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Norwegian (OSEAX) Energy Services Industry Analysis

UpdatedMay 07, 2025
DataAggregated Company Financials
Companies32
  • 7D1.1%
  • 3M-17.4%
  • 1Y-21.1%
  • YTD-17.1%

Over the last 7 days, the Energy Services industry has risen 1.1%, driven by gains from Subsea 7 of 3.0%. Meanwhile, Shelf Drilling (North Sea) actually underperformed within the industry, shrinking 29% in the last week. In the past year, the industry is down 21%. Looking forward, earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

Has the Norwegian Energy Services Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 07 May 2025NOK 153.0bNOK 220.6bNOK 16.0b7.7x9.6x0.7x
Fri, 04 Apr 2025NOK 159.2bNOK 215.6bNOK 16.4b8.5x9.7x0.7x
Sun, 02 Mar 2025NOK 168.1bNOK 228.7bNOK 17.0b7x9.9x0.7x
Tue, 28 Jan 2025NOK 173.8bNOK 211.6bNOK 16.6b6.6x10.5x0.8x
Thu, 26 Dec 2024NOK 172.9bNOK 223.7bNOK 17.6b6.3x9.8x0.8x
Sat, 23 Nov 2024NOK 189.2bNOK 223.8bNOK 17.8b9.3x10.7x0.8x
Mon, 21 Oct 2024NOK 183.6bNOK 215.2bNOK 17.5b8.8x10.5x0.9x
Wed, 18 Sep 2024NOK 190.9bNOK 211.9bNOK 16.4b7.9x11.7x0.9x
Fri, 16 Aug 2024NOK 208.0bNOK 212.2bNOK 15.0b13.4x13.8x1x
Sun, 14 Jul 2024NOK 218.2bNOK 209.7bNOK 14.3b12.4x15.3x1x
Tue, 11 Jun 2024NOK 199.6bNOK 211.0bNOK 13.5b14.1x14.7x0.9x
Thu, 09 May 2024NOK 192.9bNOK 211.3bNOK 12.5b12.2x15.4x0.9x
Sat, 06 Apr 2024NOK 183.0bNOK 201.9bNOK 9.8b8.7x18.6x0.9x
Mon, 04 Mar 2024NOK 203.9bNOK 216.5bNOK 12.9b10.7x15.8x0.9x
Wed, 31 Jan 2024NOK 198.7bNOK 236.9bNOK 11.2b7.9x17.7x0.8x
Fri, 29 Dec 2023NOK 212.8bNOK 233.4bNOK 11.1b8.7x19.2x0.9x
Sun, 26 Nov 2023NOK 213.6bNOK 230.6bNOK 10.0b8.1x21.4x0.9x
Tue, 24 Oct 2023NOK 209.9bNOK 224.5bNOK 5.5b10.9x38.3x0.9x
Thu, 21 Sep 2023NOK 225.7bNOK 216.6bNOK 5.1b10.5x44x1x
Sat, 19 Aug 2023NOK 212.1bNOK 213.1bNOK 1.9b13.2x113.2x1x
Mon, 17 Jul 2023NOK 189.2bNOK 190.5b-NOK 142,929,946.0010.9x-1323.4x1x
Wed, 14 Jun 2023NOK 174.9bNOK 183.9b-NOK 409,826,007.0011.3x-426.7x1x
Fri, 12 May 2023NOK 175.1bNOK 182.3bNOK 37.9b12.5x4.6x1x
Sun, 09 Apr 2023NOK 192.9bNOK 175.6b-NOK 1,325,670,836.0016.7x-145.5x1.1x
Tue, 07 Mar 2023NOK 191.7bNOK 175.1bNOK 37.6b10.7x5.1x1.1x
Thu, 02 Feb 2023NOK 163.7bNOK 160.7bNOK 44.6b7.8x3.7x1x
Sat, 31 Dec 2022NOK 140.9bNOK 158.2bNOK 43.3b7x3.3x0.9x
Mon, 28 Nov 2022NOK 138.6bNOK 166.7bNOK 42.8b7.6x3.2x0.8x
Wed, 26 Oct 2022NOK 137.0bNOK 167.2bNOK 33.2b9.5x4.1x0.8x
Fri, 23 Sep 2022NOK 122.1bNOK 167.7bNOK 33.4b9.5x3.7x0.7x
Sun, 21 Aug 2022NOK 118.9bNOK 158.3bNOK 30.2b9.1x3.9x0.8x
Tue, 19 Jul 2022NOK 101.5bNOK 163.9bNOK 30.2b9.6x3.4x0.6x
Thu, 16 Jun 2022NOK 123.2bNOK 158.1bNOK 29.7b9.7x4.1x0.8x
Sat, 14 May 2022NOK 121.0bNOK 155.0b-NOK 10,334,456,886.008.9x-11.7x0.8x
Price to Earnings Ratio

