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Norwegian (OSEAX) Oil and Gas Services Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies22
  • 7D0.5%
  • 3M15.0%
  • 1Y37.7%
  • YTDn/a

In the last week, the Oil and Gas Services industry is up 1.5%, with Subsea 7 up 2.5%. This means that the industry has gained 37% over the past year. Earnings are forecast to grow by 35% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024NOK 162.0bNOK 161.0bNOK 11.8b12.3x13.7x1x
Sun, 23 Jun 2024NOK 148.5bNOK 162.2bNOK 10.6b13.8x14x0.9x
Tue, 21 May 2024NOK 148.0bNOK 162.9bNOK 10.5b14.1x14.1x0.9x
Thu, 18 Apr 2024NOK 141.5bNOK 158.8bNOK 8.8b10.1x16.1x0.9x
Sat, 16 Mar 2024NOK 131.3bNOK 155.9bNOK 8.6b9x15.2x0.8x
Mon, 12 Feb 2024NOK 113.9bNOK 153.2bNOK 7.0b8.7x16.3x0.7x
Wed, 10 Jan 2024NOK 126.2bNOK 181.5bNOK 8.7b8.2x14.5x0.7x
Fri, 08 Dec 2023NOK 121.5bNOK 186.1bNOK 8.9b7.6x13.7x0.7x
Sun, 05 Nov 2023NOK 131.2bNOK 177.0bNOK 7.7b8.3x17.1x0.7x
Tue, 03 Oct 2023NOK 130.9bNOK 167.7bNOK 7.0b9.1x18.6x0.8x
Thu, 31 Aug 2023NOK 122.2bNOK 165.2bNOK 6.2b8.6x19.6x0.7x
Sat, 29 Jul 2023NOK 111.1bNOK 150.6bNOK 3.5b12.8x31.3x0.7x
Mon, 26 Jun 2023NOK 98.5bNOK 140.8bNOK 4.4b12.1x22.6x0.7x
Wed, 24 May 2023NOK 105.9bNOK 141.8bNOK 4.5b22.1x23.4x0.7x
Fri, 21 Apr 2023NOK 107.1bNOK 134.3bNOK 4.2b15.7x25.3x0.8x
Sun, 19 Mar 2023NOK 111.3bNOK 135.6bNOK 4.3b16.1x26.2x0.8x
Tue, 14 Feb 2023NOK 117.3bNOK 132.7bNOK 13.3b9.2x8.8x0.9x
Thu, 12 Jan 2023NOK 96.4bNOK 126.2bNOK 11.0b10.6x8.8x0.8x
Sat, 10 Dec 2022NOK 90.9bNOK 125.8bNOK 11.0b10.6x8.3x0.7x
Mon, 07 Nov 2022NOK 100.3bNOK 128.9bNOK 11.1b12.6x9x0.8x
Wed, 05 Oct 2022NOK 87.9bNOK 125.5b-NOK 581,640,041.0012.5x-151.1x0.7x
Fri, 02 Sep 2022NOK 88.6bNOK 122.1b-NOK 540,181,596.0020.7x-163.9x0.7x
Sun, 31 Jul 2022NOK 83.0bNOK 123.1b-NOK 646,400,190.0018.6x-128.4x0.7x
Tue, 28 Jun 2022NOK 78.6bNOK 117.3b-NOK 2,239,699,151.0018.8x-35.1x0.7x
Thu, 26 May 2022NOK 90.5bNOK 116.2b-NOK 1,897,656,503.0013.9x-47.7x0.8x
Sat, 23 Apr 2022NOK 79.4bNOK 107.2b-NOK 1,789,524,849.0010.2x-44.3x0.7x
Mon, 21 Mar 2022NOK 76.3bNOK 107.6b-NOK 1,910,884,065.0026.6x-39.9x0.7x
Wed, 16 Feb 2022NOK 65.6bNOK 105.0bNOK 8.4b6.3x7.8x0.6x
Fri, 14 Jan 2022NOK 67.8bNOK 105.9bNOK 8.6b5.2x7.9x0.6x
Sun, 12 Dec 2021NOK 61.2bNOK 108.1bNOK 8.5b5.3x7.2x0.6x
Tue, 09 Nov 2021NOK 68.9bNOK 100.5bNOK 6.8b6.8x10.1x0.7x
Thu, 07 Oct 2021NOK 67.1bNOK 96.8bNOK 6.3b5.1x10.7x0.7x
Sat, 04 Sep 2021NOK 60.0bNOK 97.9bNOK 6.1b3.1x9.8x0.6x
Mon, 02 Aug 2021NOK 62.4bNOK 97.9bNOK 6.1b3.1x10.2x0.6x
Price to Earnings Ratio

