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Norwegian (OSEAX) Energy Services Industry Analysis
UpdatedMay 19, 2025
DataAggregated Company Financials
Companies32
- 7D2.2%
- 3M-8.6%
- 1Y-14.7%
- YTD-9.8%
The Energy Services industry is up 2.2% in the last week, with DOF Group up 12%. Meanwhile, Shelf Drilling (North Sea) actually underperformed within the industry, shrinking 29% in the last week. In the past year, the industry is down 15%. Earnings are forecast to grow by 19% annually.
Industry Valuation and Performance
Has the Norwegian Energy Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 20 May 2025 | NOK 166.5b | NOK 233.7b | NOK 16.9b | 6.7x | 9.9x | 0.7x |
| Thu, 17 Apr 2025 | NOK 148.8b | NOK 219.2b | NOK 16.6b | 7.8x | 8.9x | 0.7x |
| Sat, 15 Mar 2025 | NOK 164.1b | NOK 219.3b | NOK 16.7b | 7.9x | 9.8x | 0.7x |
| Mon, 10 Feb 2025 | NOK 170.8b | NOK 211.6b | NOK 16.6b | 6.5x | 10.3x | 0.8x |
| Wed, 08 Jan 2025 | NOK 174.6b | NOK 212.8b | NOK 16.7b | 6.6x | 10.5x | 0.8x |
| Fri, 06 Dec 2024 | NOK 175.6b | NOK 219.6b | NOK 17.3b | 7.9x | 10.2x | 0.8x |
| Sun, 03 Nov 2024 | NOK 180.9b | NOK 218.2b | NOK 18.0b | 11.2x | 10x | 0.8x |
| Tue, 01 Oct 2024 | NOK 183.3b | NOK 211.1b | NOK 16.3b | 8.6x | 11.2x | 0.9x |
| Thu, 29 Aug 2024 | NOK 201.5b | NOK 209.8b | NOK 15.1b | 14x | 13.3x | 1x |
| Sat, 27 Jul 2024 | NOK 224.7b | NOK 214.9b | NOK 15.0b | 11.2x | 15x | 1x |
| Mon, 24 Jun 2024 | NOK 197.9b | NOK 210.2b | NOK 13.5b | 13.8x | 14.7x | 0.9x |
| Wed, 22 May 2024 | NOK 193.8b | NOK 209.9b | NOK 12.1b | 13.7x | 16.1x | 0.9x |
| Fri, 19 Apr 2024 | NOK 186.5b | NOK 206.0b | NOK 9.9b | 9.3x | 18.8x | 0.9x |
| Sun, 17 Mar 2024 | NOK 216.9b | NOK 216.6b | NOK 12.9b | 9x | 16.8x | 1x |
| Tue, 13 Feb 2024 | NOK 196.3b | NOK 207.5b | NOK 9.5b | 9.1x | 20.6x | 0.9x |
| Thu, 11 Jan 2024 | NOK 203.7b | NOK 235.8b | NOK 11.2b | 8.2x | 18.2x | 0.9x |
| Sat, 09 Dec 2023 | NOK 199.1b | NOK 243.3b | NOK 11.4b | 7.9x | 17.4x | 0.8x |
| Mon, 06 Nov 2023 | NOK 216.6b | NOK 229.8b | NOK 7.8b | 8.3x | 27.8x | 0.9x |
| Wed, 04 Oct 2023 | NOK 218.3b | NOK 219.5b | NOK 5.4b | 10.3x | 40.1x | 1x |
| Fri, 01 Sep 2023 | NOK 212.3b | NOK 215.8b | NOK 5.1b | 9.2x | 41.5x | 1x |
| Sun, 30 Jul 2023 | NOK 195.3b | NOK 194.0b | -NOK 1,252,291,758.00 | 11.8x | -155.9x | 1x |
| Tue, 27 Jun 2023 | NOK 171.5b | NOK 195.0b | -NOK 375,472,042.00 | 9.8x | -456.8x | 0.9x |
| Thu, 25 May 2023 | NOK 182.4b | NOK 187.6b | -NOK 1,271,038,207.00 | 11.6x | -143.5x | 1x |
| Sat, 22 Apr 2023 | NOK 179.9b | NOK 176.8b | NOK 37.9b | 15.2x | 4.7x | 1x |
| Mon, 20 Mar 2023 | NOK 173.1b | NOK 178.7b | NOK 38.7b | 13.4x | 4.5x | 1x |
| Wed, 15 Feb 2023 | NOK 180.0b | NOK 168.4b | NOK 47.2b | 8.1x | 3.8x | 1.1x |
| Fri, 13 Jan 2023 | NOK 145.7b | NOK 159.8b | NOK 43.8b | 7.5x | 3.3x | 0.9x |
| Sun, 11 Dec 2022 | NOK 132.2b | NOK 160.2b | NOK 44.0b | 6.5x | 3x | 0.8x |
| Tue, 08 Nov 2022 | NOK 150.7b | NOK 170.5b | NOK 44.4b | 8.1x | 3.4x | 0.9x |
| Thu, 06 Oct 2022 | NOK 123.8b | NOK 170.0b | NOK 34.0b | 9.3x | 3.6x | 0.7x |
| Sat, 03 Sep 2022 | NOK 128.8b | NOK 161.3b | NOK 29.6b | 10.4x | 4.4x | 0.8x |
| Mon, 01 Aug 2022 | NOK 113.6b | NOK 161.3b | NOK 30.2b | 9.7x | 3.8x | 0.7x |
| Wed, 29 Jun 2022 | NOK 117.0b | NOK 156.5b | NOK 29.0b | 10.8x | 4x | 0.7x |
| Fri, 27 May 2022 | NOK 128.9b | NOK 153.2b | -NOK 10,351,828,337.00 | 9.9x | -12.5x | 0.8x |
Price to Earnings Ratio
-12.5x
Current Industry PE
- Investors are pessimistic on the Norwegian Energy 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 higher than its 3-year average PE of -7.3x.
- The industry is trading close to its 3-year average PS ratio of 0.89x.
Past Earnings Growth
- Total earnings for the Energy Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 15% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Energy industry?
| NO Market | 2.58% | |
| Energy | 1.15% | |
| Energy Services | 2.23% | |
| Oil and Gas Drilling | 5.14% | |
| Oil and Gas Services | 1.42% | |
Industry PE
- Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio of 10.3x.
- Analysts are expecting annual earnings growth of 42.0%, which is higher than its past year's earnings decline of 20.3% per year.
- Investors are most pessimistic about the Oil and Gas Services industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.5x.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 42% over the next 5 years.
- This is better than its past earnings decline of 20% per year.
- In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 12% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| ODL Odfjell Drilling | NOK 62.20 | 8.4% +NOK 1.2b | 22.7% | PE17.7x | |
| DOFG DOF Group | NOK 91.00 | 4.3% +NOK 923.5m | 0.1% | PE8.8x | |
| AKSO Aker Solutions | NOK 33.58 | 2.5% +NOK 395.2m | -23.9% | PE6.7x | |
| BWO BW Offshore | NOK 33.35 | 5.2% +NOK 298.3m | 18.9% | PE4.9x | |
| OTL Odfjell Technology | NOK 48.60 | 13.0% +NOK 221.0m | -22.4% | PE6.8x |
