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Norwegian (OSEAX) Oil and Gas Drilling Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies12
  • 7D-1.1%
  • 3M8.6%
  • 1Y1.6%
  • YTDn/a

The Oil and Gas Drilling industry has stayed flat over the last week. The past year has been better, since the industry has gained 4.0% in that time. 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
Fri, 26 Jul 2024NOK 63.1bNOK 51.7bNOK 2.7b6.8x23x1.2x
Sun, 23 Jun 2024NOK 49.4bNOK 48.0bNOK 2.9b6.5x17.1x1x
Tue, 21 May 2024NOK 44.9bNOK 46.9bNOK 1.4b10.3x31.1x1x
Thu, 18 Apr 2024NOK 45.2bNOK 46.5bNOK 1.1b7.1x39.5x1x
Sat, 16 Mar 2024NOK 85.6bNOK 60.7bNOK 4.3b9.6x19.9x1.4x
Mon, 12 Feb 2024NOK 78.3bNOK 55.3bNOK 2.6b11.2x30.6x1.4x
Wed, 10 Jan 2024NOK 79.2bNOK 54.2bNOK 2.4b11.7x32.5x1.5x
Fri, 08 Dec 2023NOK 75.1bNOK 56.8bNOK 2.5b10.3x29.5x1.3x
Sun, 05 Nov 2023NOK 85.4bNOK 52.8bNOK 139.5m21.2x612x1.6x
Tue, 03 Oct 2023NOK 90.4bNOK 51.3b-NOK 1,604,194,019.0027.5x-56.3x1.8x
Thu, 31 Aug 2023NOK 90.2bNOK 48.9b-NOK 1,718,945,114.0016.3x-52.5x1.8x
Sat, 29 Jul 2023NOK 84.1bNOK 43.0b-NOK 4,793,416,138.0010.7x-17.6x2x
Mon, 26 Jun 2023NOK 70.9bNOK 45.3b-NOK 4,810,866,812.008.6x-14.7x1.6x
Wed, 24 May 2023NOK 76.7bNOK 44.8bNOK 33.9b9.4x2.3x1.7x
Fri, 21 Apr 2023NOK 72.7bNOK 42.4bNOK 33.7b8.3x2.2x1.7x
Sun, 19 Mar 2023NOK 61.9bNOK 43.2bNOK 34.4b7x1.8x1.4x
Tue, 14 Feb 2023NOK 61.3bNOK 34.9bNOK 33.5b7.6x1.8x1.8x
Thu, 12 Jan 2023NOK 47.5bNOK 34.6bNOK 33.2b5.3x1.4x1.4x
Sat, 10 Dec 2022NOK 41.3bNOK 34.5bNOK 33.1b5.2x1.2x1.2x
Mon, 07 Nov 2022NOK 50.4bNOK 42.1bNOK 33.5b5.3x1.5x1.2x
Wed, 05 Oct 2022NOK 35.8bNOK 42.8bNOK 34.1b5.2x1.1x0.8x
Fri, 02 Sep 2022NOK 38.7bNOK 39.9bNOK 30.5b5.3x1.3x1x
Sun, 31 Jul 2022NOK 30.6bNOK 38.2bNOK 30.8b4.6x1x0.8x
Tue, 28 Jun 2022NOK 36.8bNOK 38.5bNOK 31.1b4.4x1.2x1x
Thu, 26 May 2022NOK 38.4bNOK 37.0b-NOK 8,454,171,834.008.8x-4.5x1x
Sat, 23 Apr 2022NOK 17.6bNOK 25.8b-NOK 2,733,940,838.009.1x-6.4x0.7x
Mon, 21 Mar 2022NOK 13.9bNOK 22.3b-NOK 2,801,384,551.009.7x-5x0.6x
Wed, 16 Feb 2022NOK 11.7bNOK 23.5b-NOK 4,097,102,488.0040.5x-2.9x0.5x
Fri, 14 Jan 2022NOK 11.6bNOK 22.9b-NOK 3,990,552,641.0046.4x-2.9x0.5x
Sun, 12 Dec 2021NOK 9.5bNOK 23.7b-NOK 4,122,352,509.0041.8x-2.3x0.4x
Tue, 09 Nov 2021NOK 11.6bNOK 22.1b-NOK 3,548,178,386.004.4x-3.3x0.5x
Thu, 07 Oct 2021NOK 10.5bNOK 22.2b-NOK 3,843,752,250.004.3x-2.7x0.5x
Sat, 04 Sep 2021NOK 9.3bNOK 23.0b-NOK 3,998,310,106.944x-2.3x0.4x
Mon, 02 Aug 2021NOK 9.7bNOK 23.0b-NOK 3,998,310,106.944.2x-2.4x0.4x
Price to Earnings Ratio

