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Norwegian (OSEAX) Oil and Gas Industry Analysis

UpdatedMar 14, 2025
DataAggregated Company Financials
Companies22
  • 7D6.2%
  • 3M-0.8%
  • 1Y-9.1%
  • YTD-8.0%

In the last week, the Oil and Gas industry is up 3.9%, with Equinor up 6.9%. However, the industry is down 10% over the past year. Looking forward, earnings are forecast to decline by 1.0% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 14 Mar 2025NOK 1.0tNOK 1.4tNOK 136.6b4.8x7.5x0.7x
Sun, 09 Feb 2025NOK 1.1tNOK 1.5tNOK 146.1b5.3x7.4x0.7x
Tue, 07 Jan 2025NOK 1.1tNOK 1.5tNOK 152.3b4.5x7.5x0.7x
Thu, 05 Dec 2024NOK 1.1tNOK 1.5tNOK 148.5b5.3x7.3x0.7x
Sat, 02 Nov 2024NOK 1.0tNOK 1.5tNOK 142.3b4.3x7.3x0.7x
Mon, 30 Sep 2024NOK 1.1tNOK 1.4tNOK 141.7b4.9x7.4x0.7x
Wed, 28 Aug 2024NOK 1.2tNOK 1.4tNOK 140.8b5.9x8.2x0.8x
Fri, 26 Jul 2024NOK 1.2tNOK 1.5tNOK 147.4b5.4x7.8x0.8x
Sun, 23 Jun 2024NOK 1.3tNOK 1.4tNOK 143.1b5.3x8.8x0.9x
Tue, 21 May 2024NOK 1.3tNOK 1.4tNOK 145.0b8.3x8.8x0.9x
Thu, 18 Apr 2024NOK 1.3tNOK 1.5tNOK 172.2b6.8x7.5x0.9x
Sat, 16 Mar 2024NOK 1.2tNOK 1.5tNOK 166.7b6.6x7.1x0.8x
Mon, 12 Feb 2024NOK 1.2tNOK 1.4tNOK 169.3b6.2x7x0.8x
Wed, 10 Jan 2024NOK 1.3tNOK 1.5tNOK 224.0b5.3x6x0.9x
Fri, 08 Dec 2023NOK 1.4tNOK 1.6tNOK 235.4b5x5.9x0.9x
Sun, 05 Nov 2023NOK 1.5tNOK 1.6tNOK 241.8b6.2x6.3x1x
Tue, 03 Oct 2023NOK 1.4tNOK 1.8tNOK 310.9b5.3x4.6x0.8x
Thu, 31 Aug 2023NOK 1.4tNOK 1.7tNOK 301.9b5.5x4.5x0.8x
Sat, 29 Jul 2023NOK 1.3tNOK 1.7tNOK 289.9b6.3x4.4x0.8x
Mon, 26 Jun 2023NOK 1.3tNOK 1.9tNOK 359.4b6.3x3.6x0.7x
Wed, 24 May 2023NOK 1.3tNOK 1.9tNOK 365.0b6.7x3.6x0.7x
Fri, 21 Apr 2023NOK 1.3tNOK 1.9tNOK 354.1b6.4x3.7x0.7x
Sun, 19 Mar 2023NOK 1.3tNOK 1.9tNOK 358.3b6.3x3.5x0.6x
Tue, 14 Feb 2023NOK 1.4tNOK 1.8tNOK 329.8b8.2x4.4x0.8x
Thu, 12 Jan 2023NOK 1.4tNOK 1.8tNOK 283.8b7.7x4.8x0.8x
Sat, 10 Dec 2022NOK 1.5tNOK 1.8tNOK 282.8b8.2x5.4x0.9x
Mon, 07 Nov 2022NOK 1.7tNOK 1.8tNOK 286.8b10.3x6x0.9x
Wed, 05 Oct 2022NOK 1.6tNOK 1.6tNOK 203.3b8.3x7.9x1x
Fri, 02 Sep 2022NOK 1.7tNOK 1.5tNOK 195.4b8.7x8.5x1.1x
Sun, 31 Jul 2022NOK 1.6tNOK 1.5tNOK 185.8b9.5x8.6x1.1x
Tue, 28 Jun 2022NOK 1.4tNOK 1.3tNOK 141.0b9.3x9.9x1.1x
Thu, 26 May 2022NOK 1.5tNOK 1.2tNOK 137.6b10.4x10.8x1.2x
Sat, 23 Apr 2022NOK 1.4tNOK 951.9bNOK 96.4b9.9x14.3x1.4x
Mon, 21 Mar 2022NOK 1.2tNOK 930.1bNOK 93.3b9x12.3x1.2x
Price to Earnings Ratio

