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Norwegian (OSEAX) Oil and Gas Industry Analysis

UpdatedJan 21, 2025
DataAggregated Company Financials
Companies23
  • 7D-4.8%
  • 3M3.9%
  • 1Y-2.6%
  • YTD2.1%

Over the last 7 days, the Oil and Gas industry has dropped 3.2%, driven by Equinor declining 5.6%. Meanwhile, DNO actually outperformed within the industry, gaining 5.4% in the last week. Over the last year, the industry has been flat overall. In the next few years, earnings are forecast to decline by 5.2% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Jan 2025NOK 1.1tNOK 1.5tNOK 152.9b5.9x7.5x0.7x
Thu, 19 Dec 2024NOK 1.0tNOK 1.5tNOK 151.3b4.1x6.7x0.7x
Sat, 16 Nov 2024NOK 1.1tNOK 1.5tNOK 143.6b4.6x7.5x0.7x
Mon, 14 Oct 2024NOK 1.1tNOK 1.4tNOK 144.4b5x7.7x0.8x
Wed, 11 Sep 2024NOK 1.1tNOK 1.5tNOK 146.4b4.7x7.2x0.7x
Fri, 09 Aug 2024NOK 1.2tNOK 1.5tNOK 144.8b5.4x8.1x0.8x
Sun, 07 Jul 2024NOK 1.2tNOK 1.4tNOK 137.7b5.6x8.7x0.9x
Tue, 04 Jun 2024NOK 1.3tNOK 1.4tNOK 141.7b6.2x9.2x0.9x
Thu, 02 May 2024NOK 1.3tNOK 1.5tNOK 150.8b7.5x8.5x0.9x
Sat, 30 Mar 2024NOK 1.2tNOK 1.5tNOK 170.1b6.6x7.2x0.8x
Mon, 26 Feb 2024NOK 1.1tNOK 1.4tNOK 165.0b5.3x6.9x0.8x
Wed, 24 Jan 2024NOK 1.3tNOK 1.5tNOK 227.5b5x5.5x0.8x
Fri, 22 Dec 2023NOK 1.4tNOK 1.5tNOK 222.8b5.3x6.1x0.9x
Sun, 19 Nov 2023NOK 1.5tNOK 1.6tNOK 233.7b5.9x6.3x0.9x
Tue, 17 Oct 2023NOK 1.5tNOK 1.8tNOK 314.5b5.2x4.9x0.9x
Thu, 14 Sep 2023NOK 1.4tNOK 1.7tNOK 307.7b5.2x4.7x0.8x
Sat, 12 Aug 2023NOK 1.4tNOK 1.7tNOK 297.4b7.3x4.6x0.8x
Mon, 10 Jul 2023NOK 1.3tNOK 1.9tNOK 352.6b6.3x3.7x0.7x
Wed, 07 Jun 2023NOK 1.3tNOK 2.0tNOK 367.6b6.6x3.4x0.6x
Fri, 05 May 2023NOK 1.3tNOK 2.0tNOK 352.3b6.7x3.6x0.6x
Sun, 02 Apr 2023NOK 1.3tNOK 1.9tNOK 349.9b6.5x3.7x0.7x
Tue, 28 Feb 2023NOK 1.4tNOK 1.9tNOK 343.0b8x4.1x0.8x
Thu, 26 Jan 2023NOK 1.3tNOK 1.8tNOK 281.5b7.4x4.6x0.7x
Sat, 24 Dec 2022NOK 1.6tNOK 1.7tNOK 280.0b8.5x5.6x0.9x
Mon, 21 Nov 2022NOK 1.5tNOK 1.8tNOK 284.7b8.9x5.3x0.8x
Wed, 19 Oct 2022NOK 1.5tNOK 1.6tNOK 206.3b8.9x7.5x0.9x
Fri, 16 Sep 2022NOK 1.6tNOK 1.6tNOK 196.9b9x8.1x1x
Sun, 14 Aug 2022NOK 1.6tNOK 1.5tNOK 184.3b9.9x8.5x1.1x
Tue, 12 Jul 2022NOK 1.5tNOK 1.3tNOK 146.8b8.8x10.2x1.1x
Thu, 09 Jun 2022NOK 1.5tNOK 1.2tNOK 136.9b10.3x11.1x1.2x
Sat, 07 May 2022NOK 1.4tNOK 1.2tNOK 135.0b9.3x10.4x1.2x
Mon, 04 Apr 2022NOK 1.4tNOK 931.6bNOK 94.3b10.6x14.5x1.5x
Wed, 02 Mar 2022NOK 1.2tNOK 930.8bNOK 96.2b9.5x12.8x1.3x
Fri, 28 Jan 2022NOK 1.1tNOK 701.2bNOK 34.7b15.3x31.4x1.6x
Price to Earnings Ratio

31.4x


Total Market Cap: NOK 1.1tTotal Earnings: NOK 34.7bTotal Revenue: NOK 701.2bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Industry Price to Earnings3Y Average 7.6x202320242025
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 7.6x.
  • The industry is trading close to its 3-year average PS ratio of 0.92x.
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 Market0.11%
Energy-4.37%
Oil and Gas-4.77%
Oil and Gas Refining and Marketing8.41%
Coal and Fuels1.02%
Oil and Gas Exploration and Production-1.93%
Integrated Oil and Gas-5.59%
Oil and Gas Storage and Transportation-7.50%
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 11.9x.
    • Analysts are expecting annual earnings growth of 7.8%, 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 26% 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
DNO DNONOK 12.684.3%
+NOK 507.0m		36.5%PE14.5x
CLCO CoolNOK 99.901.9%
+NOK 99.4m		-22.7%PE5.1x
REFL ReFuelsNOK 11.606.4%
+NOK 42.3m		-37.3%PS0.4x
ALNG Awilco LNGNOK 4.353.1%
+NOK 17.2m		-43.1%PE1.7x
HUNT Hunter GroupNOK 1.399.4%
+NOK 16.2m		-44.2%PE10.4x
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1Y

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HUNT

NOK 1.39

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NOK 680.00

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7D

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1Y

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BWLPG

NOK 139.80

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ADS

NOK 2.08

ADS Maritime Holding

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6.7%

1Y

-1.0%

AGAS

NOK 83.90

Avance Gas Holding

7D

-11.0%

1Y

-36.4%

ALNG

NOK 4.35

Awilco LNG

7D

3.1%

1Y

-43.1%

BRUT

NOK 42.60

Bruton

7D

1.4%

1Y

n/a

VAR

NOK 37.60

Vår Energi

7D

-3.5%

1Y

28.3%

DNO

NOK 12.68

DNO

7D

4.3%

1Y

36.5%

CLCO

NOK 99.90

Cool

7D

1.9%

1Y

-22.7%

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PEN

NOK 29.80

Panoro Energy

7D

0.2%

1Y

12.9%

EQNR

NOK 275.10

Equinor

7D

-5.4%

1Y

-7.3%

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

Dec 01
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REFL

NOK 11.60

ReFuels

7D

6.4%

1Y

-37.3%