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Norwegian (OSEAX) Oil and Gas Services Industry Analysis

UpdatedAug 08, 2026
DataAggregated Company Financials
Companies22
  • 7D1.8%
  • 3M-0.3%
  • 1Y42.6%
  • YTDn/a

In the last week, the Oil and Gas Services industry is up 4.2%, with Subsea 7 up 7.0%. This takes the industry's 12 month performance to a gain of 42%. As for the next few years, earnings are expected to grow by 3.1% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 08 Aug 2026NOK 226.1bNOK 193.1bNOK 22.7b7.1x10x1.2x
Mon, 06 Jul 2026NOK 223.8bNOK 197.1bNOK 20.8b6.4x10.8x1.1x
Wed, 03 Jun 2026NOK 227.4bNOK 189.2bNOK 19.6b7.1x11.6x1.2x
Fri, 01 May 2026NOK 237.4bNOK 188.4bNOK 18.5b7.9x12.8x1.3x
Sun, 29 Mar 2026NOK 217.5bNOK 194.9bNOK 19.4b7.9x11.2x1.1x
Tue, 24 Feb 2026NOK 198.3bNOK 189.4bNOK 17.5b7.8x11.4x1x
Thu, 22 Jan 2026NOK 172.8bNOK 193.5bNOK 18.4b6.4x9.4x0.9x
Sat, 20 Dec 2025NOK 152.7bNOK 195.7bNOK 18.7b5.8x8.2x0.8x
Mon, 17 Nov 2025NOK 151.8bNOK 194.1bNOK 17.3b7.3x8.8x0.8x
Wed, 15 Oct 2025NOK 148.5bNOK 190.9bNOK 16.4b6x9.1x0.8x
Fri, 12 Sep 2025NOK 155.6bNOK 187.0bNOK 16.4b6.6x9.5x0.8x
Sun, 10 Aug 2025NOK 156.7bNOK 191.2bNOK 16.3b7.9x9.6x0.8x
Tue, 08 Jul 2025NOK 145.4bNOK 179.9bNOK 13.9b8x10.5x0.8x
Thu, 05 Jun 2025NOK 137.1bNOK 179.7bNOK 13.6b7.8x10.1x0.8x
Sat, 03 May 2025NOK 119.6bNOK 178.6bNOK 13.0b9.1x9.2x0.7x
Mon, 31 Mar 2025NOK 133.1bNOK 176.5bNOK 14.0b8.7x9.5x0.8x
Wed, 26 Feb 2025NOK 132.2bNOK 179.8bNOK 14.1b8.3x9.4x0.7x
Fri, 24 Jan 2025NOK 139.2bNOK 167.8bNOK 13.6b6.4x10.2x0.8x
Sun, 22 Dec 2024NOK 127.0bNOK 168.4bNOK 13.6b6.2x9.3x0.8x
Tue, 19 Nov 2024NOK 140.5bNOK 166.4bNOK 12.8b9.3x10.9x0.8x
Thu, 17 Oct 2024NOK 133.3bNOK 163.1bNOK 12.1b8.4x11x0.8x
Sat, 14 Sep 2024NOK 137.2bNOK 160.5bNOK 11.9b8x11.6x0.9x
Mon, 12 Aug 2024NOK 149.7bNOK 161.2bNOK 12.1b13.2x12.4x0.9x
Wed, 10 Jul 2024NOK 153.1bNOK 154.0bNOK 10.0b14.1x15.3x1x
Fri, 07 Jun 2024NOK 149.2bNOK 161.7bNOK 10.6b14.3x14.1x0.9x
Sun, 05 May 2024NOK 143.7bNOK 164.0bNOK 10.6b11.9x13.5x0.9x
Tue, 02 Apr 2024NOK 136.2bNOK 157.6bNOK 8.7b9.7x15.6x0.9x
Thu, 29 Feb 2024NOK 119.9bNOK 153.4bNOK 8.8b8x13.5x0.8x
Sat, 27 Jan 2024NOK 125.7bNOK 182.1bNOK 8.7b8.1x14.4x0.7x
Mon, 25 Dec 2023NOK 130.1bNOK 180.4bNOK 8.7b8.7x15x0.7x
Wed, 22 Nov 2023NOK 128.7bNOK 176.4bNOK 8.9b7.4x14.5x0.7x
Fri, 20 Oct 2023NOK 129.5bNOK 171.7bNOK 7.1b9.2x18.2x0.8x
Sun, 17 Sep 2023NOK 127.9bNOK 167.3bNOK 6.8b9.1x18.9x0.8x
Tue, 15 Aug 2023NOK 117.8bNOK 152.8bNOK 3.3b14.4x35.7x0.8x
Price to Earnings Ratio

