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Norwegian (OSEAX) Oil and Gas Drilling Industry Analysis

UpdatedApr 18, 2025
DataAggregated Company Financials
Companies10
  • 7D4.6%
  • 3M-19.8%
  • 1Y-25.2%
  • YTDn/a

Over the last 7 days, the Oil and Gas Drilling industry has risen 4.1%, driven by gains from Odfjell Drilling of 6.9%. In the same time, Shelf Drilling (North Sea) was down 29%. In contrast, the industry has lost 25% in the last 12 months. Looking forward, earnings are forecast to grow by 37% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 18 Apr 2025NOK 35.8bNOK 41.3bNOK 2.5b6.7x14.3x0.9x
Sun, 16 Mar 2025NOK 38.8bNOK 41.8bNOK 2.5b6.7x15.3x0.9x
Tue, 11 Feb 2025NOK 36.9bNOK 43.9bNOK 3.0b6.6x12.3x0.8x
Thu, 09 Jan 2025NOK 36.4bNOK 44.5bNOK 3.1b6.7x11.9x0.8x
Sat, 07 Dec 2024NOK 43.4bNOK 54.5bNOK 3.9b8.2x11x0.8x
Mon, 04 Nov 2024NOK 45.7bNOK 53.1bNOK 5.6b13.7x8.2x0.9x
Wed, 02 Oct 2024NOK 52.1bNOK 52.0bNOK 4.5b11.8x11.5x1x
Fri, 30 Aug 2024NOK 54.2bNOK 51.1bNOK 3.8b5.9x14.4x1.1x
Sun, 28 Jul 2024NOK 63.2bNOK 51.7bNOK 2.7b6.8x23x1.2x
Tue, 25 Jun 2024NOK 48.9bNOK 47.9bNOK 2.9b6.5x16.9x1x
Thu, 23 May 2024NOK 46.1bNOK 47.3bNOK 1.6b10.9x29.2x1x
Sat, 20 Apr 2024NOK 44.5bNOK 46.7bNOK 1.1b6.9x38.7x1x
Mon, 18 Mar 2024NOK 85.6bNOK 60.7bNOK 4.3b9.6x19.9x1.4x
Wed, 14 Feb 2024NOK 77.6bNOK 55.9bNOK 2.6b10.8x30x1.4x
Fri, 12 Jan 2024NOK 77.6bNOK 54.1bNOK 2.4b11.5x31.9x1.4x
Sun, 10 Dec 2023NOK 75.6bNOK 56.9bNOK 2.6b10.4x29.6x1.3x
Tue, 07 Nov 2023NOK 85.1bNOK 52.4bNOK 98.8m21.6x861.2x1.6x
Thu, 05 Oct 2023NOK 89.6bNOK 51.7b-NOK 1,628,892,850.0026.5x-55x1.7x
Sat, 02 Sep 2023NOK 92.4bNOK 49.8b-NOK 1,621,203,285.0016.2x-57x1.9x
Mon, 31 Jul 2023NOK 84.1bNOK 43.2b-NOK 4,809,600,824.0010.7x-17.5x1.9x
Wed, 28 Jun 2023NOK 71.3bNOK 44.9b-NOK 4,762,683,826.008.7x-15x1.6x
Fri, 26 May 2023NOK 76.2bNOK 45.7b-NOK 5,795,296,508.009.4x-13.2x1.7x
Sun, 23 Apr 2023NOK 71.7bNOK 42.4bNOK 33.7b8.2x2.1x1.7x
Tue, 21 Mar 2023NOK 62.3bNOK 43.9bNOK 34.4b7.2x1.8x1.4x
Thu, 16 Feb 2023NOK 62.1bNOK 35.1bNOK 33.8b8x1.8x1.8x
Sat, 14 Jan 2023NOK 49.2bNOK 34.2bNOK 32.8b5.8x1.5x1.4x
Mon, 12 Dec 2022NOK 41.3bNOK 34.5bNOK 33.1b5.2x1.2x1.2x
Wed, 09 Nov 2022NOK 50.5bNOK 41.9bNOK 33.3b5.4x1.5x1.2x
Fri, 07 Oct 2022NOK 37.5bNOK 43.5bNOK 34.7b5x1.1x0.9x
Sun, 04 Sep 2022NOK 39.1bNOK 40.2bNOK 30.1b5.4x1.3x1x
Tue, 02 Aug 2022NOK 31.4bNOK 37.9bNOK 30.6b4.5x1x0.8x
Thu, 30 Jun 2022NOK 36.7bNOK 38.9bNOK 31.4b4.4x1.2x0.9x
Sat, 28 May 2022NOK 38.7bNOK 36.8bNOK 29.7b7.6x1.3x1.1x
Mon, 25 Apr 2022NOK 17.6bNOK 25.8b-NOK 2,733,940,838.009.1x-6.4x0.7x
Price to Earnings Ratio

