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Norwegian (OSEAX) Oil and Gas Drilling Industry Analysis

UpdatedJan 03, 2026
DataAggregated Company Financials
Companies8
  • 7D0.5%
  • 3M8.4%
  • 1Y21.5%
  • YTDn/a

In the last week, Oil and Gas Drilling has been flat. As for the the longer term, the industry is up 25% over the past 12 months. Earnings are forecast to grow by 68% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 03 Jan 2026NOK 219.0bNOK 41.5bNOK 585.9m9.6x373.9x5.3x
Mon, 01 Dec 2025NOK 212.4bNOK 51.7bNOK 1.8b6.5x120.2x4.1x
Wed, 29 Oct 2025NOK 191.8bNOK 49.9bNOK 692.2m6.2x277.2x3.8x
Fri, 26 Sep 2025NOK 198.5bNOK 50.2bNOK 694.8m6.5x285.7x4x
Sun, 24 Aug 2025NOK 171.3bNOK 50.2bNOK 1.4b8.1x119.8x3.4x
Tue, 22 Jul 2025NOK 155.3bNOK 50.0bNOK 931.3m7.3x166.7x3.1x
Thu, 19 Jun 2025NOK 39.5bNOK 49.2bNOK 919.4m7.2x43x0.8x
Sat, 17 May 2025NOK 37.4bNOK 50.3bNOK 2.9b4.7x13x0.7x
Mon, 14 Apr 2025NOK 34.3bNOK 41.8bNOK 2.5b6.4x13.5x0.8x
Wed, 12 Mar 2025NOK 37.8bNOK 41.8bNOK 2.5b6.3x14.9x0.9x
Fri, 07 Feb 2025NOK 37.0bNOK 44.0bNOK 3.0b6.5x12.3x0.8x
Sun, 05 Jan 2025NOK 36.8bNOK 44.4bNOK 3.0b6.7x12.1x0.8x
Tue, 03 Dec 2024NOK 45.3bNOK 54.4bNOK 3.9b8.9x11.5x0.8x
Thu, 31 Oct 2024NOK 46.2bNOK 52.3bNOK 5.5b9.8x8.4x0.9x
Sat, 28 Sep 2024NOK 51.5bNOK 51.5bNOK 4.5b11.9x11.4x1x
Mon, 26 Aug 2024NOK 56.0bNOK 50.6bNOK 3.6b5.8x15.4x1.1x
Wed, 24 Jul 2024NOK 63.2bNOK 51.7bNOK 2.7b7x23x1.2x
Fri, 21 Jun 2024NOK 48.9bNOK 47.9bNOK 2.9b6.7x16.9x1x
Sun, 19 May 2024NOK 44.9bNOK 46.9bNOK 1.4b10.2x31.1x1x
Tue, 16 Apr 2024NOK 45.1bNOK 46.3bNOK 1.1b7x39.5x1x
Thu, 14 Mar 2024NOK 82.2bNOK 60.0bNOK 4.3b9.2x19.3x1.4x
Sat, 10 Feb 2024NOK 78.3bNOK 55.3bNOK 2.6b11.2x30.6x1.4x
Mon, 08 Jan 2024NOK 82.7bNOK 54.0bNOK 2.4b12.2x34x1.5x
Wed, 06 Dec 2023NOK 78.1bNOK 57.0bNOK 2.6b10.7x30.5x1.4x
Fri, 03 Nov 2023NOK 85.9bNOK 53.0bNOK 218.3m21.9x393.7x1.6x
Sun, 01 Oct 2023NOK 90.4bNOK 50.8b-NOK 1,581,895,409.0028.2x-57.1x1.8x
Tue, 29 Aug 2023NOK 90.8bNOK 49.6b-NOK 1,708,757,391.0016.2x-53.1x1.8x
Thu, 27 Jul 2023NOK 84.0bNOK 42.9b-NOK 4,775,121,686.0010.8x-17.6x2x
Sat, 24 Jun 2023NOK 70.9bNOK 45.4b-NOK 4,827,538,950.008.6x-14.7x1.6x
Mon, 22 May 2023NOK 75.1bNOK 44.3bNOK 33.8b7.8x2.2x1.7x
Wed, 19 Apr 2023NOK 74.1bNOK 42.0b-NOK 5,503,733,509.008.7x-13.5x1.8x
Fri, 17 Mar 2023NOK 61.6bNOK 43.3bNOK 34.5b7x1.8x1.4x
Sun, 12 Feb 2023NOK 60.4bNOK 35.0bNOK 33.7b7.2x1.8x1.7x
Tue, 10 Jan 2023NOK 47.2bNOK 34.1bNOK 32.7b5.4x1.4x1.4x
Price to Earnings Ratio

1.4x


Total Market Cap: NOK 47.2bTotal Earnings: NOK 32.7bTotal Revenue: NOK 34.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Drilling Industry Price to Earnings3Y Average 49.7x202420252026
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 372x which is higher than its 3-year average PE of 48.4x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 5.3x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Drilling industry have declined 74% per year over the last three years.
  • Meanwhile revenues for these companies have grown 5.5% 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 Market1.94%
Energy3.18%
Energy Services1.27%
Oil and Gas Drilling0.53%
Oil and Gas Services2.28%
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 89.103.4%
+NOK 695.4m		56.9%PE14.9x
PLSV Paratus Energy ServicesNOK 44.463.1%
+NOK 214.8m		-3.9%PE12.5x
OTL Odfjell TechnologyNOK 57.407.9%
+NOK 165.7m		19.0%PE6.7x
ARCH ArcherNOK 22.953.1%
+NOK 69.6m		-14.8%PS0.2x
VTURA Ventura Offshore HoldingNOK 18.550.5%
+NOK 10.6m		-30.9%PE1.9x

Latest News

DDRIL
NOK 0.0095
Dolphin Drilling
7D
-1.0%
1Y
-99.7%
PLSV
NOK 44.46
Paratus Energy Services
7D
3.1%
1Y
-3.9%
VTURA
NOK 18.55
Ventura Offshore Holding
7D
0.5%
1Y
-30.9%
ARCH
NOK 22.95
Archer
7D
3.1%
1Y
-14.8%

ARCH: Long-Term North Sea Contracts Will Support Future Earnings Momentum

Analysts have trimmed their price target on Archer from 35 to 30 dollars. This reflects slightly more conservative margin expectations, even as they modestly improve assumptions for long term revenue growth and discount rates.
ODL
NOK 89.10
Odfjell Drilling
7D
3.4%
1Y
56.9%

ODL: Contract Extensions And Dividend Are Expected To Drive Shares Higher

Analysts have raised their price target on Odfjell Drilling significantly, from approximately NOK 65 to NOK 101. They cite expectations of faster revenue growth, higher profit margins, and slightly richer future valuation multiples supported by a lower perceived discount rate.
OTL
NOK 57.40
Odfjell Technology
7D
7.9%
1Y
19.0%
NOL
NOK 8.60
Northern Ocean
7D
0.4%
1Y
5.5%
DVD
NOK 20.55
Deep Value Driller
7D
0.2%
1Y
21.6%