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Norwegian (OSEAX) Oil and Gas Services Industry Analysis
UpdatedDec 21, 2024
DataAggregated Company Financials
Companies19
- 7D-1.1%
- 3M-8.3%
- 1Y3.8%
- YTDn/a
The Oil and Gas Services industry has been flat over the last week, but TGS has lost 4.1%. As for the the longer term, the industry is up 4.8% over the past 12 months. As for the next few years, earnings are expected to grow by 23% per annum.
Industry Valuation and Performance
Has the Norwegian Oil and Gas Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 21 Dec 2024 | NOK 127.0b | NOK 168.5b | NOK 13.6b | 6.2x | 9.3x | 0.8x |
| Mon, 18 Nov 2024 | NOK 139.7b | NOK 166.4b | NOK 12.8b | 9.3x | 10.9x | 0.8x |
| Wed, 16 Oct 2024 | NOK 133.8b | NOK 162.2b | NOK 12.0b | 8.7x | 11.1x | 0.8x |
| Fri, 13 Sep 2024 | NOK 134.3b | NOK 161.1b | NOK 11.9b | 7.6x | 11.3x | 0.8x |
| Sun, 11 Aug 2024 | NOK 149.7b | NOK 161.2b | NOK 12.1b | 13.2x | 12.4x | 0.9x |
| Tue, 09 Jul 2024 | NOK 152.9b | NOK 154.0b | NOK 10.0b | 14.1x | 15.3x | 1x |
| Thu, 06 Jun 2024 | NOK 148.1b | NOK 161.9b | NOK 10.6b | 15x | 14x | 0.9x |
| Sat, 04 May 2024 | NOK 143.7b | NOK 164.0b | NOK 10.6b | 11.9x | 13.5x | 0.9x |
| Mon, 01 Apr 2024 | NOK 136.2b | NOK 157.4b | NOK 8.7b | 9.7x | 15.6x | 0.9x |
| Wed, 28 Feb 2024 | NOK 119.6b | NOK 152.8b | NOK 7.7b | 9.7x | 15.6x | 0.8x |
| Fri, 26 Jan 2024 | NOK 124.5b | NOK 182.3b | NOK 8.8b | 8x | 14.2x | 0.7x |
| Sun, 24 Dec 2023 | NOK 130.1b | NOK 180.4b | NOK 8.7b | 8.7x | 15x | 0.7x |
| Tue, 21 Nov 2023 | NOK 130.8b | NOK 176.8b | NOK 8.9b | 7.6x | 14.7x | 0.7x |
| Thu, 19 Oct 2023 | NOK 131.6b | NOK 171.9b | NOK 7.1b | 9.5x | 18.5x | 0.8x |
| Sat, 16 Sep 2023 | NOK 127.3b | NOK 166.9b | NOK 6.8b | 9.4x | 18.8x | 0.8x |
| Mon, 14 Aug 2023 | NOK 116.0b | NOK 152.5b | NOK 3.3b | 14.1x | 35.3x | 0.8x |
| Wed, 12 Jul 2023 | NOK 108.8b | NOK 147.1b | NOK 4.3b | 12.2x | 25.4x | 0.7x |
| Fri, 09 Jun 2023 | NOK 105.8b | NOK 141.5b | NOK 4.4b | 13x | 24.1x | 0.7x |
| Sun, 07 May 2023 | NOK 103.2b | NOK 138.0b | NOK 4.4b | 15.6x | 23.6x | 0.7x |
| Tue, 04 Apr 2023 | NOK 118.9b | NOK 132.0b | NOK 4.1b | 16.8x | 28.8x | 0.9x |
| Thu, 02 Mar 2023 | NOK 118.3b | NOK 135.5b | NOK 14.6b | 14.9x | 8.1x | 0.9x |
| Sat, 28 Jan 2023 | NOK 105.5b | NOK 125.4b | NOK 11.4b | 8.6x | 9.3x | 0.8x |
| Mon, 26 Dec 2022 | NOK 94.8b | NOK 125.0b | NOK 10.9b | 10.6x | 8.7x | 0.8x |
| Wed, 23 Nov 2022 | NOK 93.4b | NOK 127.3b | NOK 11.1b | 10.4x | 8.4x | 0.7x |
| Fri, 21 Oct 2022 | NOK 91.2b | NOK 126.5b | -NOK 631,496,083.00 | 12.5x | -144.4x | 0.7x |
| Sun, 18 Sep 2022 | NOK 90.1b | NOK 123.2b | -NOK 556,618,233.00 | 15.2x | -161.8x | 0.7x |
| Tue, 16 Aug 2022 | NOK 85.4b | NOK 123.2b | -NOK 644,808,648.00 | 19x | -132.5x | 0.7x |
| Thu, 14 Jul 2022 | NOK 75.5b | NOK 120.6b | -NOK 2,296,098,721.00 | 18.3x | -32.9x | 0.6x |
| Sat, 11 Jun 2022 | NOK 93.1b | NOK 116.1b | -NOK 2,093,148,058.00 | 22.2x | -44.5x | 0.8x |
| Mon, 09 May 2022 | NOK 80.6b | NOK 114.3b | -NOK 2,034,857,974.00 | 17.2x | -39.6x | 0.7x |
| Wed, 06 Apr 2022 | NOK 75.2b | NOK 106.0b | -NOK 1,972,796,151.00 | 9.9x | -38.1x | 0.7x |
| Fri, 04 Mar 2022 | NOK 73.3b | NOK 106.1b | -NOK 2,817,907,948.00 | 9.4x | -26x | 0.7x |
| Sun, 30 Jan 2022 | NOK 65.4b | NOK 108.6b | NOK 8.6b | 5.2x | 7.6x | 0.6x |
| Tue, 28 Dec 2021 | NOK 61.1b | NOK 107.2b | NOK 8.5b | 5.1x | 7.2x | 0.6x |
Price to Earnings Ratio
7.2x
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 9.4x which is higher than its 3-year average PE of -1.3x.
- The industry is trading close to its 3-year average PS ratio of 0.77x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas Equipment and Services industry have grown 17% per year over the last three years.
- Revenues for these companies have grown 16% 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 | -2.76% | |
| Energy | -1.81% | |
| Energy Services | -2.04% | |
| Oil and Gas Services | -1.14% | |
| Oil and Gas Drilling | -4.60% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SOFF Solstad Offshore | NOK 40.14 | 3.6% +NOK 130.0m | 6.1% | PS0.9x | |
| AKSO Aker Solutions | NOK 30.68 | 0.4% +NOK 57.5m | -27.1% | PE12.2x | |
| BWO BW Offshore | NOK 27.50 | 0.9% +NOK 45.2m | 24.3% | PE3.7x | |
| REACH Reach Subsea | NOK 7.58 | 1.1% +NOK 21.7m | 73.9% | PE8.5x | |
| EIOF Eidesvik Offshore | NOK 13.28 | 0.2% +NOK 1.5m | -4.5% | PE6.2x |