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Norwegian (OSEAX) Oil and Gas Industry Analysis

UpdatedDec 21, 2024
DataAggregated Company Financials
Companies25
  • 7D-1.8%
  • 3M-4.3%
  • 1Y-20.7%
  • YTD-20.9%

Over the last 7 days, the Oil and Gas industry has dropped 1.8%, driven by a pullback from Equinor of 1.2%. Meanwhile, Cool actually outperformed within the industry, gaining 7.9% in the last week. Overall the industry is down 21% in 12 months. Looking forward, earnings are forecast to decline by 4.6% per year.

Industry Valuation and Performance

Has the Norwegian Oil and Gas Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Dec 2024NOK 1.0tNOK 1.6tNOK 152.6b4.1x6.7x0.7x
Tue, 19 Nov 2024NOK 1.0tNOK 1.5tNOK 144.1b4.5x7.3x0.7x
Thu, 17 Oct 2024NOK 1.1tNOK 1.5tNOK 147.4b4.9x7.3x0.7x
Sat, 14 Sep 2024NOK 1.1tNOK 1.4tNOK 144.1b4.9x7.5x0.8x
Mon, 12 Aug 2024NOK 1.2tNOK 1.4tNOK 144.2b5.5x8.2x0.8x
Wed, 10 Jul 2024NOK 1.2tNOK 1.4tNOK 138.5b5.7x8.5x0.9x
Fri, 07 Jun 2024NOK 1.3tNOK 1.4tNOK 142.9b5.6x8.8x0.9x
Sun, 05 May 2024NOK 1.3tNOK 1.4tNOK 147.6b7.7x8.6x0.9x
Tue, 02 Apr 2024NOK 1.2tNOK 1.5tNOK 170.0b6.6x7.2x0.8x
Thu, 29 Feb 2024NOK 1.1tNOK 1.4tNOK 166.0b5.6x6.9x0.8x
Sat, 27 Jan 2024NOK 1.3tNOK 1.5tNOK 225.6b5.1x5.7x0.9x
Mon, 25 Dec 2023NOK 1.4tNOK 1.5tNOK 221.1b5.4x6.2x0.9x
Wed, 22 Nov 2023NOK 1.5tNOK 1.5tNOK 230.2b5.7x6.4x1x
Fri, 20 Oct 2023NOK 1.5tNOK 1.8tNOK 316.8b5.4x4.9x0.9x
Sun, 17 Sep 2023NOK 1.5tNOK 1.8tNOK 309.6b5.1x4.7x0.8x
Tue, 15 Aug 2023NOK 1.3tNOK 1.7tNOK 298.8b6.9x4.5x0.8x
Thu, 13 Jul 2023NOK 1.3tNOK 1.8tNOK 336.3b6.4x3.9x0.7x
Sat, 10 Jun 2023NOK 1.3tNOK 1.9tNOK 357.1b5.9x3.7x0.7x
Mon, 08 May 2023NOK 1.3tNOK 1.9tNOK 349.9b6.9x3.7x0.7x
Wed, 05 Apr 2023NOK 1.3tNOK 1.9tNOK 344.7b6.8x3.8x0.7x
Fri, 03 Mar 2023NOK 1.4tNOK 1.9tNOK 349.1b7.2x4.1x0.7x
Sun, 29 Jan 2023NOK 1.4tNOK 1.7tNOK 280.7b7.5x4.8x0.8x
Tue, 27 Dec 2022NOK 1.6tNOK 1.7tNOK 280.1b8.5x5.6x0.9x
Thu, 24 Nov 2022NOK 1.6tNOK 1.8tNOK 282.4b8.2x5.6x0.9x
Sat, 22 Oct 2022NOK 1.6tNOK 1.6tNOK 205.7b9x7.7x1x
Mon, 19 Sep 2022NOK 1.6tNOK 1.6tNOK 198.1b8.4x7.9x1x
Wed, 17 Aug 2022NOK 1.6tNOK 1.5tNOK 186.5b9.8x8.6x1.1x
Fri, 15 Jul 2022NOK 1.4tNOK 1.3tNOK 147.8b8.5x9.6x1.1x
Sun, 12 Jun 2022NOK 1.5tNOK 1.3tNOK 139.7b10x10.7x1.2x
Tue, 10 May 2022NOK 1.3tNOK 1.2tNOK 138.4b9.4x9.7x1.1x
Thu, 07 Apr 2022NOK 1.4tNOK 935.1bNOK 94.7b11.8x14.7x1.5x
Sat, 05 Mar 2022NOK 1.2tNOK 942.7bNOK 97.4b8.8x12.7x1.3x
Mon, 31 Jan 2022NOK 1.1tNOK 703.6bNOK 34.8b15.2x30.8x1.5x
Wed, 29 Dec 2021NOK 1.0tNOK 689.3bNOK 34.1b14.3x30.1x1.5x
Price to Earnings Ratio

