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Norwegian (OSEAX) Oil and Gas Drilling Industry Analysis

UpdatedFeb 20, 2024
DataAggregated Company Financials
  • 7D-1.5%
  • 3M1.1%
  • 1Y-5.0%
  • YTDn/a

Last week, the Oil and Gas Drilling industry hasn't moved much but Odfjell Drilling is up 4.5% in that time. As for the longer term, the industry has declined 6.9% in the last year. As for the next few years, earnings are expected to grow by 43% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 20 Feb 2024kr78.0bkr55.5bkr2.5b11.1x30.7x1.4x
Thu, 18 Jan 2024kr79.7bkr55.0bkr2.5b11.7x32.3x1.4x
Sat, 16 Dec 2023kr79.9bkr54.7bkr2.5b11.1x32.5x1.5x
Mon, 13 Nov 2023kr81.7bkr54.2bkr735.6m34x111.1x1.5x
Wed, 11 Oct 2023kr87.8bkr51.2b-kr1,599,034,425.0027.3x-54.9x1.7x
Fri, 08 Sep 2023kr89.9bkr49.9b-kr1,627,428,358.0015.9x-55.3x1.8x
Sun, 06 Aug 2023kr89.0bkr42.9b-kr4,782,611,592.0011.5x-18.6x2.1x
Tue, 04 Jul 2023kr76.9bkr44.7b-kr4,744,127,334.009.3x-16.2x1.7x
Thu, 01 Jun 2023kr72.8bkr46.3b-kr4,938,772,867.008.9x-14.7x1.6x
Sat, 29 Apr 2023kr72.1bkr42.6bkr33.9b7.8x2.1x1.7x
Mon, 27 Mar 2023kr62.4bkr43.2bkr33.8b7.3x1.8x1.4x
Wed, 22 Feb 2023kr62.0bkr33.0bkr34.4b8x1.8x1.9x
Fri, 20 Jan 2023kr52.6bkr34.3bkr32.9b6.9x1.6x1.5x
Sun, 18 Dec 2022kr42.1bkr34.3bkr32.0b5.4x1.3x1.2x
Tue, 15 Nov 2022kr49.8bkr41.5bkr32.8b5.5x1.5x1.2x
Thu, 13 Oct 2022kr35.6bkr43.9bkr35.1b4.9x1x0.8x
Sat, 10 Sep 2022kr38.4bkr40.8bkr32.3b5.4x1.2x0.9x
Mon, 08 Aug 2022kr32.4bkr38.7bkr31.3b4.8x1x0.8x
Wed, 06 Jul 2022kr32.1bkr39.7bkr32.1b4x1x0.8x
Fri, 03 Jun 2022kr39.3bkr37.1bkr29.6b8.9x1.3x1.1x
Sun, 01 May 2022kr35.6bkr35.9b-kr8,396,985,489.008.4x-4.2x1x
Tue, 29 Mar 2022kr15.0bkr22.2b-kr2,791,868,726.009.8x-5.4x0.7x
Thu, 24 Feb 2022kr11.6bkr23.4b-kr3,445,621,493.0038.7x-3.4x0.5x
Sat, 22 Jan 2022kr11.6bkr23.4b-kr4,080,904,185.0047x-2.8x0.5x
Mon, 20 Dec 2021kr10.1bkr23.8b-kr4,141,753,656.0039.9x-2.4x0.4x
Wed, 17 Nov 2021kr11.2bkr23.0b-kr3,727,596,850.0047x-3x0.5x
Fri, 15 Oct 2021kr10.8bkr21.9b-kr3,777,868,229.004.5x-2.9x0.5x
Sun, 12 Sep 2021kr8.7bkr22.2b-kr3,844,381,500.963.8x-2.3x0.4x
Tue, 10 Aug 2021kr9.2bkr23.0b-kr3,998,310,106.944x-2.3x0.4x
Mon, 03 May 2021kr10.2bkr22.4b-kr3,922,163,552.103.8x-2.6x0.5x
Price to Earnings Ratio


Total Market Cap: kr10.5bTotal Earnings: -kr5,923,543,277.98Total Revenue: kr23.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Drilling Industry Price to Earnings3Y Average -619.2x202220232024
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 30.2x which is higher than its 3-year average PE of -622x.
  • The 3-year average PS ratio of 110x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • Total earnings for the Oil and Gas Drilling industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 32% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

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

NO Market-0.25%
Energy Services0.52%
Oil and Gas Drilling-1.46%
Oil and Gas Services1.86%
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 Drillingkr45.155.0%
OTL Odfjell Technologykr64.7019.2%
SDNS Shelf Drilling (North Sea)kr29.308.5%
DDRIL Dolphin Drillingkr7.205.9%
NOL Northern Oceankr8.455.6%
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