x0.9x
Sat, 15 Mar 2025NOK 38.8bNOK 41.8bNOK 2.5b6.7x15.3x0.9x
Mon, 10 Feb 2025NOK 37.0bNOK 44.0bNOK 3.0b6.6x12.2x0.8x
Wed, 08 Jan 2025NOK 36.4bNOK 44.3bNOK 3.0b6.8x12x0.8x
Fri, 06 Dec 2024NOK 44.1bNOK 54.1bNOK 3.9b8.4x11.3x0.8x
Sun, 03 Nov 2024NOK 45.7bNOK 53.1bNOK 5.6b13.7x8.2x0.9x
Tue, 01 Oct 2024NOK 52.1bNOK 51.7bNOK 4.5b11.9x11.5x1x
Thu, 29 Aug 2024NOK 53.9bNOK 50.8bNOK 3.6b5.9x14.8x1.1x
Sat, 27 Jul 2024NOK 63.2bNOK 51.7bNOK 2.7b6.8x23x1.2x
Mon, 24 Jun 2024NOK 49.4bNOK 48.0bNOK 2.9b6.5x17.1x1x
Wed, 22 May 2024NOK 45.7bNOK 47.1bNOK 1.6b10.8x29x1x
Fri, 19 Apr 2024NOK 44.5bNOK 46.7bNOK 1.1b6.9x38.7x1x
Sun, 17 Mar 2024NOK 85.6bNOK 60.7bNOK 4.3b9.6x19.9x1.4x
Tue, 13 Feb 2024NOK 79.3bNOK 55.0bNOK 2.5b11.3x31.1x1.4x
Thu, 11 Jan 2024NOK 78.1bNOK 54.2bNOK 2.4b11.5x32x1.4x
Sat, 09 Dec 2023NOK 75.2bNOK 56.9bNOK 2.6b10.4x29.4x1.3x
Mon, 06 Nov 2023NOK 85.4bNOK 52.8bNOK 139.5m21.2x612x1.6x
Wed, 04 Oct 2023NOK 89.6bNOK 51.5b-NOK 1,609,266,779.0027.5x-55.6x1.7x
Fri, 01 Sep 2023NOK 90.2bNOK 49.7b-NOK 1,619,128,260.0016.1x-55.7x1.8x
Sun, 30 Jul 2023NOK 84.1bNOK 43.2b-NOK 4,809,600,824.0010.7x-17.5x1.9x
Tue, 27 Jun 2023NOK 71.3bNOK 44.9b-NOK 4,764,396,876.008.7x-15x1.6x
Thu, 25 May 2023NOK 76.2bNOK 45.7b-NOK 5,795,296,508.009.4x-13.2x1.7x
Sat, 22 Apr 2023NOK 71.7bNOK 42.5bNOK 33.7b8.2x2.1x1.7x
Mon, 20 Mar 2023NOK 61.9bNOK 43.2bNOK 34.4b7x1.8x1.4x
Wed, 15 Feb 2023NOK 62.1bNOK 35.0bNOK 33.7b8x1.8x1.8x
Fri, 13 Jan 2023NOK 47.8bNOK 34.3bNOK 32.9b5.3x1.5x1.4x
Sun, 11 Dec 2022NOK 41.3bNOK 34.5bNOK 33.1b5.2x1.2x1.2x
Tue, 08 Nov 2022NOK 50.5bNOK 41.9bNOK 33.3b5.4x1.5x1.2x
Thu, 06 Oct 2022NOK 36.6bNOK 43.3bNOK 34.6b5x1.1x0.8x
Price to Earnings Ratio

1.1x


Total Market Cap: NOK 36.6bTotal Earnings: NOK 34.6bTotal Revenue: NOK 43.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Drilling Industry Price to Earnings3Y Average 25.6x202320242025
Current Industry PE
  • Investors are optimistic on the Norwegian Oil and Gas Drilling industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 293x which is higher than its 3-year average PE of 25.3x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 4.1x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Drilling industry have declined 73% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Norwegian Oil and Gas Drilling compare with similar industries?

NO Market1.34%
Energy4.64%
Energy Services1.59%
Oil and Gas Drilling0.19%
Oil and Gas Services3.41%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ODL Odfjell DrillingNOK 80.302.4%
+NOK 455.6m		59.0%PE18.1x
OTL Odfjell TechnologyNOK 63.007.1%
+NOK 165.7m		28.2%PE9.1x
SHLF Shelf DrillingNOK 18.360.4%
+NOK 20.6m		7.1%PE4.1x
DDRIL Dolphin DrillingNOK 0.00982.1%
+NOK 6.5m		-99.7%PS0.2x

Latest News

ARCH
NOK 22.80
Archer
7D
-6.9%
1Y
2.4%

Recurring Operations And Energy Transition Will Secure Future Resilience

The consensus analyst price target for Archer has been revised downward to NOK35.00, primarily reflecting a sharp increase in future P/E and a moderation in expected revenue growth. What's in the News Archer completed a NOK 684.7 million follow-on equity offering, issuing 21,583,826 and 8,848,000 ordinary shares at NOK 22.5 per share under Regulation S with a subsequent direct listing.
SHLF
NOK 18.36
Shelf Drilling
7D
0.4%
1Y
7.1%
NOL
NOK 6.10
Northern Ocean
7D
-4.1%
1Y
-3.3%
DDRIL
NOK 0.0098
Dolphin Drilling
7D
2.1%
1Y
-99.7%
PLSV
NOK 41.68
Paratus Energy Services
7D
-0.4%
1Y
-22.9%

Paratus Energy Services Ltd. Just Missed EPS By 64%: Here's What Analysts Think Will Happen Next

Aug 29
Paratus Energy Services Ltd. Just Missed EPS By 64%: Here's What Analysts Think Will Happen Next
OTL
NOK 63.00
Odfjell Technology
7D
7.1%
1Y
28.2%

Results: Odfjell Technology Ltd. Exceeded Expectations And The Consensus Has Updated Its Estimates

Aug 24
Results: Odfjell Technology Ltd. Exceeded Expectations And The Consensus Has Updated Its Estimates
ODL
NOK 80.30
Odfjell Drilling
7D
2.4%
1Y
59.0%

Odfjell Drilling Ltd. Just Beat EPS By 70%: Here's What Analysts Think Will Happen Next

Aug 22
Odfjell Drilling Ltd. Just Beat EPS By 70%: Here's What Analysts Think Will Happen Next
DVD
NOK 19.54
Deep Value Driller
7D
-2.3%
1Y
-0.8%
SDNS
NOK 21.00
Shelf Drilling (North Sea)
7D
-29.3%
1Y
-31.6%