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

Norwegian (OSEAX) Oil and Gas Drilling Industry Analysis

UpdatedJan 06, 2026
DataAggregated Company Financials
Companies8
  • 7D-4.8%
  • 3M10.8%
  • 1Y20.0%
  • YTDn/a

Over the last 7 days, the Oil and Gas Drilling industry has remained flat, although notably Odfjell Drilling gained 3.4%. As for the the longer term, the industry is up 22% over the past 12 months. Earnings are forecast to grow by 68% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 06 Jan 2026NOK 207.6bNOK 41.4bNOK 585.4m9.5x354.7x5x
Thu, 04 Dec 2025NOK 209.3bNOK 51.4bNOK 1.8b6.5x119x4.1x
Sat, 01 Nov 2025NOK 205.8bNOK 50.6bNOK 698.3m6.2x294.7x4.1x
Mon, 29 Sep 2025NOK 202.7bNOK 49.9bNOK 691.6m6.6x293x4.1x
Wed, 27 Aug 2025NOK 177.7bNOK 50.2bNOK 1.1b5.7x154.5x3.5x
Fri, 25 Jul 2025NOK 156.7bNOK 49.8bNOK 928.5m7.1x168.7x3.1x
Sun, 22 Jun 2025NOK 39.2bNOK 49.8bNOK 927.9m7x42.3x0.8x
Tue, 20 May 2025NOK 36.8bNOK 49.9bNOK 2.8b4.8x12.9x0.7x
Thu, 17 Apr 2025NOK 35.8bNOK 41.7bNOK 2.5b6.7x14.1x0.9x
Sat, 15 Mar 2025NOK 38.8bNOK 41.8bNOK 2.5b6.7x15.3x0.9x
Mon, 10 Feb 2025NOK 37.0bNOK 44.0bNOK 3.0b6.6x12.2x0.8x
Wed, 08 Jan 2025NOK 36.4bNOK 44.3bNOK 3.0b6.8x12x0.8x
Fri, 06 Dec 2024NOK 44.1bNOK 54.1bNOK 3.9b8.4x11.3x0.8x
Sun, 03 Nov 2024NOK 45.7bNOK 53.1bNOK 5.6b13.7x8.2x0.9x
Tue, 01 Oct 2024NOK 52.1bNOK 51.7bNOK 4.5b11.9x11.5x1x
Thu, 29 Aug 2024NOK 53.9bNOK 50.8bNOK 3.6b5.9x14.8x1.1x
Sat, 27 Jul 2024NOK 63.2bNOK 51.7bNOK 2.7b6.8x23x1.2x
Mon, 24 Jun 2024NOK 49.4bNOK 48.0bNOK 2.9b6.5x17.1x1x
Wed, 22 May 2024NOK 45.7bNOK 47.1bNOK 1.6b10.8x29x1x
Fri, 19 Apr 2024NOK 44.5bNOK 46.7bNOK 1.1b6.9x38.7x1x
Sun, 17 Mar 2024NOK 85.6bNOK 60.7bNOK 4.3b9.6x19.9x1.4x
Tue, 13 Feb 2024NOK 79.3bNOK 55.0bNOK 2.5b11.3x31.1x1.4x
Thu, 11 Jan 2024NOK 78.1bNOK 54.2bNOK 2.4b11.5x32x1.4x
Sat, 09 Dec 2023NOK 75.2bNOK 56.9bNOK 2.6b10.4x29.4x1.3x
Mon, 06 Nov 2023NOK 85.4bNOK 52.8bNOK 139.5m21.2x612x1.6x
Wed, 04 Oct 2023NOK 89.6bNOK 51.5b-NOK 1,609,266,779.0027.5x-55.6x1.7x
Fri, 01 Sep 2023NOK 90.2bNOK 49.7b-NOK 1,619,128,260.0016.1x-55.7x1.8x
Sun, 30 Jul 2023NOK 84.1bNOK 43.2b-NOK 4,809,600,824.0010.7x-17.5x1.9x
Tue, 27 Jun 2023NOK 71.3bNOK 44.9b-NOK 4,764,396,876.008.7x-15x1.6x
Thu, 25 May 2023NOK 76.2bNOK 45.7b-NOK 5,795,296,508.009.4x-13.2x1.7x
Sat, 22 Apr 2023NOK 71.7bNOK 42.5bNOK 33.7b8.2x2.1x1.7x
Mon, 20 Mar 2023NOK 61.9bNOK 43.2bNOK 34.4b7x1.8x1.4x
Wed, 15 Feb 2023NOK 62.1bNOK 35.0bNOK 33.7b8x1.8x1.8x
Fri, 13 Jan 2023NOK 47.8bNOK 34.3bNOK 32.9b5.3x1.5x1.4x
Price to Earnings Ratio

1.5x


Total Market Cap: NOK 47.8bTotal Earnings: NOK 32.9bTotal Revenue: NOK 34.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Drilling Industry Price to Earnings3Y Average 50.7x202420252026
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 374x which is higher than its 3-year average PE of 50.4x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 5.3x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Drilling industry have declined 74% per year over the last three years.
  • Meanwhile revenues for these companies have grown 6.3% 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 Market0.33%
Energy0.084%
Energy Services-2.08%
Oil and Gas Drilling-4.77%
Oil and Gas Services1.64%
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
OTL Odfjell TechnologyNOK 57.503.6%
+NOK 78.9m		21.1%PE6.7x
VTURA Ventura Offshore HoldingNOK 18.802.2%
+NOK 42.3m		-29.6%PE1.9x
ARCH ArcherNOK 22.800.9%
+NOK 19.9m		-16.2%PS0.2x
PLSV Paratus Energy ServicesNOK 43.460.1%
+NOK 9.8m		-2.7%PE12.3x

Latest News

DDRIL
NOK 0.0094
Dolphin Drilling
7D
-4.1%
1Y
-99.7%
PLSV
NOK 43.46
Paratus Energy Services
7D
0.1%
1Y
-2.7%
VTURA
NOK 18.80
Ventura Offshore Holding
7D
2.2%
1Y
-29.6%
COSH
NOK 112.12
Constellation Oil Services Holding
7D
-5.8%
1Y
n/a
ARCH
NOK 22.80
Archer
7D
0.9%
1Y
-16.2%

ARCH: Long-Term North Sea Contracts Will Support Future Earnings Momentum

Analysts have trimmed their price target on Archer from 35 to 30 dollars. This reflects slightly more conservative margin expectations, even as they modestly improve assumptions for long term revenue growth and discount rates.
ODL
NOK 85.90
Odfjell Drilling
7D
-0.3%
1Y
52.3%

ODL: Contract Extensions And Dividend Are Expected To Drive Shares Higher

Analysts have raised their price target on Odfjell Drilling significantly, from approximately NOK 65 to NOK 101. They cite expectations of faster revenue growth, higher profit margins, and slightly richer future valuation multiples supported by a lower perceived discount rate.
OTL
NOK 57.50
Odfjell Technology
7D
3.6%
1Y
21.1%
NOL
NOK 8.51
Northern Ocean
7D
-0.5%
1Y
5.7%