Subsea 7 S.A. (OB:SUBC) Just Released Its Second-Quarter Earnings: Here's What Analysts Think
Jul 28
Norwegian (OSEAX) Energy Services Industry Analysis
UpdatedJul 29, 2024
DataAggregated Company Financials
Companies34
- 7D-0.6%
- 3M14.1%
- 1Y26.1%
- YTD20.7%
Over the last 7 days, the Energy Services industry has remained flat, although notably Aker Solutions declined by 3.8%. The past year has been better, since the industry has gained 28% in that time. Looking forward, earnings are forecast to grow by 37% annually.
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, 29 Jul 2024 | NOK 224.7b | NOK 214.9b | NOK 15.0b | 11.2x | 15x | 1x |
| Wed, 26 Jun 2024 | NOK 198.5b | NOK 210.7b | NOK 13.5b | 13.6x | 14.7x | 0.9x |
| Fri, 24 May 2024 | NOK 196.1b | NOK 210.2b | NOK 12.0b | 14.8x | 16.3x | 0.9x |
| Sun, 21 Apr 2024 | NOK 184.2b | NOK 205.6b | NOK 9.9b | 9.2x | 18.6x | 0.9x |
| Tue, 19 Mar 2024 | NOK 216.9b | NOK 216.8b | NOK 13.0b | 8.9x | 16.7x | 1x |
| Thu, 15 Feb 2024 | NOK 195.4b | NOK 208.8b | NOK 9.6b | 9.3x | 20.4x | 0.9x |
| Sat, 13 Jan 2024 | NOK 205.2b | NOK 235.0b | NOK 11.1b | 8.4x | 18.4x | 0.9x |
| Mon, 11 Dec 2023 | NOK 199.6b | NOK 243.2b | NOK 11.4b | 7.9x | 17.5x | 0.8x |
| Wed, 08 Nov 2023 | NOK 209.0b | NOK 232.0b | NOK 7.8b | 8x | 26.7x | 0.9x |
| Fri, 06 Oct 2023 | NOK 210.2b | NOK 223.1b | NOK 5.5b | 11.7x | 38.4x | 0.9x |
| Sun, 03 Sep 2023 | NOK 216.9b | NOK 216.2b | NOK 5.1b | 9.9x | 42.1x | 1x |
| Tue, 01 Aug 2023 | NOK 198.3b | NOK 193.0b | -NOK 1,230,827,084.00 | 11.9x | -161.1x | 1x |
| Thu, 29 Jun 2023 | NOK 171.6b | NOK 195.6b | -NOK 384,866,701.00 | 9.8x | -445.9x | 0.9x |
| Sat, 27 May 2023 | NOK 180.0b | NOK 189.0b | -NOK 1,564,923,798.00 | 11.4x | -115x | 1x |
| Mon, 24 Apr 2023 | NOK 179.9b | NOK 176.6b | NOK 37.9b | 15.2x | 4.7x | 1x |
| Wed, 22 Mar 2023 | NOK 179.5b | NOK 177.7b | NOK 38.2b | 13.6x | 4.7x | 1x |
| Fri, 17 Feb 2023 | NOK 182.6b | NOK 169.3b | NOK 47.5b | 8.5x | 3.8x | 1.1x |
| Sun, 15 Jan 2023 | NOK 149.0b | NOK 159.0b | NOK 43.5b | 7.8x | 3.4x | 0.9x |
| Tue, 13 Dec 2022 | NOK 131.3b | NOK 160.4b | NOK 44.1b | 6.5x | 3x | 0.8x |
| Thu, 10 Nov 2022 | NOK 142.6b | NOK 169.2b | NOK 44.0b | 7.9x | 3.2x | 0.8x |
| Sat, 08 Oct 2022 | NOK 132.3b | NOK 170.5b | NOK 34.1b | 9.6x | 3.9x | 0.8x |
| Mon, 05 Sep 2022 | NOK 128.8b | NOK 162.0b | NOK 31.9b | 10.4x | 4x | 0.8x |
| Wed, 03 Aug 2022 | NOK 115.3b | NOK 161.8b | NOK 30.3b | 9.4x | 3.8x | 0.7x |
| Fri, 01 Jul 2022 | NOK 111.2b | NOK 157.1b | NOK 29.2b | 10.9x | 3.8x | 0.7x |
| Sun, 29 May 2022 | NOK 130.1b | NOK 152.0b | NOK 27.8b | 10.2x | 4.7x | 0.9x |
| Tue, 26 Apr 2022 | NOK 90.2b | NOK 135.1b | -NOK 4,610,302,516.00 | 9x | -19.6x | 0.7x |
| Thu, 24 Mar 2022 | NOK 96.8b | NOK 129.4b | -NOK 4,694,208,452.00 | 11.1x | -20.6x | 0.7x |
| Sat, 19 Feb 2022 | NOK 78.4b | NOK 129.7b | NOK 4.9b | 6.5x | 15.9x | 0.6x |
| Mon, 17 Jan 2022 | NOK 669.6t | NOK 129.6b | NOK 4.5b | 5.2x | 147986.3x | 5167.7x |
| Wed, 15 Dec 2021 | NOK 68.9b | NOK 133.2b | NOK 4.3b | 5.1x | 16x | 0.5x |
| Fri, 12 Nov 2021 | NOK 80.2b | NOK 124.5b | NOK 3.1b | 6.9x | 26x | 0.6x |
| Sun, 10 Oct 2021 | NOK 76.2b | NOK 118.4b | NOK 2.5b | 4.6x | 30.4x | 0.6x |
| Tue, 07 Sep 2021 | NOK 67.8b | NOK 119.4b | NOK 2.4b | 3.9x | 28.5x | 0.6x |
| Thu, 05 Aug 2021 | NOK 70.1b | NOK 120.8b | NOK 2.1b | 4.1x | 33x | 0.6x |
Price to Earnings Ratio
33x
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 15.0x which is lower than its 3-year average PE of 541x.
- The 3-year average PS ratio of 20.0x 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 92% 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 | -1.15% | |
| Energy | -1.85% | |
| Energy Services | -0.60% | |
| Oil and Gas Drilling | 0.16% | |
| Oil and Gas Services | -0.90% | |
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 41.9%, 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 42% 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 35% 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 107.00 | 2.4% +NOK 441.6m | 158.5% | PE4.4x | |
| BORR Borr Drilling | NOK 74.30 | 1.6% +NOK 303.6m | -14.0% | PE38.9x | |
| SDNS Shelf Drilling (North Sea) | NOK 25.70 | 7.1% +NOK 170.0m | -11.1% | PS2x | |
| REACH Reach Subsea | NOK 9.32 | 4.5% +NOK 108.7m | 129.0% | PE11.2x | |
| JACK Jacktel | NOK 2.80 | 21.7% +NOK 98.1m | n/a | PS1.4x |
