This Just In: Analysts Are Boosting Their Awilco LNG ASA (OB:ALNG) Outlook for Next Year
Awilco LNG ASA ( OB:ALNG ) shareholders will have a reason to smile today, with the analysts making substantial...
Has the Norwegian Oil and Gas Industry valuation changed over the past few years?
|Sat, 04 Dec 2021||kr919.0b||kr708.1b||kr35.3b||12.8x|
|Mon, 01 Nov 2021||kr883.5b||kr654.4b||kr30.8b||12.6x|
|Wed, 29 Sep 2021||kr850.7b||kr566.8b||kr766.2m||10.3x|
|Fri, 27 Aug 2021||kr762.0b||kr563.6b||kr770.6m||8.3x|
|Sat, 03 Jul 2021||kr757.3b||kr563.6b||kr770.6m||6.9x|
|Tue, 06 Apr 2021||kr693.5b||kr469.0b||-kr18,133,365,282.81||6.8x|
|Fri, 08 Jan 2021||kr608.3b||kr459.4b||-kr45,841,821,825.69||4.5x|
|Thu, 01 Oct 2020||kr522.7b||kr535.1b||-kr26,710,534,965.77||4.9x|
|Sun, 05 Jul 2020||kr551.3b||kr588.6b||-kr16,147,795,275.39||4.1x|
|Wed, 08 Apr 2020||kr514.4b||kr734.2b||-kr87,922,918.67||4.2x|
|Tue, 31 Dec 2019||kr746.7b||kr627.9b||kr23.8b||20.1x|
|Fri, 04 Oct 2019||kr718.7b||kr701.5b||kr55.5b||13.5x|
|Mon, 08 Jul 2019||kr699.8b||kr692.8b||kr76.3b||35.5x|
|Sun, 31 Mar 2019||kr782.6b||kr703.2b||kr74.7b||9.2x|
|Wed, 02 Jan 2019||kr725.3b||kr737.4b||kr72.5b||6.8x|
Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 10.7x. However, future earnings are expected to decline by 6.4% which could potentially cause the PE ratio to fall below its historical average.
Past Earnings Growth: The earnings for companies in the Oil and Gas industry have declined 16% per year over the last three years, while revenues for these companies have grown 2.9% per year. This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.
Which industries have driven the changes within the Norwegian Oil and Gas industry?
|Coal and Fuels||1.46%|
|Integrated Oil and Gas||0.20%|
|Oil and Gas Exploration and Production||-4.03%|
|Oil and Gas Storage and Transportation||-8.01%|
Industry PE: Investors are most optimistic about the Integrated Oil and Gas industry which is trading above its 3-year average PE ratio of 15.2x. However analysts are expecting annual earnings decline of 0 so the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Oil and Gas Storage and Transportation industry, which is trading below its 3-year average of 22.2x.
Forecasted Growth: Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 85% over the next 5 years. Meanwhile, the Integrated Oil and Gas industry is expected to see its earnings decline by 11% per year over the next few years.
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