-11.7x


Total Market Cap: NOK 121.0bTotal Earnings: -NOK 10,334,456,886.00Total Revenue: NOK 155.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Services Industry Price to Earnings3Y Average -7.6x202320242025
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 9.6x which is higher than its 3-year average PE of -7.6x.
  • 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 12% 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 Market1.36%
Energy1.02%
Energy Services1.09%
Oil and Gas Services1.91%
Oil and Gas Drilling-1.69%
Industry PE
  • Investors are most optimistic about the Oil and Gas Drilling industry, which is trading close to its 3-year average PE ratio of 10.1x.
    • Analysts are expecting annual earnings growth of 28.3%, which is higher than its past year's earnings decline of 48.7% 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 1.9x.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 28% over the next 5 years.
  • This is better than its past earnings decline of 49% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 15% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
SUBC Subsea 7NOK 160.103.0%
+NOK 1.4b		-12.9%PE23.8x
AKSO Aker SolutionsNOK 29.485.7%
+NOK 761.5m		-30.6%PE5.8x
TGS TGSNOK 78.002.6%
+NOK 392.5m		-36.8%PE15.8x
ODL Odfjell DrillingNOK 54.001.5%
+NOK 191.8m		5.3%PE19.5x
NOL Northern OceanNOK 6.358.5%
+NOK 151.6m		-24.5%PS0.7x
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Latest News

REACH

NOK 7.00

Reach Subsea

7D

2.5%

1Y

12.2%

Reach Subsea's (OB:REACH) Conservative Accounting Might Explain Soft Earnings

May 07
Reach Subsea's (OB:REACH) Conservative Accounting Might Explain Soft Earnings

VTURA

NOK 17.40

Ventura Offshore Holding

7D

-2.0%

1Y

n/a

Ventura Offshore Holding's (OB:VTURA) Shareholders May Want To Dig Deeper Than Statutory Profit

May 07
Ventura Offshore Holding's (OB:VTURA) Shareholders May Want To Dig Deeper Than Statutory Profit

SUBC

NOK 160.10

Subsea 7

7D

3.0%

1Y

-12.9%

NOL

NOK 6.35

Northern Ocean

7D

8.5%

1Y

-24.5%

Health Check: How Prudently Does Northern Ocean (OB:NOL) Use Debt?

May 06
Health Check: How Prudently Does Northern Ocean (OB:NOL) Use Debt?

SHLF

NOK 4.65

Shelf Drilling

7D

-1.7%

1Y

-76.1%

Is Shelf Drilling (OB:SHLF) A Risky Investment?

May 06
Is Shelf Drilling (OB:SHLF) A Risky Investment?

ARCH

NOK 21.00

Archer

7D

-1.2%

1Y

-23.3%

SOFF

NOK 38.55

Solstad Offshore

7D

1.8%

1Y

-16.8%

PLSV

NOK 34.64

Paratus Energy Services

7D

-5.7%

1Y

n/a

AKSO

NOK 29.48

Aker Solutions

7D

5.7%

1Y

-30.6%

ODL

NOK 54.00

Odfjell Drilling

7D

1.5%

1Y

5.3%

DOFG

NOK 80.55

DOF Group

7D

-1.9%

1Y

-8.5%

DVD

NOK 14.66

Deep Value Driller

7D

4.7%

1Y

-47.4%

TGS

NOK 78.00

TGS

7D

2.6%

1Y

-36.8%

DDRIL

NOK 0.55

Dolphin Drilling

7D

-76.0%

1Y

-90.8%

A Piece Of The Puzzle Missing From Dolphin Drilling AS' (OB:DDRIL) 49% Share Price Climb

Apr 19
A Piece Of The Puzzle Missing From Dolphin Drilling AS' (OB:DDRIL) 49% Share Price Climb

NORAM

NOK 25.85

NorAm Drilling

7D

-8.2%

1Y

-38.2%

SDNS

NOK 21.00

Shelf Drilling (North Sea)

7D

-29.3%

1Y

-31.6%