kr12.84: That's What Analysts Think ABL Group ASA (OB:ABL) Is Worth After Its Latest Results
Aug 25
Norwegian (OSEAX) Energy Services Industry Analysis
UpdatedAug 26, 2024
DataAggregated Company Financials
Companies34
- 7D0.3%
- 3M-0.04%
- 1Y19.1%
- YTD12.7%
Last week, the Energy Services industry hasn't moved much but TGS is up 4.7% in that time. As for the the longer term, the industry is up 19% over the past 12 months. 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, 26 Aug 2024 | NOK 208.3b | NOK 208.7b | NOK 16.4b | 14x | 12.7x | 1x |
| Wed, 24 Jul 2024 | NOK 224.7b | NOK 212.5b | NOK 14.5b | 11.5x | 15.5x | 1.1x |
| Fri, 21 Jun 2024 | NOK 197.9b | NOK 209.8b | NOK 13.5b | 13.9x | 14.7x | 0.9x |
| Sun, 19 May 2024 | NOK 192.9b | NOK 209.8b | NOK 12.0b | 13.1x | 16.1x | 0.9x |
| Tue, 16 Apr 2024 | NOK 188.8b | NOK 204.7b | NOK 9.9b | 9.4x | 19.1x | 0.9x |
| Thu, 14 Mar 2024 | NOK 210.4b | NOK 214.7b | NOK 12.9b | 9.1x | 16.4x | 1x |
| Sat, 10 Feb 2024 | NOK 192.3b | NOK 208.4b | NOK 9.6b | 8.7x | 20.1x | 0.9x |
| Mon, 08 Jan 2024 | NOK 215.7b | NOK 235.2b | NOK 11.1b | 8.5x | 19.4x | 0.9x |
| Wed, 06 Dec 2023 | NOK 203.1b | NOK 243.5b | NOK 11.4b | 7.8x | 17.8x | 0.8x |
| Fri, 03 Nov 2023 | NOK 218.8b | NOK 230.9b | NOK 7.9b | 8.4x | 27.7x | 0.9x |
| Sun, 01 Oct 2023 | NOK 221.2b | NOK 217.5b | NOK 5.4b | 10.9x | 40.7x | 1x |
| Tue, 29 Aug 2023 | NOK 211.9b | NOK 216.1b | NOK 4.6b | 8.9x | 46.5x | 1x |
| Thu, 27 Jul 2023 | NOK 196.6b | NOK 190.4b | -NOK 1,001,079,182.00 | 11.8x | -196.4x | 1x |
| Sat, 24 Jun 2023 | NOK 169.3b | NOK 186.5b | -NOK 455,895,288.00 | 10.7x | -371.4x | 0.9x |
| Mon, 22 May 2023 | NOK 181.1b | NOK 185.5b | NOK 38.3b | 9.5x | 4.7x | 1x |
| Wed, 19 Apr 2023 | NOK 183.8b | NOK 175.4b | -NOK 1,309,681,533.00 | 15.6x | -140.3x | 1x |
| Fri, 17 Mar 2023 | NOK 172.2b | NOK 179.2b | NOK 38.8b | 13.2x | 4.4x | 1x |
| Sun, 12 Feb 2023 | NOK 177.7b | NOK 168.0b | NOK 47.0b | 7.8x | 3.8x | 1.1x |
| Tue, 10 Jan 2023 | NOK 144.9b | NOK 159.1b | NOK 43.6b | 7.5x | 3.3x | 0.9x |
| Thu, 08 Dec 2022 | NOK 134.6b | NOK 150.1b | NOK 44.4b | 6.6x | 3x | 0.9x |
| Sat, 05 Nov 2022 | NOK 150.7b | NOK 171.0b | NOK 44.6b | 8.2x | 3.4x | 0.9x |
| Mon, 03 Oct 2022 | NOK 117.3b | NOK 173.0b | NOK 34.8b | 9.3x | 3.4x | 0.7x |
| Wed, 31 Aug 2022 | NOK 126.5b | NOK 159.3b | NOK 29.3b | 9.1x | 4.3x | 0.8x |
| Fri, 29 Jul 2022 | NOK 109.0b | NOK 162.6b | NOK 30.1b | 9.4x | 3.6x | 0.7x |
| Sun, 26 Jun 2022 | NOK 111.4b | NOK 157.0b | NOK 29.1b | 9.6x | 3.8x | 0.7x |
| Tue, 24 May 2022 | NOK 123.7b | NOK 153.1b | -NOK 10,344,110,728.00 | 9.6x | -12x | 0.8x |
| Thu, 21 Apr 2022 | NOK 97.8b | NOK 131.6b | -NOK 4,475,244,180.00 | 10x | -21.9x | 0.7x |
| Sat, 19 Mar 2022 | NOK 90.2b | NOK 129.9b | -NOK 4,712,268,616.00 | 9.7x | -19.1x | 0.7x |
| Mon, 14 Feb 2022 | NOK 79.2b | NOK 127.5b | NOK 4.4b | 6.3x | 18.1x | 0.6x |
| Wed, 12 Jan 2022 | NOK 77.8b | NOK 130.0b | NOK 4.5b | 5.1x | 17.3x | 0.6x |
| Fri, 10 Dec 2021 | NOK 71.0b | NOK 131.9b | NOK 4.4b | 5.2x | 16.2x | 0.5x |
| Sun, 07 Nov 2021 | NOK 79.8b | NOK 123.0b | NOK 3.2b | 5.3x | 24.6x | 0.6x |
| Tue, 05 Oct 2021 | NOK 77.1b | NOK 118.8b | NOK 2.5b | 4.7x | 31.1x | 0.6x |
| Thu, 02 Sep 2021 | NOK 70.0b | NOK 120.8b | NOK 2.1b | 3.7x | 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 12.7x 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 1.00x.
Past Earnings Growth
- The earnings for companies in the Energy Services industry have grown 98% per year over the last three years.
- Revenues for these companies have grown 20% 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 | -0.89% | |
| Energy | -2.06% | |
| Energy Services | 0.27% | |
| Oil and Gas Services | 0.36% | |
| Oil and Gas Drilling | 0.014% | |
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 44.5%, which is lower than the prior year's growth of 204.9% 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 205% 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 | |
|---|---|---|---|---|---|
| TGS TGS | NOK 131.00 | 4.7% +NOK 1.2b | -4.4% | PE92.2x | |
| ODL Odfjell Drilling | NOK 56.40 | 5.4% +NOK 695.4m | 54.5% | PE5.4x | |
| SEA1 Sea1 Offshore | NOK 30.60 | 3.0% +NOK 138.2m | 40.0% | PE1.7x | |
| SDNS Shelf Drilling (North Sea) | NOK 25.00 | 5.5% +NOK 130.0m | -8.8% | PS2x | |
| BBERG Beerenberg | NOK 40.80 | 13.0% +NOK 115.5m | n/a | PE15.6x |