-6.4x


Total Market Cap: NOK 17.6bTotal Earnings: -NOK 2,733,940,838.00Total Revenue: NOK 25.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Drilling Industry Price to Earnings3Y Average 9.8x202320242025
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 14.2x which is higher than its 3-year average PE of 9.7x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.86x.
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 17% 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 Market3.13%
Energy1.76%
Energy Services2.86%
Oil and Gas Drilling4.60%
Oil and Gas Services2.33%
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
PLSV Paratus Energy ServicesNOK 36.047.1%
+NOK 403.5m		n/aPE18.4x
COSH Constellation Oil Services HoldingNOK 4.755.6%
+NOK 380.0m		n/an/a
ODL Odfjell DrillingNOK 54.102.9%
+NOK 359.7m		1.5%PE19.1x
DDRIL Dolphin DrillingNOK 2.6023.8%
+NOK 145.9m		-57.7%PS0.8x
OTL Odfjell TechnologyNOK 43.207.9%
+NOK 124.3m		-28.7%PE6.7x
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Latest News

OTL

NOK 43.20

Odfjell Technology

7D

7.9%

1Y

-28.7%

We Like These Underlying Return On Capital Trends At Odfjell Technology (OB:OTL)

Apr 17
We Like These Underlying Return On Capital Trends At Odfjell Technology (OB:OTL)

ODL

NOK 54.10

Odfjell Drilling

7D

2.9%

1Y

1.5%

Does Odfjell Drilling (OB:ODL) Have A Healthy Balance Sheet?

Apr 17
Does Odfjell Drilling (OB:ODL) Have A Healthy Balance Sheet?

DVD

NOK 14.00

Deep Value Driller

7D

2.5%

1Y

-47.7%

PLSV

NOK 36.04

Paratus Energy Services

7D

7.1%

1Y

n/a

SHLF

NOK 6.13

Shelf Drilling

7D

4.6%

1Y

-68.8%

Revenues Working Against Shelf Drilling, Ltd.'s (OB:SHLF) Share Price Following 27% Dive

Apr 09
Revenues Working Against Shelf Drilling, Ltd.'s (OB:SHLF) Share Price Following 27% Dive

ARCH

NOK 20.50

Archer

7D

6.7%

1Y

-23.8%

We Think Archer (OB:ARCH) Is Taking Some Risk With Its Debt

Apr 04
We Think Archer (OB:ARCH) Is Taking Some Risk With Its Debt

AWDR

NOK 1.26

Awilco Drilling

7D

-10.0%

1Y

-91.0%

COSH

NOK 4.75

Constellation Oil Services Holding

7D

5.6%

1Y

n/a

DDRIL

NOK 2.60

Dolphin Drilling

7D

23.8%

1Y

-57.7%

SDNS

NOK 21.00

Shelf Drilling (North Sea)

7D

-29.3%

1Y

-31.6%

VTURA

NOK 17.50

Ventura Offshore Holding

7D

-2.8%

1Y

n/a