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Norwegian (OSEAX) Oil and Gas Drilling Industry Analysis

UpdatedJan 17, 2025
DataAggregated Company Financials
Companies10
  • 7D0.7%
  • 3M-4.2%
  • 1Y-7.1%
  • YTDn/a

Over the last 7 days, the Oil and Gas Drilling industry has risen 1.4%, driven by gains from Odfjell Drilling of 5.5%. During this same period, the Shelf Drilling (North Sea) underperformed, falling 29%. In the past year, the industry is down 8.3%. Looking forward, earnings are forecast to grow by 51% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 17 Jan 2025NOK 37.3bNOK 44.4bNOK 3.0b6.7x12.2x0.8x
Sun, 15 Dec 2024NOK 45.3bNOK 54.5bNOK 3.9b8.8x11.5x0.8x
Tue, 12 Nov 2024NOK 47.5bNOK 54.2bNOK 4.0b13.8x11.9x0.9x
Thu, 10 Oct 2024NOK 52.8bNOK 52.8bNOK 4.6b11.6x11.4x1x
Sat, 07 Sep 2024NOK 51.9bNOK 52.1bNOK 3.8b5.5x13.5x1x
Mon, 05 Aug 2024NOK 60.2bNOK 51.4bNOK 2.7b6.4x22.1x1.2x
Wed, 03 Jul 2024NOK 61.6bNOK 48.4bNOK 2.9b6.8x21.1x1.3x
Fri, 31 May 2024NOK 49.5bNOK 47.9bNOK 1.7b11.8x29x1x
Sun, 28 Apr 2024NOK 44.0bNOK 46.6bNOK 1.1b7x38.3x0.9x
Tue, 26 Mar 2024NOK 85.0bNOK 61.2bNOK 4.3b9.5x19.6x1.4x
Thu, 22 Feb 2024NOK 76.9bNOK 55.5bNOK 2.5b11x30.2x1.4x
Sat, 20 Jan 2024NOK 80.6bNOK 54.9bNOK 2.5b11.8x32.7x1.5x
Mon, 18 Dec 2023NOK 79.9bNOK 54.7bNOK 2.5b11.1x32.5x1.5x
Wed, 15 Nov 2023NOK 82.1bNOK 53.6bNOK 666.1m20.8x123.3x1.5x
Fri, 13 Oct 2023NOK 88.8bNOK 52.0b-NOK 1,629,886,045.0027.2x-54.5x1.7x
Sun, 10 Sep 2023NOK 89.5bNOK 49.8b-NOK 1,622,885,689.0015.9x-55.1x1.8x
Tue, 08 Aug 2023NOK 87.7bNOK 43.0b-NOK 4,794,817,727.0011.4x-18.3x2x
Thu, 06 Jul 2023NOK 75.9bNOK 44.7b-NOK 4,743,136,544.009.3x-16x1.7x
Sat, 03 Jun 2023NOK 75.4bNOK 46.0b-NOK 4,902,714,037.009.3x-15.4x1.6x
Mon, 01 May 2023NOK 72.1bNOK 42.7bNOK 33.9b7.8x2.1x1.7x
Wed, 29 Mar 2023NOK 63.1bNOK 42.7bNOK 33.4b7.9x1.9x1.5x
Fri, 24 Feb 2023NOK 60.2bNOK 33.1bNOK 34.5b7.8x1.7x1.8x
Sun, 22 Jan 2023NOK 54.1bNOK 34.1bNOK 32.7b7.1x1.7x1.6x
Tue, 20 Dec 2022NOK 42.4bNOK 34.2bNOK 32.8b5.4x1.3x1.2x
Thu, 17 Nov 2022NOK 47.6bNOK 41.4bNOK 32.7b5.4x1.5x1.1x
Sat, 15 Oct 2022NOK 40.1bNOK 43.5bNOK 34.7b5.1x1.2x0.9x
Mon, 12 Sep 2022NOK 38.4bNOK 40.8bNOK 32.3b5.4x1.2x0.9x
Wed, 10 Aug 2022NOK 31.9bNOK 38.3bNOK 30.9b4.7x1x0.8x
Fri, 08 Jul 2022NOK 31.5bNOK 39.6bNOK 32.1b4.1x1x0.8x
Sun, 05 Jun 2022NOK 40.7bNOK 37.3bNOK 29.9b5.5x1.4x1.1x
Tue, 03 May 2022NOK 51.7bNOK 36.2b-NOK 8,497,031,713.008x-6.1x1.4x
Thu, 31 Mar 2022NOK 15.0bNOK 21.8b-NOK 2,746,206,850.009.9x-5.5x0.7x
Sat, 26 Feb 2022NOK 11.5bNOK 23.9b-NOK 3,614,708,779.0037.4x-3.2x0.5x
Mon, 24 Jan 2022NOK 11.6bNOK 23.4b-NOK 4,080,904,185.0047x-2.8x0.5x
Price to Earnings Ratio

-2.8x


Total Market Cap: NOK 11.6bTotal Earnings: -NOK 4,080,904,185.00Total Revenue: NOK 23.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Drilling Industry Price to Earnings3Y Average -152.4x202320242025
Current Industry PE
  • Investors are pessimistic on the Norwegian Oil and Gas Drilling industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 12.1x which is higher than its 3-year average PE of -456x.
  • The 3-year average PS ratio of 82.2x is higher than the industry's current PS ratio of 0.83x.
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 24% 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 Market0.56%
Energy0.50%
Energy Services1.06%
Oil and Gas Drilling0.73%
Oil and Gas Services1.14%
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 61.303.0%
+NOK 431.7m		54.6%PE17.6x
DDRIL Dolphin DrillingNOK 3.705.7%
+NOK 58.4m		-47.5%PS1.2x
ARCH ArcherNOK 27.460.6%
+NOK 15.4m		42.3%PE182.5x
SHLF Shelf DrillingNOK 9.560.4%
+NOK 10.2m		-70.7%PE5.3x
AWDR Awilco DrillingNOK 24.801.6%
+NOK 9.9m		98.4%PE0.3x
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Latest News

DDRIL

NOK 3.70

Dolphin Drilling

7D

5.7%

1Y

-47.5%

ARCH

NOK 27.46

Archer

7D

0.6%

1Y

42.3%

NOL

NOK 7.71

Northern Ocean

7D

-4.7%

1Y

-15.1%

DVD

NOK 16.90

Deep Value Driller

7D

-0.5%

1Y

-27.0%

VTURA

NOK 26.20

Ventura Offshore Holding

7D

-1.7%

1Y

n/a

ODL

NOK 61.30

Odfjell Drilling

7D

3.0%

1Y

54.6%

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

Jan 08
Does Odfjell Drilling (OB:ODL) Have A Healthy Balance Sheet?

SHLF

NOK 9.56

Shelf Drilling

7D

0.4%

1Y

-70.7%

SDNS

NOK 21.00

Shelf Drilling (North Sea)

7D

-29.3%

1Y

-31.6%

OTL

NOK 47.90

Odfjell Technology

7D

0.2%

1Y

-19.9%

Odfjell Technology (OB:OTL) Is Experiencing Growth In Returns On Capital

Jan 04
Odfjell Technology (OB:OTL) Is Experiencing Growth In Returns On Capital

PLSV

NOK 44.16

Paratus Energy Services

7D

-1.2%

1Y

n/a

AWDR

NOK 24.80

Awilco Drilling

7D

1.6%

1Y

98.4%