12.3x


Total Market Cap: NOK 1.2tTotal Earnings: NOK 93.3bTotal Revenue: NOK 930.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Industry Price to Earnings3Y Average 7x202320242025
Current Industry PE
  • Investors are relatively neutral on the Norwegian Oil and Gas industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 7.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.89x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 15% 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 Market1.68%
Energy5.36%
Oil and Gas6.17%
Coal and Fuels54.55%
Oil and Gas Refining and Marketing7.19%
Integrated Oil and Gas6.88%
Oil and Gas Exploration and Production6.11%
Oil and Gas Storage and Transportation-2.18%
Industry PE
  • Investors are most optimistic about the Oil and Gas Exploration and Production industry, which is trading close to its 3-year average PE ratio of 11.3x.
    • Analysts are expecting annual earnings growth of 11.1%, which is lower than the prior year's growth of 36.8% per year.
Forecasted Growth
  • Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 66% over the next 5 years.
  • In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings decline by 18% 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
EQNR EquinorNOK 259.356.9%
+NOK 45.4b		-6.0%PE7.5x
AKRBP Aker BPNOK 230.805.7%
+NOK 7.9b		-13.4%PE7.5x
VAR Vår EnergiNOK 31.666.6%
+NOK 4.9b		-5.0%PE27.9x
DNO DNONOK 12.238.8%
+NOK 965.3m		33.7%PS1.7x
BWE BW EnergyNOK 27.609.5%
+NOK 693.5m		4.2%PE4.5x
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Latest News

VAR

NOK 31.66

Vår Energi

7D

6.6%

1Y

-5.0%

Earnings Tell The Story For Vår Energi AS (OB:VAR)

Mar 14
Earnings Tell The Story For Vår Energi AS (OB:VAR)

BNOR

NOK 622.00

BlueNord

7D

3.0%

1Y

10.1%

AGAS

NOK 8.67

Avance Gas Holding

7D

-14.5%

1Y

-93.3%

DNO

NOK 12.23

DNO

7D

8.8%

1Y

33.7%

BWE

NOK 27.60

BW Energy

7D

9.5%

1Y

4.2%

PEN

NOK 25.90

Panoro Energy

7D

7.9%

1Y

-0.6%

BWLPG

NOK 116.40

BWG

7D

-3.1%

1Y

-7.3%

BWG's (OB:BWLPG) Weak Earnings May Only Reveal A Part Of The Whole Picture

Mar 07
BWG's (OB:BWLPG) Weak Earnings May Only Reveal A Part Of The Whole Picture

AKRBP

NOK 230.80

Aker BP

7D

5.7%

1Y

-13.4%

Aker BP ASA's (OB:AKRBP) Share Price Is Matching Sentiment Around Its Earnings

Mar 07
Aker BP ASA's (OB:AKRBP) Share Price Is Matching Sentiment Around Its Earnings

HAFNI

NOK 45.60

Hafnia

7D

-3.1%

1Y

-41.2%

OKEA

NOK 18.04

OKEA

7D

9.8%

1Y

-27.6%

IOX

NOK 1.63

Interoil Exploration and Production

7D

-4.1%

1Y

-41.3%

EQNR

NOK 259.35

Equinor

7D

6.9%

1Y

-6.0%

OET

NOK 230.00

Okeanis Eco Tankers

7D

-0.6%

1Y

-25.8%

HUNT

NOK 1.00

Hunter Group

7D

-3.8%

1Y

-52.9%