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Norwegian (OSEAX) Oil and Gas Drilling Industry Analysis

UpdatedFeb 01, 2025
DataAggregated Company Financials
Companies10
  • 7D0.5%
  • 3M0.8%
  • 1Y-5.0%
  • YTDn/a

In the last week, the Oil and Gas Drilling industry is flat overall, with Shelf Drilling (North Sea) standing out by going down 29%. As for the longer term, the industry has declined 5.0% in the last year. Earnings are forecast to grow by 42% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 01 Feb 2025NOK 37.2bNOK 44.2bNOK 3.0b6.5x12.3x0.8x
Mon, 30 Dec 2024NOK 44.5bNOK 55.4bNOK 4.0b8.5x11.1x0.8x
Wed, 27 Nov 2024NOK 44.5bNOK 54.4bNOK 4.1b8.8x10.8x0.8x
Fri, 25 Oct 2024NOK 47.6bNOK 52.1bNOK 5.4b10.7x8.7x0.9x
Sun, 22 Sep 2024NOK 52.3bNOK 51.5bNOK 4.5b11.2x11.6x1x
Tue, 20 Aug 2024NOK 55.8bNOK 50.8bNOK 3.1b6.4x18x1.1x
Thu, 18 Jul 2024NOK 62.6bNOK 50.5bNOK 2.7b6.8x23.3x1.2x
Sat, 15 Jun 2024NOK 49.4bNOK 48.4bNOK 2.9b6.5x16.9x1x
Mon, 13 May 2024NOK 45.5bNOK 45.9bNOK 1.2b7.5x36.9x1x
Wed, 10 Apr 2024NOK 44.8bNOK 45.3bNOK 1.1b7.2x39.9x1x
Fri, 08 Mar 2024NOK 79.5bNOK 59.6bNOK 4.5b9x17.8x1.3x
Sun, 04 Feb 2024NOK 76.3bNOK 55.5bNOK 2.5b11x30.6x1.4x
Tue, 02 Jan 2024NOK 83.0bNOK 53.3bNOK 2.4b12x34.6x1.6x
Thu, 30 Nov 2023NOK 83.5bNOK 55.7bNOK 2.5b11.9x33.4x1.5x
Sat, 28 Oct 2023NOK 81.5bNOK 52.9b-NOK 1,665,358,894.0024.9x-48.9x1.5x
Mon, 25 Sep 2023NOK 89.4bNOK 50.1b-NOK 1,635,716,017.0015.7x-54.7x1.8x
Wed, 23 Aug 2023NOK 90.7bNOK 48.6b-NOK 1,676,309,897.0013.7x-54.1x1.9x
Fri, 21 Jul 2023NOK 82.3bNOK 42.8b-NOK 4,759,158,303.0010.5x-17.3x1.9x
Sun, 18 Jun 2023NOK 70.8bNOK 44.3b-NOK 4,691,689,505.009.3x-15.1x1.6x
Tue, 16 May 2023NOK 71.6bNOK 43.5bNOK 33.2b9x2.2x1.6x
Thu, 13 Apr 2023NOK 74.7bNOK 41.9b-NOK 5,487,915,395.008.4x-13.6x1.8x
Sat, 11 Mar 2023NOK 65.5bNOK 42.8bNOK 34.1b8.3x1.9x1.5x
Mon, 06 Feb 2023NOK 58.7bNOK 35.2bNOK 33.9b6.8x1.7x1.7x
Wed, 04 Jan 2023NOK 45.4bNOK 34.7bNOK 33.4b5.4x1.4x1.3x
Fri, 02 Dec 2022NOK 45.9bNOK 41.5bNOK 31.6b5.7x1.5x1.1x
Sun, 30 Oct 2022NOK 47.1bNOK 42.4bNOK 33.7b5.1x1.4x1.1x
Tue, 27 Sep 2022NOK 34.2bNOK 43.9bNOK 35.0b4.9x1x0.8x
Thu, 25 Aug 2022NOK 36.3bNOK 38.7bNOK 29.4b5.4x1.2x0.9x
Sat, 23 Jul 2022NOK 28.2bNOK 39.3bNOK 31.8b4.3x0.9x0.7x
Mon, 20 Jun 2022NOK 37.7bNOK 39.4bNOK 31.9b4.9x1.2x1x
Wed, 18 May 2022NOK 38.3bNOK 37.3b-NOK 8,498,484,383.008.6x-4.5x1x
Fri, 15 Apr 2022NOK 17.7bNOK 22.4b-NOK 2,808,513,137.0010x-6.3x0.8x
Sun, 13 Mar 2022NOK 13.9bNOK 22.9b-NOK 2,873,667,050.009.7x-4.8x0.6x
Tue, 08 Feb 2022NOK 11.9bNOK 23.2b-NOK 4,042,207,735.0041.5x-2.9x0.5x
Price to Earnings Ratio

-2.9x


Total Market Cap: NOK 11.9bTotal Earnings: -NOK 4,042,207,735.00Total Revenue: NOK 23.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Drilling Industry Price to Earnings3Y Average 8.5x202320242025
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 12.3x which is higher than its 3-year average PE of 8.5x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.84x.
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 Market1.61%
Energy1.15%
Energy Services-0.52%
Oil and Gas Drilling0.47%
Oil and Gas Services-0.78%
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 62.202.5%
+NOK 359.7m		51.7%PE18x
ARCH ArcherNOK 28.016.6%
+NOK 157.1m		17.4%PE187.1x
VTURA Ventura Offshore HoldingNOK 25.751.0%
+NOK 26.4m		n/an/a
AWDR Awilco DrillingNOK 23.703.5%
+NOK 19.8m		70.5%PE0.3x
SHLF Shelf DrillingNOK 8.950.8%
+NOK 17.9m		-68.7%PE5x
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Latest News

ARCH

NOK 28.01

Archer

7D

6.6%

1Y

17.4%

NOL

NOK 7.66

Northern Ocean

7D

-4.1%

1Y

-2.9%

SDNS

NOK 21.00

Shelf Drilling (North Sea)

7D

-29.3%

1Y

-31.6%

SHLF

NOK 8.95

Shelf Drilling

7D

0.8%

1Y

-68.7%

VTURA

NOK 25.75

Ventura Offshore Holding

7D

1.0%

1Y

n/a

DVD

NOK 16.36

Deep Value Driller

7D

-4.2%

1Y

-33.1%

DDRIL

NOK 3.76

Dolphin Drilling

7D

1.6%

1Y

-46.1%

ODL

NOK 62.20

Odfjell Drilling

7D

2.5%

1Y

51.7%

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

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

OTL

NOK 45.15

Odfjell Technology

7D

-1.0%

1Y

-17.9%

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 44.56

Paratus Energy Services

7D

-3.1%

1Y

n/a

AWDR

NOK 23.70

Awilco Drilling

7D

3.5%

1Y

70.5%