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Norwegian (OSEAX) Energy Services Industry Analysis

UpdatedSep 25, 2024
DataAggregated Company Financials
Companies32
  • 7D0.002%
  • 3M-6.6%
  • 1Y3.2%
  • YTD3.3%

In the last week, the Energy Services industry is up 1.4%, with Subsea 7 up 3.4%. During this same period, the Paratus Energy Services underperformed, falling 5.9%. This takes the industry's 12 month performance to a gain of 3.8%. Looking forward, earnings are forecast to grow by 36% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 25 Sep 2024NOK 190.9bNOK 209.1bNOK 16.1b8.3x11.8x0.9x
Fri, 23 Aug 2024NOK 207.5bNOK 210.7bNOK 15.9b11.5x13.1x1x
Sun, 21 Jul 2024NOK 224.8bNOK 211.1bNOK 14.4b11.3x15.6x1.1x
Tue, 18 Jun 2024NOK 195.4bNOK 211.4bNOK 13.6b13.6x14.4x0.9x
Thu, 16 May 2024NOK 190.7bNOK 208.4bNOK 12.3b11.9x15.6x0.9x
Sat, 13 Apr 2024NOK 191.0bNOK 204.1bNOK 9.9b9.9x19.3x0.9x
Mon, 11 Mar 2024NOK 207.0bNOK 214.0bNOK 12.8b9.5x16.1x1x
Wed, 07 Feb 2024NOK 193.7bNOK 225.1bNOK 11.7b8.6x16.6x0.9x
Fri, 05 Jan 2024NOK 216.6bNOK 235.1bNOK 11.1b8.6x19.4x0.9x
Sun, 03 Dec 2023NOK 211.1bNOK 240.0bNOK 11.3b8.2x18.7x0.9x
Tue, 31 Oct 2023NOK 214.3bNOK 223.5bNOK 5.7b10.7x37.7x1x
Thu, 28 Sep 2023NOK 224.0bNOK 218.0bNOK 5.4b11.1x41.2x1x
Sat, 26 Aug 2023NOK 209.2bNOK 216.2bNOK 4.4b9x47x1x
Mon, 24 Jul 2023NOK 195.1bNOK 189.8b-NOK 988,653,889.0011.7x-197.3x1x
Wed, 21 Jun 2023NOK 170.6bNOK 184.8b-NOK 430,931,214.0010.8x-395.9x0.9x
Fri, 19 May 2023NOK 175.2bNOK 186.1bNOK 38.7b11.2x4.5x0.9x
Sun, 16 Apr 2023NOK 187.8bNOK 174.2b-NOK 2,532,452,025.0015.4x-74.2x1.1x
Tue, 14 Mar 2023NOK 180.2bNOK 176.9bNOK 38.1b13.5x4.7x1x
Thu, 09 Feb 2023NOK 176.2bNOK 164.7bNOK 46.1b7.6x3.8x1.1x
Sat, 07 Jan 2023NOK 140.7bNOK 161.0bNOK 44.3b7.2x3.2x0.9x
Mon, 05 Dec 2022NOK 140.7bNOK 158.2bNOK 42.9b7.3x3.3x0.9x
Wed, 02 Nov 2022NOK 147.6bNOK 169.9bNOK 34.2b10.2x4.3x0.9x
Fri, 30 Sep 2022NOK 114.6bNOK 171.4bNOK 34.4b9x3.3x0.7x
Sun, 28 Aug 2022NOK 127.8bNOK 158.4bNOK 29.8b9.3x4.3x0.8x
Tue, 26 Jul 2022NOK 106.5bNOK 162.8bNOK 30.2b9.3x3.5x0.7x
Thu, 23 Jun 2022NOK 115.8bNOK 157.2bNOK 29.2b9.8x4x0.7x
Sat, 21 May 2022NOK 124.5bNOK 155.1b-NOK 10,567,578,786.009.5x-11.8x0.8x
Mon, 18 Apr 2022NOK 97.1bNOK 128.7b-NOK 4,593,281,471.009.8x-21.1x0.8x
Wed, 16 Mar 2022NOK 86.0bNOK 132.7b-NOK 4,824,027,510.009.2x-17.8x0.6x
Fri, 11 Feb 2022NOK 79.2bNOK 131.0bNOK 5.3b7.6x14.9x0.6x
Sun, 09 Jan 2022NOK 76.1bNOK 130.7bNOK 4.5b5.2x17.1x0.6x
Tue, 07 Dec 2021NOK 70.9bNOK 133.3bNOK 4.3b4.9x16.5x0.5x
Thu, 04 Nov 2021NOK 77.0bNOK 122.8bNOK 2.8b5.2x27.3x0.6x
Sat, 02 Oct 2021NOK 75.3bNOK 119.4bNOK 2.4b4.6x31x0.6x
Price to Earnings Ratio

