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Norwegian (OSEAX) Energy Services Industry Analysis

UpdatedAug 17, 2024
DataAggregated Company Financials
Companies34
  • 7D0.9%
  • 3M3.6%
  • 1Y15.9%
  • YTD12.4%

In the last week, the Energy Services industry is up 2.3%, with Subsea 7 up 3.6%. This means that the industry has gained 13% over the past year. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 17 Aug 2024NOK 207.7bNOK 211.2bNOK 15.0b13.3x13.9x1x
Mon, 15 Jul 2024NOK 218.2bNOK 209.4bNOK 14.3b12.4x15.3x1x
Wed, 12 Jun 2024NOK 198.6bNOK 211.6bNOK 13.6b13.8x14.6x0.9x
Fri, 10 May 2024NOK 192.9bNOK 211.6bNOK 12.4b12.2x15.5x0.9x
Sun, 07 Apr 2024NOK 183.0bNOK 201.9bNOK 9.8b8.7x18.6x0.9x
Tue, 05 Mar 2024NOK 202.3bNOK 216.6bNOK 13.2b8x15.3x0.9x
Thu, 01 Feb 2024NOK 198.9bNOK 238.0bNOK 11.2b7.9x17.7x0.8x
Sat, 30 Dec 2023NOK 213.9bNOK 232.7bNOK 11.1b8.8x19.3x0.9x
Mon, 27 Nov 2023NOK 213.6bNOK 230.6bNOK 10.0b8.1x21.4x0.9x
Wed, 25 Oct 2023NOK 209.7bNOK 224.9bNOK 5.5b11.1x38.3x0.9x
Fri, 22 Sep 2023NOK 222.5bNOK 217.4bNOK 5.1b10.4x43.4x1x
Sun, 20 Aug 2023NOK 212.1bNOK 213.3bNOK 1.9b11.3x110.9x1x
Tue, 18 Jul 2023NOK 186.6bNOK 190.4b-NOK 379,629,111.0010.9x-491.5x1x
Thu, 15 Jun 2023NOK 171.0bNOK 182.7b-NOK 392,020,203.0011.3x-436.2x0.9x
Sat, 13 May 2023NOK 177.3bNOK 182.7bNOK 38.2b9.8x4.6x1x
Mon, 10 Apr 2023NOK 192.9bNOK 175.6b-NOK 1,325,670,836.0016.7x-145.5x1.1x
Wed, 08 Mar 2023NOK 193.9bNOK 178.2bNOK 38.5b10.5x5x1.1x
Fri, 03 Feb 2023NOK 161.7bNOK 161.0bNOK 44.8b7.7x3.6x1x
Sun, 01 Jan 2023NOK 142.4bNOK 158.2bNOK 43.3b7x3.3x0.9x
Tue, 29 Nov 2022NOK 136.0bNOK 168.3bNOK 43.3b6.8x3.1x0.8x
Thu, 27 Oct 2022NOK 138.8bNOK 169.1bNOK 33.6b9.5x4.1x0.8x
Sat, 24 Sep 2022NOK 114.4bNOK 169.7bNOK 33.9b9.3x3.4x0.7x
Mon, 22 Aug 2022NOK 118.9bNOK 158.3bNOK 30.2b9.1x3.9x0.8x
Wed, 20 Jul 2022NOK 101.5bNOK 163.9bNOK 30.2b9.6x3.4x0.6x
Fri, 17 Jun 2022NOK 117.2bNOK 158.2bNOK 29.7b9x3.9x0.7x
Sun, 15 May 2022NOK 121.0bNOK 155.0b-NOK 10,362,514,959.008.9x-11.7x0.8x
Tue, 12 Apr 2022NOK 94.5bNOK 128.6b-NOK 4,984,440,441.009.7x-19x0.7x
Thu, 10 Mar 2022NOK 90.1bNOK 131.7b-NOK 4,772,673,683.009.6x-18.9x0.7x
Sat, 05 Feb 2022NOK 76.8bNOK 130.3bNOK 4.5b5.5x16.9x0.6x
Mon, 03 Jan 2022NOK 72.7bNOK 130.2bNOK 4.5b5.2x16.2x0.6x
Wed, 01 Dec 2021NOK 71.3bNOK 133.3bNOK 4.3b5.1x16.6x0.5x
Fri, 29 Oct 2021NOK 79.9bNOK 117.3bNOK 2.3b4.8x34.1x0.7x
Sun, 26 Sep 2021NOK 68.9bNOK 119.0bNOK 2.5b4.2x28x0.6x
Tue, 24 Aug 2021NOK 69.5bNOK 120.8bNOK 2.1b3.7x32.7x0.6x
Price to Earnings Ratio