10.2x


Total Market Cap: NOK 62.4bTotal Earnings: NOK 6.1bTotal Revenue: NOK 97.9bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Services Industry Price to Earnings3Y Average -1.6x202220232024
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 13.6x which is higher than its 3-year average PE of -1.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.74x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas Equipment and Services industry have grown 24% per year over the last three years.
  • Revenues for these companies have grown 18% 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 Market-1.27%
Energy-2.71%
Energy Services0.045%
Oil and Gas Services0.49%
Oil and Gas Drilling-1.08%
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 215.203.1%
+NOK 1.8b		59.9%PE56.5x
DOFG DOF GroupNOK 105.601.2%
+NOK 229.6m		164.0%PE4.4x
JACK JacktelNOK 2.8021.7%
+NOK 98.1m		n/aPS1.4x
EIOF Eidesvik OffshoreNOK 19.201.7%
+NOK 23.4m		69.3%PE2.6x
SBX SeaBird ExplorationNOK 5.255.6%
+NOK 22.5m		19.6%PS1.1x
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Latest News

DOFG

NOK 105.60

DOF Group

7D

1.2%

1Y

164.0%

SUBC

NOK 215.20

Subsea 7

7D

3.1%

1Y

59.9%

TGS

NOK 132.80

TGS

7D

-3.8%

1Y

1.5%

EMGS

NOK 2.77

Electromagnetic Geoservices

7D

1.8%

1Y

6.1%

EIOF

NOK 19.20

Eidesvik Offshore

7D

1.7%

1Y

69.3%

Eidesvik Offshore ASA (OB:EIOF) Held Back By Insufficient Growth Even After Shares Climb 26%

Jul 24
Eidesvik Offshore ASA (OB:EIOF) Held Back By Insufficient Growth Even After Shares Climb 26%

AKSO

NOK 52.30

Aker Solutions

7D

-3.9%

1Y

14.3%

AKAST

NOK 15.90

Akastor

7D

-4.4%

1Y

43.8%

Akastor (OB:AKAST) Is Posting Healthy Earnings, But It Is Not All Good News

Jul 18
Akastor (OB:AKAST) Is Posting Healthy Earnings, But It Is Not All Good News

BBERG

NOK 32.60

Beerenberg

7D

-1.2%

1Y

n/a

Is Beerenberg (OB:BBERG) Using Too Much Debt?

Jul 16
Is Beerenberg (OB:BBERG) Using Too Much Debt?

REACH

NOK 9.18

Reach Subsea

7D

-2.1%

1Y

128.4%

NORAM

NOK 39.80

NorAm Drilling

7D

-1.2%

1Y

-17.9%

BWO

NOK 31.50

BW Offshore

7D

-0.5%

1Y

17.4%

PRS

NOK 38.00

Prosafe

7D

1.7%

1Y

-68.6%

SBX

NOK 5.25

SeaBird Exploration

7D

5.6%

1Y

19.6%

JACK

NOK 2.80

Jacktel

7D

21.7%

1Y

n/a

SEA1

NOK 29.40

Sea1 Offshore

7D

-3.3%

1Y

43.4%

Benign Growth For Sea1 Offshore Inc. (OB:SEA1) Underpins Its Share Price

May 22
Benign Growth For Sea1 Offshore Inc. (OB:SEA1) Underpins Its Share Price

SDSD

NOK 1.63

S.D. Standard ETC

7D

2.0%

1Y

-11.8%