-2.4x


Total Market Cap: NOK 9.7bTotal Earnings: -NOK 3,998,310,106.94Total Revenue: NOK 23.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Drilling Industry Price to Earnings3Y Average -612.8x202220232024
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 23.1x which is higher than its 3-year average PE of -613x.
  • The 3-year average PS ratio of 109x is higher than the industry's current PS ratio of 1.2x.
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 31% 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-1.27%
Energy-2.71%
Energy Services0.045%
Oil and Gas Drilling-1.08%
Oil and Gas Services0.49%
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
VTURA Ventura Offshore HoldingNOK 31.502.6%
+NOK 629.7m		n/an/a
PLSV Paratus Energy ServicesNOK 61.003.4%
+NOK 338.7m		n/aPS5.6x
SHLF Shelf DrillingNOK 23.602.2%
+NOK 106.8m		-0.8%PE15x
DDRIL Dolphin DrillingNOK 4.866.7%
+NOK 89.0m		-48.9%PS1.6x
SDNS Shelf Drilling (North Sea)NOK 26.502.7%
+NOK 70.0m		1.1%PS2.1x
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Latest News

SDNS

NOK 26.50

Shelf Drilling (North Sea)

7D

2.7%

1Y

1.1%

Health Check: How Prudently Does Shelf Drilling (North Sea) (OB:SDNS) Use Debt?

Jul 25
Health Check: How Prudently Does Shelf Drilling (North Sea) (OB:SDNS) Use Debt?

BORR

NOK 73.65

Borr Drilling

7D

-2.7%

1Y

-14.1%

The Return Trends At Borr Drilling (OB:BORR) Look Promising

Jul 14
The Return Trends At Borr Drilling (OB:BORR) Look Promising

ARCH

NOK 27.30

Archer

7D

-2.1%

1Y

17.7%

VTURA

NOK 31.50

Ventura Offshore Holding

7D

2.6%

1Y

n/a

PLSV

NOK 61.00

Paratus Energy Services

7D

3.4%

1Y

n/a

NOL

NOK 7.16

Northern Ocean

7D

-1.4%

1Y

-48.0%

DDRIL

NOK 4.86

Dolphin Drilling

7D

6.7%

1Y

-48.9%

SHLF

NOK 23.60

Shelf Drilling

7D

2.2%

1Y

-0.8%

There's No Escaping Shelf Drilling, Ltd.'s (OB:SHLF) Muted Revenues Despite A 32% Share Price Rise

May 30
There's No Escaping Shelf Drilling, Ltd.'s (OB:SHLF) Muted Revenues Despite A 32% Share Price Rise

DVD

NOK 24.90

Deep Value Driller

7D

2.5%

1Y

2.9%

An Intrinsic Calculation For Deep Value Driller AS (OB:DVD) Suggests It's 47% Undervalued

May 22
An Intrinsic Calculation For Deep Value Driller AS (OB:DVD) Suggests It's 47% Undervalued

OTL

NOK 61.20

Odfjell Technology

7D

-2.9%

1Y

19.8%

ODL

NOK 56.20

Odfjell Drilling

7D

-2.1%

1Y

94.8%

NODL

NOK 0.23

Northern Drilling

7D

-18.5%

1Y

-99.2%

AWDR

NOK 21.00

Awilco Drilling

7D

3.4%

1Y

262.1%