35.7x


Total Market Cap: NOK 117.8bTotal Earnings: NOK 3.3bTotal Revenue: NOK 152.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Services Industry Price to Earnings3Y Average 12.2x202420252026
Current Industry PE
  • Investors are pessimistic on the Norwegian Oil and Gas Equipment and Services 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 9.9x which is lower than its 3-year average PE of 12.2x.
  • The 3-year average PS ratio of 0.86x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Equipment and Services industry have grown 91% per year over the last three years.
  • Revenues for these companies have grown 8.3% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

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

NO Market0.25%
Energy-2.16%
Energy Services1.11%
Oil and Gas Services1.79%
Oil and Gas Drilling-1.74%
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
SUBC Subsea 7NOK 328.203.1%
+NOK 2.9b		64.9%PE16.7x
TGS TGSNOK 132.704.2%
+NOK 1.0b		77.1%PE28.1x
DOFG DOF GroupNOK 125.300.6%
+NOK 197.0m		32.1%PE7x
PRS ProsafeNOK 5.915.9%
+NOK 116.3m		55.5%PE1.4x
REACH Reach SubseaNOK 5.374.7%
+NOK 78.5m		-33.1%PS0.7x

Latest News

TGS
NOK 132.70
TGS
7D
4.2%
1Y
77.1%
SUBC
NOK 328.20
Subsea 7
7D
3.1%
1Y
64.9%
SOFF
NOK 68.30
Solstad Offshore
7D
0.7%
1Y
30.3%
Narrative Update • Jul 27

SOFF: Long-Term Vessel Contracts And Dividends Will Support Upside Potential

Solstad Offshore's analyst fair value estimate has been revised from NOK 71 to NOK 79.50, with analysts pointing to updated assumptions around discount rates, revenue growth, margins and future P/E as key drivers behind the new price target. What's in the News for Solstad Offshore The board has approved a cash dividend of US$0.15 per share for the second quarter of 2026, totaling about US$12.4 million.
AQUA
NOK 8.64
Aqualis
7D
-1.1%
1Y
-8.7%
AKSO
NOK 41.70
Aker Solutions
7D
-0.8%
1Y
36.7%
SOMA
NOK 27.95
Solstad Maritime
7D
-0.9%
1Y
15.4%
SEA1
NOK 27.35
Sea1 Offshore
7D
1.9%
1Y
-4.0%
Narrative Update • Jul 10

SEA1: Auditor Change And Stronger Outlook Will Support Further Upside

Analysts have raised the Sea1 Offshore price target from NOK30.35 to NOK34.22, citing updated assumptions for revenue growth, profit margins, the discount rate and future P/E expectations. What’s in the News for Sea1 Offshore At the AGM held on April 24, 2026, Sea1 Offshore shareholders approved the appointment of Ernst & Young as the company’s auditor.
EIOF
NOK 15.90
Eidesvik Offshore
7D
-1.5%
1Y
16.1%
AKAST
NOK 12.90
Akastor
7D
-0.6%
1Y
6.4%
PRS
NOK 5.91
Prosafe
7D
5.9%
1Y
55.5%
Narrative Update • Jun 26

PRS: Upgrade To Buy Will Highlight Future Offshore Accommodation Contract Potential

Analysts have raised their price target on Prosafe to NOK 5.50 from about NOK 3.53, citing updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E. This change is also reflected in a recent upgrade to Buy from Hold.
VOIM
NOK 0.41
Voim
7D
-35.4%
1Y
-79.6%
DOFG
NOK 125.30
DOF Group
7D
0.6%
1Y
32.1%
Narrative Update • Jun 25

DOFG: Long-Term Brazil Contracts And Dividend Will Support Future Upside

Analysts now see DOF Group as fairly valued at NOK 145.80, refining their price target without a material change in underlying fair value as they factor in a slightly higher discount rate and a modestly lower future P/E assumption. What's in the News for DOF Group The board of directors approved a dividend of US$0.37 per share for DOF Group ASA on 21 May 2026, with last day including right on 27 May 2026, ex-date on 28 May 2026, record date on 29 May 2026, and payment date on 4 June 2026.
BWO
NOK 45.20
BW Offshore
7D
-3.1%
1Y
22.2%
HERMA
NOK 15.00
Hermana Holding
7D
-4.5%
1Y
13.2%
REACH
NOK 5.37
Reach Subsea
7D
4.7%
1Y
-33.1%
ENH
NOK 8.02
SED Energy Holdings
7D
0.9%
1Y
-8.2%