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Norwegian (OSEAX) Oil and Gas Drilling Industry Analysis

UpdatedApr 11, 2026
DataAggregated Company Financials
Companies8
  • 7D3.2%
  • 3M17.4%
  • 1Y76.4%
  • YTDn/a

The Oil and Gas Drilling industry is up 1.7% in the last week, with Odfjell Drilling up 3.0%. This means that the industry has gained 74% over the past year. As for the next few years, earnings are expected to grow by 29% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 11 Apr 2026NOK 56.9bNOK 40.5bNOK 413.4m9.8x137.6x1.4x
Mon, 09 Mar 2026NOK 242.7bNOK 40.3bNOK 987.6m9.1x245.8x6x
Wed, 04 Feb 2026NOK 217.1bNOK 40.0bNOK 575.7m10.3x377.1x5.4x
Fri, 02 Jan 2026NOK 218.6bNOK 41.6bNOK 586.6m9.5x372.6x5.3x
Sun, 30 Nov 2025NOK 212.4bNOK 51.7bNOK 1.8b6.5x120.2x4.1x
Tue, 28 Oct 2025NOK 196.5bNOK 49.9bNOK 692.1m6.1x283.8x3.9x
Thu, 25 Sep 2025NOK 199.7bNOK 49.8bNOK 690.7m6.4x289.2x4x
Sat, 23 Aug 2025NOK 171.3bNOK 50.2bNOK 1.4b8.1x119.8x3.4x
Mon, 21 Jul 2025NOK 155.2bNOK 50.1bNOK 932.2m7.2x166.5x3.1x
Wed, 18 Jun 2025NOK 39.3bNOK 49.0bNOK 916.8m7.2x42.9x0.8x
Fri, 16 May 2025NOK 36.2bNOK 50.2bNOK 2.7b4.6x13.6x0.7x
Sun, 13 Apr 2025NOK 34.3bNOK 41.8bNOK 2.5b6.4x13.5x0.8x
Tue, 11 Mar 2025NOK 39.2bNOK 42.3bNOK 2.6b6.5x15.3x0.9x
Thu, 06 Feb 2025NOK 37.1bNOK 43.9bNOK 3.0b6.6x12.3x0.8x
Sat, 04 Jan 2025NOK 36.8bNOK 44.5bNOK 3.0b6.7x12.1x0.8x
Mon, 02 Dec 2024NOK 45.2bNOK 54.0bNOK 3.9b9.1x11.6x0.8x
Wed, 30 Oct 2024NOK 46.7bNOK 52.3bNOK 5.5b10.2x8.5x0.9x
Fri, 27 Sep 2024NOK 50.6bNOK 51.7bNOK 4.5b11.6x11.2x1x
Sun, 25 Aug 2024NOK 56.0bNOK 50.6bNOK 3.6b5.8x15.4x1.1x
Tue, 23 Jul 2024NOK 63.1bNOK 51.4bNOK 2.7b7x23.1x1.2x
Thu, 20 Jun 2024NOK 49.2bNOK 48.0bNOK 2.9b6.7x17x1x
Sat, 18 May 2024NOK 44.5bNOK 46.6bNOK 1.4b10.3x32.6x1x
Mon, 15 Apr 2024NOK 45.3bNOK 46.2bNOK 1.1b7.2x39.8x1x
Wed, 13 Mar 2024NOK 80.8bNOK 60.2bNOK 4.3b9x19x1.3x
Fri, 09 Feb 2024NOK 77.4bNOK 55.6bNOK 2.6b11.1x30.1x1.4x
Sun, 07 Jan 2024NOK 82.7bNOK 54.0bNOK 2.4b12.2x34x1.5x
Tue, 05 Dec 2023NOK 79.2bNOK 56.6bNOK 2.5b10.8x31.2x1.4x
Thu, 02 Nov 2023NOK 83.8bNOK 53.1b-NOK 1,673,491,634.0025.5x-50.1x1.6x
Sat, 30 Sep 2023NOK 90.4bNOK 50.6b-NOK 1,575,553,157.0028.3x-57.3x1.8x
Mon, 28 Aug 2023NOK 88.5bNOK 49.4b-NOK 1,702,093,640.0015.8x-52x1.8x
Wed, 26 Jul 2023NOK 83.5bNOK 42.7b-NOK 4,749,396,344.0010.8x-17.6x2x
Fri, 23 Jun 2023NOK 71.1bNOK 44.6b-NOK 4,720,075,195.008.7x-15.1x1.6x
Sun, 21 May 2023NOK 75.1bNOK 44.3bNOK 33.8b7.8x2.2x1.7x
Tue, 18 Apr 2023NOK 74.0bNOK 42.1b-NOK 5,508,407,543.008.8x-13.4x1.8x
Price to Earnings Ratio

-13.4x


Total Market Cap: NOK 74.0bTotal Earnings: -NOK 5,508,407,543.00Total Revenue: NOK 42.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Drilling Industry Price to Earnings3Y Average 78.7x202420252026
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 136x which is higher than its 3-year average PE of 78.5x.
  • The 3-year average PS ratio of 2.0x 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 remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Comparison

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

NO Market-0.88%
Energy-4.56%
Energy Services2.23%
Oil and Gas Drilling3.16%
Oil and Gas Services2.00%
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 104.403.0%
+NOK 719.4m		100.4%PE15.2x
VTURA Ventura Offshore HoldingNOK 32.0015.9%
+NOK 465.1m		80.8%PE3.7x
COSH Constellation Oil Services HoldingNOK 141.003.7%
+NOK 425.6m		74.1%PS2.1x
PLSV Paratus Energy ServicesNOK 48.003.7%
+NOK 276.6m		40.1%PE11x
ARCH ArcherNOK 28.850.2%
+NOK 5.0m		46.3%PS0.3x

Latest News

ARCH
NOK 28.85
Archer
7D
0.2%
1Y
46.3%

One Archer Limited (OB:ARCH) Broker Just Cut Their Revenue Forecasts By 25%

Apr 11
One Archer Limited (OB:ARCH) Broker Just Cut Their Revenue Forecasts By 25%
COSH
NOK 141.00
Constellation Oil Services Holding
7D
3.7%
1Y
74.1%
OTL
NOK 71.90
Odfjell Technology
7D
-1.6%
1Y
75.4%
VTURA
NOK 32.00
Ventura Offshore Holding
7D
15.9%
1Y
80.8%
ODL
NOK 104.40
Odfjell Drilling
7D
3.0%
1Y
100.4%

ODL: Dividend Commitment And Discounted P E Will Support Upside Potential

Analysts have trimmed their 12 month price target on Odfjell Drilling to NOK 110. This reflects slightly higher assumed discount rates, modestly adjusted growth and margin expectations, and a lower future P/E multiple after recent downgrades from DNB Carnegie and SEB Equities.
DDRIL
NOK 2.48
Dolphin Drilling
7D
-2.0%
1Y
-99.7%
NOL
NOK 8.80
Northern Ocean
7D
-3.3%
1Y
60.0%
PLSV
NOK 48.00
Paratus Energy Services
7D
3.7%
1Y
40.1%
DVD
NOK 21.05
Deep Value Driller
7D
-0.5%
1Y
55.9%

Deep Value Driller's (OB:DVD) Solid Earnings Have Been Accounted For Conservatively

Feb 16
Deep Value Driller's (OB:DVD) Solid Earnings Have Been Accounted For Conservatively