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Norwegian (OSEAX) Oil and Gas Drilling Industry Analysis

UpdatedMay 26, 2026
DataAggregated Company Financials
Companies8
  • 7D-1.9%
  • 3M-4.2%
  • 1Y48.2%
  • YTDn/a

Over the last 7 days, the Oil and Gas Drilling industry has dropped 1.9%, driven by a pullback from Odfjell Drilling of 5.4%. In contrast, Ventura Offshore Holding has gained 5.1%. This takes the industry's 12 month performance to a gain of 48%. Looking forward, earnings are forecast to grow by 28% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 26 May 2026NOK 54.3bNOK 39.6bNOK 858.9m9.7x63.2x1.4x
Thu, 23 Apr 2026NOK 56.6bNOK 39.7bNOK 411.5m9.8x137.4x1.4x
Sat, 21 Mar 2026NOK 249.5bNOK 40.2bNOK 985.8m9.2x253.1x6.2x
Mon, 16 Feb 2026NOK 236.8bNOK 39.5bNOK 572.1m10.8x414x6x
Wed, 14 Jan 2026NOK 219.7bNOK 41.6bNOK 586.7m9.8x374.5x5.3x
Fri, 12 Dec 2025NOK 220.1bNOK 41.5bNOK 586.2m9.5x375.5x5.3x
Sun, 09 Nov 2025NOK 199.8bNOK 51.3bNOK 1.1b5.4x177.3x3.9x
Tue, 07 Oct 2025NOK 193.7bNOK 49.7bNOK 689.7m6.3x280.9x3.9x
Thu, 04 Sep 2025NOK 183.7bNOK 50.2bNOK 694.7m5.7x264.4x3.7x
Sat, 02 Aug 2025NOK 156.1bNOK 50.4bNOK 937.4m7x166.5x3.1x
Mon, 30 Jun 2025NOK 38.4bNOK 49.7bNOK 926.6m7x41.5x0.8x
Wed, 28 May 2025NOK 37.1bNOK 49.2bNOK 2.8b4.8x13.2x0.8x
Fri, 25 Apr 2025NOK 35.1bNOK 41.0bNOK 2.5b6.7x14.1x0.9x
Sun, 23 Mar 2025NOK 40.3bNOK 41.5bNOK 2.5b7.2x16x1x
Tue, 18 Feb 2025NOK 36.8bNOK 43.8bNOK 2.8b7.3x13x0.8x
Thu, 16 Jan 2025NOK 37.0bNOK 44.4bNOK 3.0b6.7x12.2x0.8x
Sat, 14 Dec 2024NOK 45.3bNOK 54.5bNOK 3.9b8.8x11.5x0.8x
Mon, 11 Nov 2024NOK 46.9bNOK 54.0bNOK 4.0b13.4x11.8x0.9x
Wed, 09 Oct 2024NOK 52.9bNOK 52.4bNOK 4.6b11.6x11.5x1x
Fri, 06 Sep 2024NOK 52.1bNOK 51.7bNOK 3.8b5.5x13.7x1x
Sun, 04 Aug 2024NOK 60.2bNOK 51.4bNOK 2.7b6.4x22x1.2x
Tue, 02 Jul 2024NOK 61.6bNOK 48.4bNOK 2.9b6.7x21.1x1.3x
Thu, 30 May 2024NOK 49.8bNOK 47.4bNOK 1.6b11.5x31x1.1x
Sat, 27 Apr 2024NOK 44.0bNOK 46.6bNOK 1.1b7x38.3x0.9x
Mon, 25 Mar 2024NOK 85.2bNOK 61.4bNOK 4.4b9.4x19.6x1.4x
Wed, 21 Feb 2024NOK 76.3bNOK 55.5bNOK 2.5b10.9x30x1.4x
Fri, 19 Jan 2024NOK 80.5bNOK 55.1bNOK 2.5b11.8x32.5x1.5x
Sun, 17 Dec 2023NOK 79.9bNOK 54.7bNOK 2.5b11.1x32.5x1.5x
Tue, 14 Nov 2023NOK 82.0bNOK 54.1bNOK 733.8m34.5x111.7x1.5x
Thu, 12 Oct 2023NOK 86.3bNOK 51.5b-NOK 1,609,834,662.0026.7x-53.6x1.7x
Sat, 09 Sep 2023NOK 89.5bNOK 49.7b-NOK 1,620,377,182.0015.9x-55.2x1.8x
Mon, 07 Aug 2023NOK 89.0bNOK 42.9b-NOK 4,782,611,592.0011.5x-18.6x2.1x
Wed, 05 Jul 2023NOK 75.9bNOK 44.6b-NOK 4,725,598,622.009.3x-16.1x1.7x
Fri, 02 Jun 2023NOK 73.1bNOK 46.0b-NOK 4,891,508,581.009x-14.9x1.6x
Price to Earnings Ratio

-14.9x


Total Market Cap: NOK 73.1bTotal Earnings: -NOK 4,891,508,581.00Total Revenue: NOK 46.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Drilling Industry Price to Earnings3Y Average 85.1x202420252026
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 63.2x which is lower than its 3-year average PE of 85.2x.
  • 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 declined 5.1% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Comparison

How does Norwegian Oil and Gas Drilling compare with similar industries?

NO Market-0.20%
Energy-2.09%
Energy Services-5.78%
Oil and Gas Drilling-1.90%
Oil and Gas Services-6.67%
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
COSH Constellation Oil Services HoldingNOK 142.001.4%
+NOK 168.9m		75.3%PS2.2x
PLSV Paratus Energy ServicesNOK 51.301.0%
+NOK 81.4m		43.5%PE12.1x
NOL Northern OceanNOK 8.882.5%
+NOK 66.7m		45.6%PS1.1x

Latest News

ARCH
NOK 26.00
Archer
7D
-2.1%
1Y
11.1%
OTL
NOK 62.50
Odfjell Technology
7D
-4.4%
1Y
28.5%
Analysis Article • May 20

Odfjell Technology's (OB:OTL) Solid Profits Have Weak Fundamentals

Last week's profit announcement from Odfjell Technology Ltd. ( OB:OTL ) was underwhelming for investors, despite...
ODL
NOK 89.70
Odfjell Drilling
7D
-5.8%
1Y
44.2%
Narrative Update • May 18

ODL: Higher Margin Outlook Will Support A More Disciplined Future Earnings Multiple

Analysts have raised the Odfjell Drilling fair value estimate to NOK 115.17 from NOK 109.57, citing updated assumptions around discount rates, profit margins, and a lower future P/E multiple, alongside a series of recent downgrades that have shifted sentiment toward a more cautious stance. Analyst Commentary Recent research has generally taken a more cautious tone.
PLSV
NOK 51.30
Paratus Energy Services
7D
1.0%
1Y
43.5%
DVD
NOK 20.15
Deep Value Driller
7D
-0.2%
1Y
28.3%
VTURA
NOK 32.90
Ventura Offshore Holding
7D
-2.7%
1Y
84.8%
COSH
NOK 142.00
Constellation Oil Services Holding
7D
1.4%
1Y
75.3%
DDRIL
NOK 2.90
Dolphin Drilling
7D
-2.4%
1Y
-98.1%
NOL
NOK 8.88
Northern Ocean
7D
2.5%
1Y
45.6%