32.7x


Total Market Cap: NOK 69.5bTotal Earnings: NOK 2.1bTotal Revenue: NOK 120.8bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Services Industry Price to Earnings3Y Average 540.1x202220232024
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 13.8x 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 0.98x.
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 Market1.31%
Energy0.06%
Energy Services0.95%
Oil and Gas Services1.30%
Oil and Gas Drilling0.0066%
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 43.8%, 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 44% 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?

CompanyLast Price7D1YValuation
SUBC Subsea 7NOK 197.303.6%
+NOK 2.1b		46.9%PE53.2x
TGS TGSNOK 125.202.2%
+NOK 529.5m		-13.2%PE86.9x
BORR Borr DrillingNOK 67.402.3%
+NOK 220.1m		-14.2%PE21.1x
BWO BW OffshoreNOK 28.452.7%
+NOK 135.6m		-0.9%PE4.1x
SEA1 Sea1 OffshoreNOK 29.602.4%
+NOK 107.5m		38.3%PE2.7x
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Latest News

ARCH

NOK 25.39

Archer

7D

5.8%

1Y

8.3%

SHLF

NOK 18.93

Shelf Drilling

7D

-1.3%

1Y

-30.3%

BORR

NOK 67.40

Borr Drilling

7D

2.3%

1Y

-14.2%

BBERG

NOK 36.00

Beerenberg

7D

5.9%

1Y

n/a

DOFG

NOK 98.85

DOF Group

7D

-2.6%

1Y

131.9%

NORAM

NOK 38.55

NorAm Drilling

7D

-1.8%

1Y

-17.9%

SDNS

NOK 25.00

Shelf Drilling (North Sea)

7D

3.7%

1Y

-7.1%

This Shelf Drilling (North Sea), Ltd. (OB:SDNS) Analyst Is Way More Bearish Than They Used To Be

Aug 11
This Shelf Drilling (North Sea), Ltd. (OB:SDNS) Analyst Is Way More Bearish Than They Used To Be

SEA1

NOK 29.60

Sea1 Offshore

7D

2.4%

1Y

38.3%

If EPS Growth Is Important To You, Sea1 Offshore (OB:SEA1) Presents An Opportunity

Aug 06
If EPS Growth Is Important To You, Sea1 Offshore (OB:SEA1) Presents An Opportunity

TGS

NOK 125.20

TGS

7D

2.2%

1Y

-13.2%

SUBC

NOK 197.30

Subsea 7

7D

3.6%

1Y

46.9%

AKSO

NOK 48.12

Aker Solutions

7D

-1.4%

1Y

0.6%

SOFF

NOK 39.52

Solstad Offshore

7D

-2.8%

1Y

81.8%

VTURA

NOK 27.90

Ventura Offshore Holding

7D

-1.6%

1Y

n/a

DDRIL

NOK 4.28

Dolphin Drilling

7D

-8.7%

1Y

-52.5%

BWO

NOK 28.45

BW Offshore

7D

2.7%

1Y

-0.9%

ODL

NOK 53.20

Odfjell Drilling

7D

-2.0%

1Y

54.2%