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Norwegian (OSEAX) Energy Services Industry Analysis

UpdatedJun 30, 2024
DataAggregated Company Financials
Companies35
  • 7D4.3%
  • 3M10.5%
  • 1Y27.1%
  • YTD14.9%

Over the last 7 days, the Energy Services industry has risen 4.3%, driven by gains from DOF Group of 11%. Meanwhile, Hermana Holding actually underperformed within the industry, shrinking 14% in the last week. In the last 12 months, the industry was up 27%. Earnings are forecast to grow by 30% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 30 Jun 2024NOK 214.7bNOK 211.6bNOK 13.4b13.8x16x1x
Tue, 28 May 2024NOK 200.5bNOK 208.1bNOK 12.1b15.6x16.6x1x
Thu, 25 Apr 2024NOK 183.8bNOK 205.6bNOK 9.9b9x18.6x0.9x
Sat, 23 Mar 2024NOK 218.3bNOK 218.2bNOK 13.1b9.3x16.7x1x
Mon, 19 Feb 2024NOK 195.7bNOK 208.2bNOK 9.5b12.1x20.5x0.9x
Wed, 17 Jan 2024NOK 205.9bNOK 237.4bNOK 11.2b8x18.3x0.9x
Fri, 15 Dec 2023NOK 206.4bNOK 237.4bNOK 11.2b8.4x18.4x0.9x
Sun, 12 Nov 2023NOK 210.3bNOK 232.3bNOK 8.6b8.7x24.4x0.9x
Tue, 10 Oct 2023NOK 215.1bNOK 220.8bNOK 5.5b11.6x39.4x1x
Thu, 07 Sep 2023NOK 216.3bNOK 217.0bNOK 5.1b9.8x42.1x1x
Sat, 05 Aug 2023NOK 202.9bNOK 192.9b-NOK 1,235,168,208.0012.2x-164.3x1.1x
Mon, 03 Jul 2023NOK 187.1bNOK 195.0b-NOK 375,910,793.009.9x-497.6x1x
Wed, 31 May 2023NOK 177.9bNOK 190.1b-NOK 635,142,872.0011.4x-280.1x0.9x
Fri, 28 Apr 2023NOK 177.0bNOK 177.4bNOK 38.1b15.2x4.6x1x
Sun, 26 Mar 2023NOK 167.9bNOK 176.7bNOK 38.0b13.2x4.4x0.9x
Tue, 21 Feb 2023NOK 178.2bNOK 166.8bNOK 47.5b8.8x3.8x1.1x
Thu, 19 Jan 2023NOK 156.5bNOK 159.2bNOK 43.6b8.2x3.6x1x
Sat, 17 Dec 2022NOK 131.5bNOK 159.5bNOK 43.8b6.6x3x0.8x
Mon, 14 Nov 2022NOK 142.4bNOK 167.2bNOK 43.3b9.5x3.3x0.9x
Wed, 12 Oct 2022NOK 125.9bNOK 171.1bNOK 34.3b9.5x3.7x0.7x
Fri, 09 Sep 2022NOK 123.6bNOK 163.4bNOK 32.3b10x3.8x0.8x
Sun, 07 Aug 2022NOK 115.9bNOK 163.2bNOK 30.7b9.3x3.8x0.7x
Tue, 05 Jul 2022NOK 111.6bNOK 156.8bNOK 29.1b10.8x3.8x0.7x
Thu, 02 Jun 2022NOK 132.9bNOK 151.9bNOK 27.3b11.4x4.9x0.9x
Sat, 30 Apr 2022NOK 93.4bNOK 146.2b-NOK 10,227,198,832.009.4x-9.1x0.6x
Mon, 28 Mar 2022NOK 96.8bNOK 128.6b-NOK 4,659,814,590.0010.4x-20.8x0.8x
Wed, 23 Feb 2022NOK 77.8bNOK 128.6bNOK 5.0b7.5x15.6x0.6x
Fri, 21 Jan 2022NOK 81.6bNOK 129.6bNOK 4.5b5.2x18.1x0.6x
Sun, 19 Dec 2021NOK 70.2bNOK 132.1bNOK 4.4b5.1x16.1x0.5x
Tue, 16 Nov 2021NOK 79.2bNOK 124.5bNOK 3.0b5.6x26.4x0.6x
Thu, 14 Oct 2021NOK 76.6bNOK 118.2bNOK 2.5b5x30.3x0.6x
Sat, 11 Sep 2021NOK 65.5bNOK 119.4bNOK 2.4b3.9x27.5x0.5x
Mon, 09 Aug 2021NOK 68.8bNOK 120.8bNOK 2.1b4x32.4x0.6x
Price to Earnings Ratio

