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Norwegian (OSEAX) Oil and Gas Services Industry Analysis

UpdatedApr 13, 2025
DataAggregated Company Financials
Companies22
  • 7D-1.7%
  • 3M-25.4%
  • 1Y-25.0%
  • YTDn/a

Over the last 7 days, the Oil and Gas Services industry has dropped 1.7%, driven by TGS declining 6.9%. On the other hand Solstad Offshore is actually up 9.4%. Overall the industry is down 25% in 12 months. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 14 Apr 2025NOK 110.0bNOK 177.7bNOK 14.1b8.2x7.8x0.6x
Wed, 12 Mar 2025NOK 119.9bNOK 177.7bNOK 14.2b8.4x8.5x0.7x
Fri, 07 Feb 2025NOK 133.6bNOK 167.4bNOK 13.5b6.3x9.9x0.8x
Sun, 05 Jan 2025NOK 137.6bNOK 168.7bNOK 13.7b6.3x10.1x0.8x
Tue, 03 Dec 2024NOK 128.0bNOK 166.3bNOK 13.4b8.2x9.5x0.8x
Thu, 31 Oct 2024NOK 133.6bNOK 165.1bNOK 12.5b9.1x10.7x0.8x
Sat, 28 Sep 2024NOK 129.9bNOK 158.9bNOK 11.7b8.1x11.1x0.8x
Mon, 26 Aug 2024NOK 152.3bNOK 158.1bNOK 12.8b14.3x11.9x1x
Wed, 24 Jul 2024NOK 161.5bNOK 160.8bNOK 11.8b12.6x13.7x1x
Fri, 21 Jun 2024NOK 149.0bNOK 161.9bNOK 10.6b13.9x14.1x0.9x
Sun, 19 May 2024NOK 148.0bNOK 163.0bNOK 10.6b13.1x14x0.9x
Tue, 16 Apr 2024NOK 143.8bNOK 158.3bNOK 8.8b10.2x16.4x0.9x
Thu, 14 Mar 2024NOK 128.2bNOK 154.7bNOK 8.6b9.1x14.9x0.8x
Sat, 10 Feb 2024NOK 113.9bNOK 153.2bNOK 7.0b8.7x16.3x0.7x
Mon, 08 Jan 2024NOK 133.0bNOK 181.2bNOK 8.7b8.5x15.3x0.7x
Wed, 06 Dec 2023NOK 125.0bNOK 186.5bNOK 8.9b7.8x14.1x0.7x
Fri, 03 Nov 2023NOK 132.9bNOK 177.9bNOK 7.7b8.4x17.3x0.7x
Sun, 01 Oct 2023NOK 130.9bNOK 166.7bNOK 7.0b9.5x18.7x0.8x
Tue, 29 Aug 2023NOK 121.2bNOK 166.5bNOK 6.3b8.2x19.3x0.7x
Thu, 27 Jul 2023NOK 112.5bNOK 147.6bNOK 3.8b12.8x29.8x0.8x
Sat, 24 Jun 2023NOK 98.5bNOK 141.1bNOK 4.4b12.1x22.5x0.7x
Mon, 22 May 2023NOK 106.0bNOK 141.3bNOK 4.5b22.5x23.6x0.8x
Wed, 19 Apr 2023NOK 109.7bNOK 133.4bNOK 4.2b16x26.2x0.8x
Fri, 17 Mar 2023NOK 110.6bNOK 135.9bNOK 4.3b16x25.9x0.8x
Sun, 12 Feb 2023NOK 117.2bNOK 133.0bNOK 13.4b9.5x8.8x0.9x
Tue, 10 Jan 2023NOK 97.7bNOK 125.0bNOK 10.8b10.9x9x0.8x
Thu, 08 Dec 2022NOK 91.9bNOK 126.4bNOK 11.0b10.6x8.3x0.7x
Sat, 05 Nov 2022NOK 100.3bNOK 128.9bNOK 11.1b12.6x9x0.8x
Mon, 03 Oct 2022NOK 82.6bNOK 128.7b-NOK 618,016,467.0012.5x-133.7x0.6x
Wed, 31 Aug 2022NOK 89.2bNOK 119.7b-NOK 386,902,116.0011.6x-230.7x0.7x
Fri, 29 Jul 2022NOK 79.8bNOK 123.9b-NOK 1,167,791,336.0018.6x-68.3x0.6x
Sun, 26 Jun 2022NOK 75.6bNOK 118.1b-NOK 2,253,971,144.0018.8x-33.5x0.6x
Tue, 24 May 2022NOK 86.5bNOK 116.2b-NOK 1,896,913,794.0013.9x-45.6x0.7x
Thu, 21 Apr 2022NOK 80.0bNOK 106.2b-NOK 1,778,869,063.0010x-45x0.8x
Price to Earnings Ratio

