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Norwegian (OSEAX) Oil and Gas Drilling Industry Analysis

UpdatedAug 11, 2025
DataAggregated Company Financials
Companies9
  • 7D4.4%
  • 3M7.2%
  • 1Y-1.4%
  • YTDn/a

The Oil and Gas Drilling industry is up 4.4% in the last week, with Constellation Oil Services Holding up 3.9%. During this same period, the Shelf Drilling (North Sea) underperformed, falling 29%. Overall in the last year, the industry is flat. Looking forward, earnings are forecast to grow by 71% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 11 Aug 2025NOK 163.0bNOK 50.6bNOK 1.2b7.5x135.3x3.2x
Wed, 09 Jul 2025NOK 32.5bNOK 44.2bNOK 1.6b7x20.8x0.7x
Fri, 06 Jun 2025NOK 37.2bNOK 49.6bNOK 925.6m6.9x40.2x0.7x
Sun, 04 May 2025NOK 34.4bNOK 44.0bNOK 3.2b4.6x10.7x0.8x
Tue, 01 Apr 2025NOK 39.1bNOK 41.4bNOK 2.5b7.1x15.6x0.9x
Thu, 27 Feb 2025NOK 36.8bNOK 44.0bNOK 2.7b7.3x13.8x0.8x
Sat, 25 Jan 2025NOK 37.0bNOK 43.8bNOK 3.0b6.9x12.3x0.8x
Mon, 23 Dec 2024NOK 43.2bNOK 55.3bNOK 4.0b8.2x10.8x0.8x
Wed, 20 Nov 2024NOK 47.6bNOK 54.0bNOK 4.3b10.1x11.1x0.9x
Fri, 18 Oct 2024NOK 50.3bNOK 52.1bNOK 5.4b11.3x9.2x1x
Sun, 15 Sep 2024NOK 51.9bNOK 52.2bNOK 4.6b11.7x11.4x1x
Tue, 13 Aug 2024NOK 56.8bNOK 50.5bNOK 2.8b6.4x20.1x1.1x
Thu, 11 Jul 2024NOK 60.0bNOK 50.4bNOK 2.7b6.5x22.4x1.2x
Sat, 08 Jun 2024NOK 50.2bNOK 48.6bNOK 2.9b6.9x17.2x1x
Mon, 06 May 2024NOK 43.0bNOK 46.0bNOK 1.2b6.9x34.7x0.9x
Wed, 03 Apr 2024NOK 45.0bNOK 45.9bNOK 1.1b7.5x39.6x1x
Fri, 01 Mar 2024NOK 76.0bNOK 58.3bNOK 3.8b14.5x20.1x1.3x
Sun, 28 Jan 2024NOK 83.3bNOK 54.6bNOK 2.5b11.9x34x1.5x
Tue, 26 Dec 2023NOK 80.8bNOK 53.6bNOK 2.4b11.5x33.5x1.5x
Thu, 23 Nov 2023NOK 80.6bNOK 53.9bNOK 1.3b20.4x64.3x1.5x
Sat, 21 Oct 2023NOK 84.8bNOK 52.3b-NOK 1,642,120,756.0025.6x-51.6x1.6x
Mon, 18 Sep 2023NOK 92.9bNOK 50.2b-NOK 1,639,433,472.0015.8x-56.7x1.9x
Wed, 16 Aug 2023NOK 91.2bNOK 45.0b-NOK 4,795,926,887.0011.8x-19x2x
Fri, 14 Jul 2023NOK 80.6bNOK 42.0b-NOK 4,404,883,372.0010.4x-18.3x1.9x
Sun, 11 Jun 2023NOK 73.1bNOK 45.1b-NOK 4,781,013,455.009.3x-15.3x1.6x
Tue, 09 May 2023NOK 71.5bNOK 42.2bNOK 33.2b8.9x2.2x1.7x
Thu, 06 Apr 2023NOK 64.8bNOK 42.6bNOK 33.3b8.3x1.9x1.5x
Sat, 04 Mar 2023NOK 67.8bNOK 42.1bNOK 33.4b7.8x2x1.6x
Mon, 30 Jan 2023NOK 55.8bNOK 34.2bNOK 32.8b6.9x1.7x1.6x
Wed, 28 Dec 2022NOK 46.1bNOK 34.0bNOK 32.6b5.5x1.4x1.4x
Fri, 25 Nov 2022NOK 45.9bNOK 41.4bNOK 32.2b6.4x1.4x1.1x
Sun, 23 Oct 2022NOK 41.7bNOK 43.2bNOK 34.5b5x1.2x1x
Tue, 20 Sep 2022NOK 38.4bNOK 42.0bNOK 33.4b5.1x1.2x0.9x
Thu, 18 Aug 2022NOK 33.8bNOK 38.9bNOK 29.5b4.7x1.1x0.9x
Price to Earnings Ratio

1.1x


Total Market Cap: NOK 33.8bTotal Earnings: NOK 29.5bTotal Revenue: NOK 38.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Drilling Industry Price to Earnings3Y Average 15.8x202320242025
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 135x which is higher than its 3-year average PE of 15.8x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Drilling industry have declined 66% per year over the last three years.
  • Meanwhile revenues for these companies have grown 9.2% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

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

NO Market0.79%
Energy-0.85%
Energy Services2.99%
Oil and Gas Drilling4.40%
Oil and Gas Services1.58%
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 83.103.9%
+NOK 4.7b		n/aPS22.7x
SHLF Shelf DrillingNOK 13.7859.5%
+NOK 1.4b		-29.6%PE3.2x
VTURA Ventura Offshore HoldingNOK 23.006.0%
+NOK 137.4m		-17.3%PE2.6x
OTL Odfjell TechnologyNOK 53.005.4%
+NOK 106.6m		-6.7%PE7.5x
PLSV Paratus Energy ServicesNOK 40.001.5%
+NOK 97.6m		-29.8%PE25.2x

Latest News

SHLF
NOK 13.78
Shelf Drilling
7D
59.5%
1Y
-29.6%
NOL
NOK 6.56
Northern Ocean
7D
4.5%
1Y
-7.5%
DVD
NOK 16.90
Deep Value Driller
7D
6.3%
1Y
-29.4%

News Flash: Analysts Just Made A Sizeable Upgrade To Their Deep Value Driller AS (OB:DVD) Forecasts

Aug 01
News Flash: Analysts Just Made A Sizeable Upgrade To Their Deep Value Driller AS (OB:DVD) Forecasts
DDRIL
NOK 0.0082
Dolphin Drilling
7D
-3.5%
1Y
-99.8%
VTURA
NOK 23.00
Ventura Offshore Holding
7D
6.0%
1Y
-17.3%
COSH
NOK 83.10
Constellation Oil Services Holding
7D
3.9%
1Y
n/a
PLSV
NOK 40.00
Paratus Energy Services
7D
1.5%
1Y
-29.8%
OTL
NOK 53.00
Odfjell Technology
7D
5.4%
1Y
-6.7%
ARCH
NOK 24.35
Archer
7D
4.5%
1Y
-0.9%
SDNS
NOK 21.00
Shelf Drilling (North Sea)
7D
-29.3%
1Y
-31.6%