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Norwegian (OSEAX) Oil and Gas Drilling Industry Analysis
UpdatedDec 22, 2024
DataAggregated Company Financials
Companies11
- 7D-4.6%
- 3M-17.9%
- 1Y-30.4%
- YTDn/a
Over the last 7 days, the Oil and Gas Drilling industry has remained flat, although notably Paratus Energy Services gained 5.1%. As for the longer term, the industry has declined 28% in the last year. Earnings are forecast to grow by 49% annually.
Industry Valuation and Performance
Has the Norwegian Oil and Gas Drilling Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 22 Dec 2024 | NOK 43.2b | NOK 55.3b | NOK 4.0b | 8.2x | 10.8x | 0.8x |
| Tue, 19 Nov 2024 | NOK 47.8b | NOK 54.6b | NOK 4.3b | 10x | 11.1x | 0.9x |
| Thu, 17 Oct 2024 | NOK 49.8b | NOK 52.1b | NOK 5.4b | 11.3x | 9.2x | 1x |
| Sat, 14 Sep 2024 | NOK 51.9b | NOK 52.2b | NOK 4.6b | 11.7x | 11.4x | 1x |
| Mon, 12 Aug 2024 | NOK 56.2b | NOK 50.5b | NOK 2.8b | 6.3x | 19.9x | 1.1x |
| Wed, 10 Jul 2024 | NOK 60.0b | NOK 48.2b | NOK 2.9b | 6.5x | 20.7x | 1.2x |
| Fri, 07 Jun 2024 | NOK 50.2b | NOK 48.0b | NOK 2.9b | 7x | 17.4x | 1x |
| Sun, 05 May 2024 | NOK 43.0b | NOK 46.0b | NOK 1.2b | 6.9x | 34.7x | 0.9x |
| Tue, 02 Apr 2024 | NOK 85.4b | NOK 62.0b | NOK 4.4b | 9.6x | 19.4x | 1.4x |
| Thu, 29 Feb 2024 | NOK 77.2b | NOK 57.2b | NOK 3.7b | 15.1x | 20.7x | 1.3x |
| Sat, 27 Jan 2024 | NOK 83.3b | NOK 54.6b | NOK 2.5b | 11.9x | 34x | 1.5x |
| Mon, 25 Dec 2023 | NOK 80.8b | NOK 53.6b | NOK 2.4b | 11.5x | 33.5x | 1.5x |
| Wed, 22 Nov 2023 | NOK 84.0b | NOK 53.5b | NOK 1.3b | 20.6x | 67.2x | 1.6x |
| Fri, 20 Oct 2023 | NOK 87.0b | NOK 52.2b | -NOK 1,640,469,201.00 | 26.4x | -53x | 1.7x |
| Sun, 17 Sep 2023 | NOK 92.9b | NOK 50.2b | -NOK 1,639,433,472.00 | 15.8x | -56.7x | 1.9x |
| Tue, 15 Aug 2023 | NOK 90.2b | NOK 44.8b | -NOK 4,776,931,875.00 | 11.6x | -18.9x | 2x |
| Thu, 13 Jul 2023 | NOK 80.9b | NOK 42.6b | -NOK 4,477,535,185.00 | 10.4x | -18.1x | 1.9x |
| Sat, 10 Jun 2023 | NOK 73.1b | NOK 45.0b | -NOK 4,778,031,821.00 | 9.3x | -15.3x | 1.6x |
| Mon, 08 May 2023 | NOK 72.5b | NOK 42.5b | NOK 33.5b | 8.7x | 2.2x | 1.7x |
| Wed, 05 Apr 2023 | NOK 64.8b | NOK 42.6b | NOK 33.3b | 8.3x | 1.9x | 1.5x |
| Fri, 03 Mar 2023 | NOK 67.2b | NOK 43.5b | NOK 34.3b | 7.7x | 2x | 1.5x |
| Sun, 29 Jan 2023 | NOK 55.8b | NOK 34.2b | NOK 32.8b | 6.9x | 1.7x | 1.6x |
| Tue, 27 Dec 2022 | NOK 45.2b | NOK 34.2b | NOK 32.8b | 5.4x | 1.4x | 1.3x |
| Thu, 24 Nov 2022 | NOK 45.9b | NOK 41.7b | NOK 32.4b | 5.6x | 1.4x | 1.1x |
| Sat, 22 Oct 2022 | NOK 41.7b | NOK 43.2b | NOK 34.5b | 5x | 1.2x | 1x |
| Mon, 19 Sep 2022 | NOK 40.7b | NOK 41.8b | NOK 33.3b | 5.4x | 1.2x | 1x |
| Wed, 17 Aug 2022 | NOK 34.4b | NOK 38.7b | NOK 29.4b | 4.9x | 1.2x | 0.9x |
| Fri, 15 Jul 2022 | NOK 29.0b | NOK 40.3b | NOK 32.7b | 4.3x | 0.9x | 0.7x |
| Sun, 12 Jun 2022 | NOK 40.8b | NOK 38.2b | NOK 30.8b | 5x | 1.3x | 1.1x |
| Tue, 10 May 2022 | NOK 34.5b | NOK 37.0b | -NOK 8,590,035,164.00 | 7.8x | -4x | 0.9x |
| Thu, 07 Apr 2022 | NOK 16.6b | NOK 22.3b | -NOK 2,803,388,953.00 | 10.3x | -5.9x | 0.7x |
| Sat, 05 Mar 2022 | NOK 13.4b | NOK 22.9b | -NOK 2,875,971,588.00 | 9.7x | -4.6x | 0.6x |
| Mon, 31 Jan 2022 | NOK 11.5b | NOK 23.7b | -NOK 4,132,568,483.00 | 47x | -2.8x | 0.5x |
| Wed, 29 Dec 2021 | NOK 11.0b | NOK 23.2b | -NOK 4,048,286,699.00 | 42.3x | -2.7x | 0.5x |
Price to Earnings Ratio
-2.7x
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 11.0x which is higher than its 3-year average PE of -608x.
- The 3-year average PS ratio of 109x is higher than the industry's current PS ratio of 0.79x.
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 34% 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 | -2.76% | |
| Energy | -1.81% | |
| Energy Services | -2.04% | |
| Oil and Gas Drilling | -4.60% | |
| Oil and Gas Services | -1.14% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| PLSV Paratus Energy Services | NOK 44.92 | 2.3% +NOK 172.9m | n/a | PE22.7x | |
| VTURA Ventura Offshore Holding | NOK 25.70 | 1.0% +NOK 26.4m | n/a | n/a |
