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Jun 29
Norwegian (OSEAX) Energy Services Industry Analysis
UpdatedJun 30, 2024
DataAggregated Company Financials
Companies35
- 7D4.3%
- 3M10.5%
- 1Y27.1%
- YTD14.9%
The Energy Services industry is up 4.3% in the last week, with DOF Group up 11%. In the same time, Hermana Holding was down 14%. In the last 12 months, the industry was up 27%. As for the next few years, earnings are expected to grow by 30% per annum.
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 |
|---|---|---|---|---|---|---|
| Mon, 01 Jul 2024 | NOK 214.7b | NOK 211.6b | NOK 13.4b | 13.8x | 16x | 1x |
| Wed, 29 May 2024 | NOK 201.4b | NOK 208.2b | NOK 12.1b | 15.5x | 16.7x | 1x |
| Fri, 26 Apr 2024 | NOK 185.8b | NOK 211.2b | NOK 11.3b | 9.1x | 16.5x | 0.9x |
| Sun, 24 Mar 2024 | NOK 218.3b | NOK 218.0b | NOK 13.1b | 9.3x | 16.7x | 1x |
| Tue, 20 Feb 2024 | NOK 196.8b | NOK 207.1b | NOK 9.6b | 12.2x | 20.4x | 1x |
| Thu, 18 Jan 2024 | NOK 204.7b | NOK 238.0b | NOK 11.2b | 7.9x | 18.2x | 0.9x |
| Sat, 16 Dec 2023 | NOK 206.7b | NOK 237.2b | NOK 11.2b | 8.6x | 18.4x | 0.9x |
| Mon, 13 Nov 2023 | NOK 210.3b | NOK 232.3b | NOK 8.6b | 8.7x | 24.4x | 0.9x |
| Wed, 11 Oct 2023 | NOK 214.1b | NOK 220.9b | NOK 5.5b | 11.9x | 39.2x | 1x |
| Fri, 08 Sep 2023 | NOK 214.8b | NOK 216.7b | NOK 5.1b | 10x | 41.9x | 1x |
| Sun, 06 Aug 2023 | NOK 202.9b | NOK 193.4b | -NOK 1,244,712,133.00 | 12.1x | -163x | 1x |
| Tue, 04 Jul 2023 | NOK 188.9b | NOK 194.4b | -NOK 367,631,820.00 | 10.1x | -513.7x | 1x |
| Thu, 01 Jun 2023 | NOK 174.8b | NOK 189.8b | -NOK 629,543,182.00 | 11.3x | -277.7x | 0.9x |
| Sat, 29 Apr 2023 | NOK 180.7b | NOK 178.0b | NOK 37.9b | 15.5x | 4.8x | 1x |
| Mon, 27 Mar 2023 | NOK 167.9b | NOK 176.7b | NOK 38.0b | 13.2x | 4.4x | 0.9x |
| Wed, 22 Feb 2023 | NOK 176.7b | NOK 167.5b | NOK 47.8b | 8.1x | 3.7x | 1.1x |
| Fri, 20 Jan 2023 | NOK 156.8b | NOK 159.8b | NOK 43.8b | 8.1x | 3.6x | 1x |
| Sun, 18 Dec 2022 | NOK 131.5b | NOK 159.4b | NOK 42.8b | 6.6x | 3.1x | 0.8x |
| Tue, 15 Nov 2022 | NOK 141.8b | NOK 168.2b | NOK 43.7b | 9.2x | 3.2x | 0.8x |
| Thu, 13 Oct 2022 | NOK 123.5b | NOK 171.8b | NOK 34.4b | 9.5x | 3.6x | 0.7x |
| Sat, 10 Sep 2022 | NOK 127.1b | NOK 161.6b | NOK 31.8b | 9.8x | 4x | 0.8x |
| Mon, 08 Aug 2022 | NOK 115.9b | NOK 163.2b | NOK 30.7b | 9.3x | 3.8x | 0.7x |
| Wed, 06 Jul 2022 | NOK 108.7b | NOK 159.7b | NOK 29.9b | 10.4x | 3.6x | 0.7x |
| Fri, 03 Jun 2022 | NOK 132.9b | NOK 151.9b | NOK 27.3b | 11.4x | 4.9x | 0.9x |
| Sun, 01 May 2022 | NOK 111.4b | NOK 146.2b | -NOK 10,227,198,832.00 | 9.4x | -10.9x | 0.8x |
| Tue, 29 Mar 2022 | NOK 89.0b | NOK 128.2b | -NOK 4,764,358,735.00 | 9.6x | -18.7x | 0.7x |
| Thu, 24 Feb 2022 | NOK 77.8b | NOK 128.6b | NOK 5.0b | 7.5x | 15.6x | 0.6x |
| Sat, 22 Jan 2022 | NOK 78.9b | NOK 130.8b | NOK 4.4b | 5.1x | 17.7x | 0.6x |
| Mon, 20 Dec 2021 | NOK 70.2b | NOK 132.1b | NOK 4.4b | 5.1x | 16.1x | 0.5x |
| Wed, 17 Nov 2021 | NOK 79.2b | NOK 124.5b | NOK 3.0b | 5.6x | 26.4x | 0.6x |
| Fri, 15 Oct 2021 | NOK 76.2b | NOK 117.7b | NOK 2.6b | 4.9x | 29.7x | 0.6x |
| Sun, 12 Sep 2021 | NOK 65.5b | NOK 119.4b | NOK 2.4b | 3.9x | 27.5x | 0.5x |
| Tue, 10 Aug 2021 | NOK 69.4b | NOK 120.8b | NOK 2.1b | 4x | 32.7x | 0.6x |
Price to Earnings Ratio
36.6x
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 Market | 1.45% | |
| Energy | 3.92% | |
| Energy Services | 4.26% | |
| Oil and Gas Drilling | 4.27% | |
| Oil and Gas Services | 4.25% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| DOFG DOF Group | NOK 96.75 | 10.9% +NOK 1.7b | 174.9% | PE4.1x | |
| SUBC Subsea 7 | NOK 200.80 | 2.3% +NOK 1.3b | 50.2% | PE90.1x | |
| TGS TGS | NOK 128.20 | 6.8% +NOK 1.1b | -19.7% | PE113.6x | |
| ODL Odfjell Drilling | NOK 58.10 | 7.0% +NOK 911.3m | 124.8% | PE5.6x | |
| PGS PGS | NOK 8.94 | 6.6% +NOK 526.6m | 50.1% | PE18.9x |
