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Norwegian (OSEAX) Energy Services Industry Analysis

UpdatedJun 28, 2024
DataAggregated Company Financials
Companies35
  • 7D2.8%
  • 3M9.2%
  • 1Y31.6%
  • YTD13.7%

Over the last 7 days, the Energy Services industry has risen 1.2%, driven by gains from Subsea 7 of 2.1%. This means that the industry has gained 33% over the past year. Looking forward, 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
Fri, 28 Jun 2024NOK 204.4bNOK 211.5bNOK 13.6b13.8x15x1x
Sun, 26 May 2024NOK 197.6bNOK 209.4bNOK 12.4b15.4x16x0.9x
Tue, 23 Apr 2024NOK 184.2bNOK 205.6bNOK 9.9b9.2x18.6x0.9x
Thu, 21 Mar 2024NOK 217.9bNOK 215.5bNOK 12.9b9.1x16.9x1x
Sat, 17 Feb 2024NOK 195.7bNOK 207.2bNOK 9.6b12.1x20.4x0.9x
Mon, 15 Jan 2024NOK 205.2bNOK 235.0bNOK 11.1b8.4x18.4x0.9x
Wed, 13 Dec 2023NOK 198.8bNOK 244.3bNOK 11.5b7.9x17.3x0.8x
Fri, 10 Nov 2023NOK 210.8bNOK 231.4bNOK 7.9b9.4x26.6x0.9x
Sun, 08 Oct 2023NOK 208.2bNOK 222.4bNOK 5.5b11.8x38.1x0.9x
Tue, 05 Sep 2023NOK 216.5bNOK 215.8bNOK 5.1b9.8x42.1x1x
Thu, 03 Aug 2023NOK 199.3bNOK 195.1b-NOK 1,282,301,489.0011.6x-155.4x1x
Sat, 01 Jul 2023NOK 187.1bNOK 195.0b-NOK 375,910,793.009.9x-497.6x1x
Mon, 29 May 2023NOK 180.0bNOK 188.7b-NOK 612,961,914.0011.4x-293.7x1x
Wed, 26 Apr 2023NOK 179.8bNOK 177.9bNOK 38.3b15.2x4.7x1x
Fri, 24 Mar 2023NOK 176.7bNOK 175.9bNOK 37.7b13.6x4.7x1x
Sun, 19 Feb 2023NOK 177.8bNOK 170.2bNOK 47.8b8.4x3.7x1x
Tue, 17 Jan 2023NOK 150.4bNOK 159.6bNOK 43.7b7.8x3.4x0.9x
Thu, 15 Dec 2022NOK 130.7bNOK 157.7bNOK 43.1b6.7x3x0.8x
Sat, 12 Nov 2022NOK 142.4bNOK 167.2bNOK 43.3b9.5x3.3x0.9x
Mon, 10 Oct 2022NOK 132.3bNOK 170.5bNOK 34.1b9.6x3.9x0.8x
Wed, 07 Sep 2022NOK 126.0bNOK 162.6bNOK 32.1b9.7x3.9x0.8x
Fri, 05 Aug 2022NOK 115.7bNOK 162.0bNOK 30.3b9.2x3.8x0.7x
Sun, 03 Jul 2022NOK 107.4bNOK 158.1bNOK 29.4b10.8x3.6x0.7x
Tue, 31 May 2022NOK 129.7bNOK 150.8bNOK 27.0b10.5x4.8x0.9x
Thu, 28 Apr 2022NOK 92.5bNOK 137.4b-NOK 4,687,578,850.009.1x-19.7x0.7x
Sat, 26 Mar 2022NOK 96.8bNOK 128.6b-NOK 4,659,814,590.0010.4x-20.8x0.8x
Mon, 21 Feb 2022NOK 78.6bNOK 129.7bNOK 4.9b7.2x16x0.6x
Wed, 19 Jan 2022NOK 83.3bNOK 130.1bNOK 4.5b5.1x18.5x0.6x
Fri, 17 Dec 2021NOK 70.2bNOK 132.0bNOK 4.4b5.1x16x0.5x
Sun, 14 Nov 2021NOK 79.2bNOK 124.7bNOK 3.1b6.8x25.8x0.6x
Tue, 12 Oct 2021NOK 77.1bNOK 118.5bNOK 2.5b4.5x30.8x0.7x
Thu, 09 Sep 2021NOK 65.8bNOK 119.4bNOK 2.4b3.9x27.7x0.6x
Sat, 07 Aug 2021NOK 70.3bNOK 120.8bNOK 2.1b4.1x33.1x0.6x
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 541.5x202220232024
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 14.7x which is lower than its 3-year average PE of 542x.
  • The 3-year average PS ratio of 20.0x is higher than the industry's current PS ratio of 0.94x.
Past Earnings Growth
  • The earnings for companies in the Energy Services industry have grown 86% 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 Market0.75%
Energy2.93%
Energy Services2.83%
Oil and Gas Drilling2.98%
Oil and Gas Services2.78%
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 95.258.0%
+NOK 1.2b		172.9%PE4.1x
SUBC Subsea 7NOK 198.601.6%
+NOK 924.9m		66.8%PE89.2x
ODL Odfjell DrillingNOK 57.404.2%
+NOK 551.6m		127.8%PE5.5x
TGS TGSNOK 125.403.3%
+NOK 523.4m		-19.3%PE111.2x
BORR Borr DrillingNOK 68.452.9%
+NOK 493.3m		-10.2%PE37x
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Latest News

NOL

NOK 7.46

Northern Ocean

7D

-0.5%

1Y

-36.5%

DOFG

NOK 95.25

DOF Group

7D

8.0%

1Y

172.9%

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

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

SUBC

NOK 198.60

Subsea 7

7D

1.6%

1Y

66.8%

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

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

PGS

NOK 8.77

PGS

7D

4.0%

1Y

52.7%

NORAM

NOK 39.20

NorAm Drilling

7D

-0.8%

1Y

-21.6%

SOFF

NOK 41.76

Solstad Offshore

7D

9.3%

1Y

89.8%

MGN

NOK 27.80

Magnora

7D

-0.7%

1Y

-1.1%

SHLF

NOK 22.36

Shelf Drilling

7D

6.4%

1Y

18.4%

There's No Escaping Shelf Drilling, Ltd.'s (OB:SHLF) Muted Revenues Despite A 32% Share Price Rise

May 30
There's No Escaping Shelf Drilling, Ltd.'s (OB:SHLF) Muted Revenues Despite A 32% Share Price Rise

TGS

NOK 125.40

TGS

7D

3.3%

1Y

-19.3%

Is TGS ASA (OB:TGS) Trading At A 28% Discount?

May 26
Is TGS ASA (OB:TGS) Trading At A 28% Discount?

BORR

NOK 68.45

Borr Drilling

7D

2.9%

1Y

-10.2%

DVD

NOK 24.60

Deep Value Driller

7D

-0.6%

1Y

30.2%

An Intrinsic Calculation For Deep Value Driller AS (OB:DVD) Suggests It's 47% Undervalued

May 22
An Intrinsic Calculation For Deep Value Driller AS (OB:DVD) Suggests It's 47% Undervalued

ODL

NOK 57.40

Odfjell Drilling

7D

4.2%

1Y

127.8%

AKAST

NOK 15.90

Akastor

7D

-1.9%

1Y

47.8%

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 0.83

Aquila Holdings

7D

-6.1%

1Y

-20.6%

NODL

NOK 0.23

Northern Drilling

7D

-18.5%

1Y

-99.2%

SDNS

NOK 26.80

Shelf Drilling (North Sea)

7D

-0.4%

1Y

-0.4%

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