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Norwegian (OSEAX) Oil and Gas Drilling Industry Analysis

UpdatedAug 24, 2026
DataAggregated Company Financials
Companies8
  • 7D2.0%
  • 3M0.4%
  • 1Y24.1%
  • YTDn/a

Over the last 7 days, the Oil and Gas Drilling industry has risen 2.0%, driven by gains from Odfjell Drilling of 3.6%. This means that the industry has gained 24% over the past year. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Aug 2026NOK 54.0bNOK 40.8bNOK 1.6b8.2x33.6x1.3x
Wed, 22 Jul 2026NOK 51.0bNOK 41.3bNOK 1.5b7.4x33.7x1.2x
Fri, 19 Jun 2026NOK 50.1bNOK 41.6bNOK 1.5b7.3x32.8x1.2x
Sun, 17 May 2026NOK 54.7bNOK 39.9bNOK 557.7m9.9x98x1.4x
Tue, 14 Apr 2026NOK 57.9bNOK 40.2bNOK 412.8m10.1x140.3x1.4x
Thu, 12 Mar 2026NOK 245.9bNOK 40.4bNOK 990.7m9.3x248.2x6.1x
Sat, 07 Feb 2026NOK 221.6bNOK 40.1bNOK 576.3m10.4x384.5x5.5x
Mon, 05 Jan 2026NOK 219.0bNOK 41.5bNOK 586.2m9.6x373.7x5.3x
Wed, 03 Dec 2025NOK 208.6bNOK 51.8bNOK 1.8b6.4x117.7x4x
Fri, 31 Oct 2025NOK 202.8bNOK 50.3bNOK 695.5m6.2x291.6x4x
Sun, 28 Sep 2025NOK 202.7bNOK 49.9bNOK 691.6m6.6x293x4.1x
Tue, 26 Aug 2025NOK 171.1bNOK 50.6bNOK 1.4b8.5x118.8x3.4x
Thu, 24 Jul 2025NOK 149.2bNOK 49.7bNOK 927.2m7.1x161x3x
Sat, 21 Jun 2025NOK 39.2bNOK 49.8bNOK 927.9m7x42.3x0.8x
Mon, 19 May 2025NOK 37.4bNOK 50.3bNOK 2.9b4.7x13x0.7x
Wed, 16 Apr 2025NOK 36.0bNOK 41.8bNOK 2.5b6.7x14.2x0.9x
Fri, 14 Mar 2025NOK 38.7bNOK 42.0bNOK 2.5b6.5x15.2x0.9x
Sun, 09 Feb 2025NOK 37.0bNOK 44.0bNOK 3.0b6.6x12.2x0.8x
Tue, 07 Jan 2025NOK 36.3bNOK 44.1bNOK 3.0b6.9x12x0.8x
Thu, 05 Dec 2024NOK 45.4bNOK 54.0bNOK 3.9b8.8x11.7x0.8x
Sat, 02 Nov 2024NOK 45.7bNOK 52.7bNOK 5.5b9.7x8.3x0.9x
Mon, 30 Sep 2024NOK 51.5bNOK 51.5bNOK 4.5b11.9x11.4x1x
Wed, 28 Aug 2024NOK 56.4bNOK 50.6bNOK 3.6b6x15.5x1.1x
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
Price to Earnings Ratio

-52.5x


Total Market Cap: NOK 90.2bTotal Earnings: -NOK 1,718,945,114.00Total Revenue: NOK 48.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Drilling Industry Price to Earnings3Y Average 89.5x202420252026
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 33.6x which is lower than its 3-year average PE of 89.5x.
  • The 3-year average PS ratio of 1.9x is higher than the industry's current PS ratio of 1.3x.
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 5.9% 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 Market0.24%
Energy2.18%
Energy Services-1.27%
Oil and Gas Drilling1.97%
Oil and Gas Services-1.99%
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
PLSV Paratus Energy ServicesNOK 51.303.6%
+NOK 292.9m		23.8%PE8.3x
ODL Odfjell DrillingNOK 92.901.0%
+NOK 215.8m		16.1%PE10.6x
COSH Constellation Oil Services HoldingNOK 139.000.7%
+NOK 84.4m		59.8%PS1.9x

Latest News

OTL
NOK 59.10
Odfjell Technology
7D
-1.7%
1Y
0%
Analysis Article • Aug 23

Odfjell Technology Ltd. Just Missed EPS By 19%: Here's What Analysts Think Will Happen Next

The analysts might have been a bit too bullish on Odfjell Technology Ltd. ( OB:OTL ), given that the company fell short...
ODL
NOK 92.90
Odfjell Drilling
7D
1.0%
1Y
16.1%
Narrative Update • Aug 21

ODL: Extended Contract Backlog Will Support Future Share Price Upside

The analyst price target for Odfjell Drilling has been reduced from about NOK 116 to about NOK 111, as analysts factor in updated revenue expectations, a higher discount rate and recent mixed rating actions that include downgrades to Hold with targets around NOK 106 to NOK 121 and an upgrade to Buy at NOK 110. Analyst Commentary Recent Street research on Odfjell Drilling shows a mix of upgrades and downgrades that give a balanced view of how analysts are thinking about the stock today.
DDRIL
NOK 2.34
Dolphin Drilling
7D
-6.0%
1Y
8.3%
COSH
NOK 139.00
Constellation Oil Services Holding
7D
0.7%
1Y
59.8%
ARCH
NOK 23.80
Archer
7D
-4.8%
1Y
-1.9%
DVD
NOK 20.50
Deep Value Driller
7D
-1.7%
1Y
16.5%
PLSV
NOK 51.30
Paratus Energy Services
7D
3.6%
1Y
23.8%
VTURA
NOK 29.00
Ventura Offshore Holding
7D
-0.7%
1Y
15.1%
Narrative Update • Jul 24

VTURA: Extended Rig Backlog Will Support Earnings Visibility Into 2026

Analysts have lifted their price target for Ventura Offshore Holding from about NOK 37.13 to around NOK 42.42, citing updated assumptions on the discount rate, revenue growth, profit margin and future P/E as key drivers of the change. What's in the News for Ventura Offshore Holding Ventura Offshore Holding Ltd.