36.6x


Total Market Cap: NOK 77.7bTotal Earnings: NOK 2.1bTotal Revenue: NOK 120.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Services Industry Price to Earnings3Y Average 555.2x202220232024
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 16.0x which is lower than its 3-year average PE of 555x.
  • The 3-year average PS ratio of 20.5x is higher than the industry's current PS ratio of 1.0x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have grown 85% per year over the last three years.
  • Revenues for these companies have grown 21% 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 Market1.45%
Energy3.92%
Energy Services4.26%
Oil and Gas Drilling4.27%
Oil and Gas Services4.25%
Industry PE
  • Investors are most optimistic about the Oil and Gas Drilling industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings growth of 40.1%, which is lower than the prior year's growth of 187.3% 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.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Drilling industry, expecting annual earnings growth of 40% over the next 5 years.
  • However this is lower than its past earnings growth rate of 187% per year.
  • In contrast, the Oil and Gas Services industry is expected to see its earnings grow by 27% 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
DOFG DOF GroupNOK 96.7510.9%
+NOK 1.7b		174.9%PE4.1x
SUBC Subsea 7NOK 200.802.3%
+NOK 1.3b		50.2%PE90.1x
TGS TGSNOK 128.206.8%
+NOK 1.1b		-19.7%PE113.6x
ODL Odfjell DrillingNOK 58.107.0%
+NOK 911.3m		124.8%PE5.6x
PGS PGSNOK 8.946.6%
+NOK 526.6m		50.1%PE18.9x
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Latest News

SOFF

NOK 42.24

Solstad Offshore

7D

12.8%

1Y

84.6%

We Think Solstad Offshore (OB:SOFF) Might Have The DNA Of A Multi-Bagger

Jun 29
We Think Solstad Offshore (OB:SOFF) Might Have The DNA Of A Multi-Bagger

TGS

NOK 128.20

TGS

7D

6.8%

1Y

-19.7%

NOL

NOK 7.38

Northern Ocean

7D

-1.3%

1Y

-38.4%

DOFG

NOK 96.75

DOF Group

7D

10.9%

1Y

174.9%

DOF Group (OB:DOFG) Seems To Use Debt Quite Sensibly

Jun 27
DOF Group (OB:DOFG) Seems To Use Debt Quite Sensibly

SUBC

NOK 200.80

Subsea 7

7D

2.3%

1Y

50.2%

The Returns At Subsea 7 (OB:SUBC) Aren't Growing

Jun 24
The Returns At Subsea 7 (OB:SUBC) Aren't Growing

HERMA

NOK 2.44

Hermana Holding

7D

-14.1%

1Y

n/a

PGS

NOK 8.94

PGS

7D

6.6%

1Y

50.1%

AKSO

NOK 44.20

Aker Solutions

7D

2.1%

1Y

13.6%

Investors Appear Satisfied With Aker Solutions ASA's (OB:AKSO) Prospects

May 28
Investors Appear Satisfied With Aker Solutions ASA's (OB:AKSO) Prospects

BORR

NOK 68.70

Borr Drilling

7D

2.8%

1Y

-12.7%

BBERG

NOK 26.30

Beerenberg

7D

-1.5%

1Y

n/a

ODL

NOK 58.10

Odfjell Drilling

7D

7.0%

1Y

124.8%

AKAST

NOK 15.90

Akastor

7D

-0.6%

1Y

43.8%

Akastor ASA's (OB:AKAST) Shares Climb 26% But Its Business Is Yet to Catch Up

May 01
Akastor ASA's (OB:AKAST) Shares Climb 26% But Its Business Is Yet to Catch Up

AQUIL

NOK 0.81

Aquila Holdings

7D

-8.2%

1Y

-22.9%

NODL

NOK 0.23

Northern Drilling

7D

-18.5%

1Y

-99.2%

SDNS

NOK 26.80

Shelf Drilling (North Sea)

7D

-0.4%

1Y

-3.6%

Here's What's Concerning About Shelf Drilling (North Sea)'s (OB:SDNS) Returns On Capital

Apr 03
Here's What's Concerning About Shelf Drilling (North Sea)'s (OB:SDNS) Returns On Capital

AWDR

NOK 20.10

Awilco Drilling

7D

-4.3%

1Y

120.9%