31x


Total Market Cap: NOK 75.3bTotal Earnings: NOK 2.4bTotal Revenue: NOK 119.4bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Services Industry Price to Earnings3Y Average 539.5x202220232024
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 11.8x which is lower than its 3-year average PE of 540x.
  • The 3-year average PS ratio of 20.0x is higher than the industry's current PS ratio of 0.91x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have grown 90% per year over the last three years.
  • Revenues for these companies have grown 20% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Norwegian Energy industry?

NO Market0.63%
Energy0.40%
Energy Services0.0025%
Oil and Gas Services0.059%
Oil and Gas Drilling-0.15%
Industry PE
  • Investors are most optimistic about the Oil and Gas Services industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 33.4%, which is lower than the prior year's growth of 46.9% per year.
  • Investors are most pessimistic about the Oil and Gas Drilling industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 44% over the next 5 years.
  • However this is lower than its past earnings growth rate of 205% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 33% 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 187.901.8%
+NOK 1.0b		29.1%PE52x
ODL Odfjell DrillingNOK 54.503.2%
+NOK 407.7m		56.8%PE5.3x
AKSO Aker SolutionsNOK 42.301.8%
+NOK 353.8m		-4.6%PE13.6x
BWO BW OffshoreNOK 28.002.2%
+NOK 108.5m		13.5%PE3.6x
NOL Northern OceanNOK 6.513.0%
+NOK 57.6m		-56.3%PS0.6x
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Latest News

TGS

NOK 101.90

TGS

7D

-5.1%

1Y

-28.9%

Broker Revenue Forecasts For TGS ASA (OB:TGS) Are Surging Higher

Sep 25
Broker Revenue Forecasts For TGS ASA (OB:TGS) Are Surging Higher

SHLF

NOK 17.80

Shelf Drilling

7D

-2.6%

1Y

-48.9%

EIOF

NOK 15.30

Eidesvik Offshore

7D

2.1%

1Y

18.6%

PLSV

NOK 51.20

Paratus Energy Services

7D

-4.6%

1Y

n/a

NOL

NOK 6.51

Northern Ocean

7D

3.0%

1Y

-56.3%

DDRIL

NOK 2.99

Dolphin Drilling

7D

-5.4%

1Y

-70.3%

PSE

NOK 6.00

Petrolia

7D

13.2%

1Y

25.3%

We Think Petrolia's (OB:PSE) Solid Earnings Are Understated

Sep 07
We Think Petrolia's (OB:PSE) Solid Earnings Are Understated

SOFF

NOK 33.84

Solstad Offshore

7D

-2.0%

1Y

31.7%

We Think Solstad Offshore (OB:SOFF) Is Taking Some Risk With Its Debt

Sep 06
We Think Solstad Offshore (OB:SOFF) Is Taking Some Risk With Its Debt

REACH

NOK 7.60

Reach Subsea

7D

-2.3%

1Y

65.2%

Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit

Sep 04
Reach Subsea's (OB:REACH) Shareholders May Want To Dig Deeper Than Statutory Profit

BWO

NOK 28.00

BW Offshore

7D

2.2%

1Y

13.5%

DOFG

NOK 90.55

DOF Group

7D

-1.0%

1Y

84.9%

Shareholders In DOF Group (OB:DOFG) Should Look Beyond Earnings For The Full Story

Aug 30
Shareholders In DOF Group (OB:DOFG) Should Look Beyond Earnings For The Full Story

SEA1

NOK 28.65

Sea1 Offshore

7D

-1.4%

1Y

2.9%

ODL

NOK 54.50

Odfjell Drilling

7D

3.2%

1Y

56.8%

SUBC

NOK 187.90

Subsea 7

7D

1.8%

1Y

29.1%

AKSO

NOK 42.30

Aker Solutions

7D

1.8%

1Y

-4.6%

VTURA

NOK 27.50

Ventura Offshore Holding

7D

0.9%

1Y

n/a