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Aug 06
Norwegian (OSEAX) Energy Services Industry Analysis
UpdatedAug 07, 2024
DataAggregated Company Financials
Companies34
- 7D-9.6%
- 3M0.7%
- 1Y13.8%
- YTD9.0%
Over the last 7 days, the Energy Services industry has dropped 9.6%, driven by a pullback from Subsea 7 of 8.2%. On the other hand S.D. Standard ETC is actually up 5.7%. In the past year, the industry has gained 14%. As for the next few years, earnings are expected to grow by 37% 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 |
|---|---|---|---|---|---|---|
| Wed, 07 Aug 2024 | NOK 202.9b | NOK 213.4b | NOK 14.9b | 10.3x | 13.6x | 1x |
| Fri, 05 Jul 2024 | NOK 215.2b | NOK 201.7b | NOK 12.9b | 14.1x | 16.7x | 1.1x |
| Sun, 02 Jun 2024 | NOK 204.8b | NOK 208.8b | NOK 12.2b | 15.4x | 16.8x | 1x |
| Tue, 30 Apr 2024 | NOK 190.9b | NOK 211.8b | NOK 11.9b | 10.4x | 16x | 0.9x |
| Thu, 28 Mar 2024 | NOK 221.6b | NOK 218.4b | NOK 13.1b | 9.7x | 17x | 1x |
| Sat, 24 Feb 2024 | NOK 194.3b | NOK 208.9b | NOK 10.8b | 15x | 17.9x | 0.9x |
| Mon, 22 Jan 2024 | NOK 205.2b | NOK 237.7b | NOK 11.2b | 8x | 18.3x | 0.9x |
| Wed, 20 Dec 2023 | NOK 209.3b | NOK 234.7b | NOK 11.1b | 8.7x | 18.8x | 0.9x |
| Fri, 17 Nov 2023 | NOK 214.7b | NOK 229.8b | NOK 9.3b | 7.4x | 23.2x | 0.9x |
| Sun, 15 Oct 2023 | NOK 220.1b | NOK 222.6b | NOK 5.5b | 11.7x | 40.2x | 1x |
| Tue, 12 Sep 2023 | NOK 215.2b | NOK 215.9b | NOK 5.1b | 10x | 42x | 1x |
| Thu, 10 Aug 2023 | NOK 203.6b | NOK 194.4b | -NOK 1,266,962,100.00 | 12x | -160.7x | 1x |
| Sat, 08 Jul 2023 | NOK 186.4b | NOK 193.5b | -NOK 354,073,497.00 | 10.3x | -526.3x | 1x |
| Mon, 05 Jun 2023 | NOK 180.6b | NOK 188.4b | -NOK 477,078,769.00 | 11.1x | -378.5x | 1x |
| Wed, 03 May 2023 | NOK 175.4b | NOK 180.0b | NOK 38.6b | 14.7x | 4.5x | 1x |
| Fri, 31 Mar 2023 | NOK 177.2b | NOK 175.8b | NOK 37.8b | 14.3x | 4.7x | 1x |
| Sun, 26 Feb 2023 | NOK 174.6b | NOK 169.0b | NOK 48.4b | 10.9x | 3.6x | 1x |
| Tue, 24 Jan 2023 | NOK 159.9b | NOK 158.6b | NOK 43.4b | 8.6x | 3.7x | 1x |
| Thu, 22 Dec 2022 | NOK 137.0b | NOK 158.9b | NOK 43.6b | 6.9x | 3.1x | 0.9x |
| Sat, 19 Nov 2022 | NOK 137.6b | NOK 170.1b | NOK 43.9b | 6.2x | 3.1x | 0.8x |
| Mon, 17 Oct 2022 | NOK 128.6b | NOK 170.6b | NOK 34.1b | 9.5x | 3.8x | 0.8x |
| Wed, 14 Sep 2022 | NOK 129.9b | NOK 160.5b | NOK 31.5b | 9.9x | 4.1x | 0.8x |
| Fri, 12 Aug 2022 | NOK 121.3b | NOK 159.6b | NOK 28.4b | 9.3x | 4.3x | 0.8x |
| Sun, 10 Jul 2022 | NOK 112.5b | NOK 159.4b | NOK 29.8b | 10.6x | 3.8x | 0.7x |
| Tue, 07 Jun 2022 | NOK 138.6b | NOK 151.6b | NOK 27.9b | 11.2x | 5x | 0.9x |
| Thu, 05 May 2022 | NOK 133.6b | NOK 149.9b | -NOK 10,407,898,230.00 | 9.4x | -12.8x | 0.9x |
| Sat, 02 Apr 2022 | NOK 91.4b | NOK 128.4b | -NOK 4,768,050,686.00 | 10x | -19.2x | 0.7x |
| Mon, 28 Feb 2022 | NOK 77.6b | NOK 128.1b | -NOK 7,409,902,965.00 | 7.5x | -10.5x | 0.6x |
| Wed, 26 Jan 2022 | NOK 76.3b | NOK 131.7b | NOK 4.4b | 4.8x | 17.4x | 0.6x |
| Fri, 24 Dec 2021 | NOK 71.2b | NOK 130.6b | NOK 4.5b | 5.1x | 15.9x | 0.5x |
| Sun, 21 Nov 2021 | NOK 74.0b | NOK 130.7b | NOK 3.5b | 5.4x | 21x | 0.6x |
| Tue, 19 Oct 2021 | NOK 76.6b | NOK 117.3b | NOK 2.6b | 5x | 29.5x | 0.7x |
| Thu, 16 Sep 2021 | NOK 67.8b | NOK 119.4b | NOK 2.4b | 3.7x | 28.5x | 0.6x |
| Sat, 14 Aug 2021 | NOK 69.9b | NOK 120.8b | NOK 2.1b | 4x | 32.9x | 0.6x |
Price to Earnings Ratio
32.9x
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 13.6x 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 0.95x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 91% 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 | -4.39% | |
| Energy | -3.65% | |
| Energy Services | -9.57% | |
| Oil and Gas Drilling | -8.62% | |
| Oil and Gas Services | -9.93% | |
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 42.3%, 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 34% 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 | |
|---|---|---|---|---|---|
| SDSD S.D. Standard ETC | NOK 1.75 | 6.3% +NOK 54.5m | -5.9% | PB0.6x | |
| AWDR Awilco Drilling | NOK 21.80 | 13.0% +NOK 36.5m | 257.3% | PE0.3x |