-45x


Total Market Cap: NOK 80.0bTotal Earnings: -NOK 1,778,869,063.00Total Revenue: NOK 106.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Services Industry Price to Earnings3Y Average 0.8x202320242025
Current Industry PE
  • Investors are optimistic on the Norwegian Oil and Gas Equipment and Services industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 7.8x which is higher than its 3-year average PE of 0.80x.
  • The industry is trading close to its 3-year average PS ratio of 0.78x.
Past Earnings Growth
  • Total earnings for the Oil and Gas Equipment and Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 19% per year.
  • This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.

Industry Comparison

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

NO Market0.44%
Energy-2.02%
Energy Services-1.46%
Oil and Gas Services-1.69%
Oil and Gas Drilling-0.71%
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
SOFF Solstad OffshoreNOK 36.359.4%
+NOK 257.7m		-17.4%PE2.4x
SUBC Subsea 7NOK 141.400.5%
+NOK 206.9m		-23.2%PE19.5x
REACH Reach SubseaNOK 7.055.2%
+NOK 114.6m		18.3%PE11.2x
EIOF Eidesvik OffshoreNOK 11.908.2%
+NOK 65.7m		-26.5%PE10.5x
EMGS Electromagnetic GeoservicesNOK 1.9715.6%
+NOK 34.7m		-15.7%PE8.6x
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Latest News

EIOF

NOK 11.90

Eidesvik Offshore

7D

8.2%

1Y

-26.5%

EMGS

NOK 1.97

Electromagnetic Geoservices

7D

15.6%

1Y

-15.7%

Revenues Not Telling The Story For Electromagnetic Geoservices ASA (OB:EMGS)

Apr 12
Revenues Not Telling The Story For Electromagnetic Geoservices ASA (OB:EMGS)

SEA1

NOK 16.80

Sea1 Offshore

7D

1.3%

1Y

-55.6%

AQUIL

NOK 0.75

Aquila Holdings

7D

12.3%

1Y

-23.9%

REACH

NOK 7.05

Reach Subsea

7D

5.2%

1Y

18.3%

Reach Subsea (OB:REACH) Will Pay A Larger Dividend Than Last Year At NOK0.42

Apr 10
Reach Subsea (OB:REACH) Will Pay A Larger Dividend Than Last Year At NOK0.42

TGS

NOK 74.10

TGS

7D

-6.9%

1Y

-45.8%

TGS ASA's (OB:TGS) Share Price Is Still Matching Investor Opinion Despite 25% Slump

Apr 10
TGS ASA's (OB:TGS) Share Price Is Still Matching Investor Opinion Despite 25% Slump

NORAM

NOK 26.50

NorAm Drilling

7D

-5.5%

1Y

-40.5%

DOFG

NOK 76.80

DOF Group

7D

-3.5%

1Y

1.1%

AKSO

NOK 28.40

Aker Solutions

7D

-2.8%

1Y

-27.6%

AKAST

NOK 10.80

Akastor

7D

-7.1%

1Y

-1.1%

author-image

IPO And Offshore Deals Will Shape Future Outcomes Amid Challenges

Apr 06 Strong EBITDA growth and potential public listing for HMH suggest enhanced future earnings and liquidity opportunities.

SOFF

NOK 36.35

Solstad Offshore

7D

9.4%

1Y

-17.4%

SUBC

NOK 141.40

Subsea 7

7D

0.5%

1Y

-23.2%

BWO

NOK 26.40

BW Offshore

7D

-4.0%

1Y

-7.2%

author-image

New FPSO Projects May Strengthen Operations Despite Earnings Decline

Mar 19 Strategic FPSO project expansion and emerging floating wind initiatives could drive long-term revenue growth and diversification into low-carbon energy solutions.

SDSD

NOK 1.88

S.D. Standard ETC

7D

-0.2%

1Y

9.6%

HAVI

NOK 1.08

Havila Shipping

7D

-10.1%

1Y

-85.2%

ABL

NOK 9.30

ABL Group

7D

2.2%

1Y

-20.9%