Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Norwegian (OSEAX) Oil and Gas Drilling Industry Analysis

UpdatedApr 10, 2026
DataAggregated Company Financials
Companies8
  • 7D1.7%
  • 3M15.8%
  • 1Y74.1%
  • YTDn/a

Over the last 7 days, the Oil and Gas Drilling industry has risen 1.7%, driven by gains from Odfjell Drilling of 1.8%. This takes the industry's 12 month performance to a gain of 74%. Looking forward, earnings are forecast to grow by 29% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Apr 2026NOK 56.1bNOK 40.4bNOK 413.2m9.6x135.8x1.4x
Sun, 08 Mar 2026NOK 242.7bNOK 40.3bNOK 987.6m9.1x245.8x6x
Tue, 03 Feb 2026NOK 218.7bNOK 40.2bNOK 577.0m10.3x379x5.4x
Thu, 01 Jan 2026NOK 218.6bNOK 41.6bNOK 586.5m9.5x372.7x5.3x
Sat, 29 Nov 2025NOK 212.4bNOK 51.1bNOK 1.6b6.5x134.8x4.2x
Mon, 27 Oct 2025NOK 196.7bNOK 50.1bNOK 693.5m6.1x283.6x3.9x
Wed, 24 Sep 2025NOK 199.5bNOK 49.5bNOK 688.1m6.4x289.9x4x
Fri, 22 Aug 2025NOK 167.9bNOK 50.7bNOK 1.5b7.9x115.7x3.3x
Sun, 20 Jul 2025NOK 155.2bNOK 50.1bNOK 932.2m7.2x166.5x3.1x
Tue, 17 Jun 2025NOK 38.9bNOK 48.9bNOK 915.2m7.2x42.5x0.8x
Thu, 15 May 2025NOK 36.3bNOK 49.7bNOK 2.9b4.7x12.7x0.7x
Sat, 12 Apr 2025NOK 34.3bNOK 41.8bNOK 2.5b6.4x13.5x0.8x
Mon, 10 Mar 2025NOK 40.9bNOK 43.1bNOK 2.8b6.2x14.7x0.9x
Wed, 05 Feb 2025NOK 36.7bNOK 44.0bNOK 3.0b6.7x12.2x0.8x
Fri, 03 Jan 2025NOK 46.7bNOK 55.5bNOK 4.0b8.6x11.7x0.8x
Sun, 01 Dec 2024NOK 45.2bNOK 54.0bNOK 3.9b9.1x11.6x0.8x
Tue, 29 Oct 2024NOK 46.4bNOK 52.4bNOK 5.5b9.9x8.5x0.9x
Thu, 26 Sep 2024NOK 52.0bNOK 51.9bNOK 4.5b11.7x11.5x1x
Sat, 24 Aug 2024NOK 56.0bNOK 50.6bNOK 2.8b5.8x19.8x1.1x
Mon, 22 Jul 2024NOK 62.5bNOK 51.3bNOK 2.7b7x22.9x1.2x
Wed, 19 Jun 2024NOK 49.4bNOK 48.0bNOK 2.9b6.7x17.1x1x
Fri, 17 May 2024NOK 44.5bNOK 46.2bNOK 1.6b10.3x27.3x1x
Sun, 14 Apr 2024NOK 45.3bNOK 46.2bNOK 1.1b7.2x39.8x1x
Tue, 12 Mar 2024NOK 81.9bNOK 59.9bNOK 4.2b9x19.3x1.4x
Thu, 08 Feb 2024NOK 76.2bNOK 55.5bNOK 2.6b10.9x29.7x1.4x
Sat, 06 Jan 2024NOK 82.7bNOK 53.9bNOK 2.4b12.3x34.1x1.5x
Mon, 04 Dec 2023NOK 81.6bNOK 55.8bNOK 2.5b11.4x32.6x1.5x
Wed, 01 Nov 2023NOK 82.2bNOK 52.8b-NOK 1,663,940,049.0025.1x-49.4x1.6x
Fri, 29 Sep 2023NOK 91.8bNOK 50.8b-NOK 1,583,559,121.0028.7x-58x1.8x
Sun, 27 Aug 2023NOK 88.5bNOK 49.4b-NOK 1,702,093,640.0015.8x-52x1.8x
Tue, 25 Jul 2023NOK 83.7bNOK 42.6b-NOK 4,742,511,336.0010.7x-17.6x2x
Thu, 22 Jun 2023NOK 71.6bNOK 45.0b-NOK 4,771,952,813.008.9x-15x1.6x
Sat, 20 May 2023NOK 75.1bNOK 44.2bNOK 33.7b7.8x2.2x1.7x
Mon, 17 Apr 2023NOK 74.1bNOK 41.7b-NOK 5,446,821,254.009x-13.6x1.8x
Price to Earnings Ratio

-13.6x


Total Market Cap: NOK 74.1bTotal Earnings: -NOK 5,446,821,254.00Total Revenue: NOK 41.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Drilling Industry Price to Earnings3Y Average 78.5x202420252026
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 Market0.037%
Energy-2.49%
Energy Services2.77%
Oil and Gas Drilling1.69%
Oil and Gas Services3.04%
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

COSH
NOK 141.00
Constellation Oil Services Holding
7D
3.7%
1Y
74.1%
VTURA
NOK 32.00
Ventura Offshore Holding
7D
15.9%
1Y
80.8%
ARCH
NOK 28.85
Archer
7D
0.2%
1Y
46.3%

ARCH: Long Term Contracts And P&A Work Will Underpin Future Returns

Analysts have adjusted their price target for Archer to NOK 36.0, based on updated assumptions that reflect revised views on the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Archer announced a three-year contract extension with a long-standing wireline client in Norway, with annual revenue from the deal estimated at 7% to 9% of total Well Services revenue based on 2025 activity levels.
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%
OTL
NOK 71.90
Odfjell Technology
7D
-1.6%
1Y
75.4%
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