30.1x


Total Market Cap: NOK 1.0tTotal Earnings: NOK 34.1bTotal Revenue: NOK 689.3bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Industry Price to Earnings3Y Average 8.3x202220232024
Current Industry PE
  • Investors are pessimistic on the Norwegian Oil and Gas 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 6.7x which is lower than its 3-year average PE of 8.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.94x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have grown 65% per year over the last three years.
  • Revenues for these companies have grown 31% 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-2.76%
Energy-1.81%
Oil and Gas-1.77%
Oil and Gas Refining and Marketing0%
Integrated Oil and Gas-1.20%
Oil and Gas Storage and Transportation-2.30%
Coal and Fuels-2.50%
Oil and Gas Exploration and Production-3.11%
Industry PE
  • Investors are most optimistic about the Oil and Gas Exploration and Production industry even though it's trading below its 3-year average PE ratio of 12.5x.
    • Analysts are expecting annual earnings growth of 10.9%, which is higher than its past year's earnings decline of 11.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 62% over the next 5 years.
  • In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings decline 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
CLCO CoolNOK 85.857.9%
+NOK 335.6m		-33.4%PE4.4x
PNOR PetroNor E&PNOK 11.288.9%
+NOK 131.0m		45.7%PE2.7x
BWEK BW Epic KosanNOK 24.402.5%
+NOK 95.7m		25.8%PE11.1x
BNOR BlueNordNOK 616.000.2%
+NOK 26.5m		25.2%PE36.2x
ADS ADS Maritime HoldingNOK 1.972.6%
+NOK 3.6m		-6.6%PE3.8x
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Latest News

HAFNI

NOK 57.60

Hafnia

7D

-2.7%

1Y

-21.1%

BNOR

NOK 616.00

BlueNord

7D

0.2%

1Y

25.2%

BWLPG

NOK 115.50

BWG

7D

-3.7%

1Y

-26.7%

VAR

NOK 34.01

Vår Energi

7D

-1.5%

1Y

5.5%

BWE

NOK 22.35

BW Energy

7D

-2.0%

1Y

-17.1%

DNO

NOK 10.02

DNO

7D

-1.6%

1Y

-1.7%

CLCO

NOK 85.85

Cool

7D

7.9%

1Y

-33.4%

Investors Don't See Light At End Of Cool Company Ltd.'s (OB:CLCO) Tunnel And Push Stock Down 27%

Dec 08
Investors Don't See Light At End Of Cool Company Ltd.'s (OB:CLCO) Tunnel And Push Stock Down 27%

AGAS

NOK 73.70

Avance Gas Holding

7D

-4.9%

1Y

-52.6%

EQNR

NOK 254.45

Equinor

7D

-1.2%

1Y

-21.7%

Insufficient Growth At Equinor ASA (OB:EQNR) Hampers Share Price

Dec 01
Insufficient Growth At Equinor ASA (OB:EQNR) Hampers Share Price

PNOR

NOK 11.28

PetroNor E&P

7D

8.9%

1Y

45.7%

ADS

NOK 1.97

ADS Maritime Holding

7D

2.6%

1Y

-6.6%

ADS Maritime Holding's (OB:ADS) Earnings Are Built On Soft Foundations

Nov 21
ADS Maritime Holding's (OB:ADS) Earnings Are Built On Soft Foundations

AKRBP

NOK 213.10

Aker BP

7D

-4.8%

1Y

-28.3%

BWEK

NOK 24.40

BW Epic Kosan

7D

2.5%

1Y

25.8%