Brokers Are Upgrading Their Views On Avance Gas Holding Ltd (OB:AGAS) With These New Forecasts
Dec 01
Norwegian (OSEAX) Oil and Gas Industry Analysis
UpdatedDec 02, 2023
DataAggregated Company Financials
Companies28
- 7D-3.1%
- 3M3.6%
- 1Y-3.9%
- YTD-0.4%
Over the last 7 days, the Oil and Gas industry has dropped 3.1%, driven by Equinor declining 3.4%. The industry has fallen 3.9% in the last year. Looking forward, earnings are forecast to decline by 12% per year.
Industry Valuation and Performance
Has the Norwegian Oil and Gas Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 02 Dec 2023 | kr1.4t | kr1.5t | kr230.9b | 5.4x | 6.2x | 0.9x |
| Mon, 30 Oct 2023 | kr1.5t | kr1.6t | kr244.6b | 5.8x | 6.3x | 1x |
| Wed, 27 Sep 2023 | kr1.4t | kr1.8t | kr310.6b | 5.1x | 4.6x | 0.8x |
| Fri, 25 Aug 2023 | kr1.3t | kr1.7t | kr304.7b | 5.6x | 4.4x | 0.8x |
| Sun, 23 Jul 2023 | kr1.3t | kr1.8t | kr337.0b | 6.2x | 3.8x | 0.7x |
| Tue, 20 Jun 2023 | kr1.3t | kr1.9t | kr354.3b | 6.7x | 3.8x | 0.7x |
| Thu, 18 May 2023 | kr1.3t | kr1.9t | kr358.0b | 6x | 3.6x | 0.7x |
| Sat, 15 Apr 2023 | kr1.3t | kr1.9t | kr346.9b | 6.6x | 3.8x | 0.7x |
| Mon, 13 Mar 2023 | kr1.4t | kr1.9t | kr355.4b | 7.2x | 3.9x | 0.7x |
| Wed, 08 Feb 2023 | kr1.3t | kr1.8t | kr292.7b | 7.7x | 4.5x | 0.7x |
| Fri, 06 Jan 2023 | kr1.4t | kr1.8t | kr290.9b | 7.4x | 4.8x | 0.8x |
| Sun, 04 Dec 2022 | kr1.6t | kr1.7t | kr278.4b | 8.8x | 5.7x | 0.9x |
| Tue, 01 Nov 2022 | kr1.6t | kr1.8t | kr288.9b | 9.5x | 5.7x | 0.9x |
| Thu, 29 Sep 2022 | kr1.5t | kr1.7t | kr209.3b | 8.1x | 7.3x | 0.9x |
| Sat, 27 Aug 2022 | kr1.8t | kr1.5t | kr188.4b | 10.3x | 9.4x | 1.2x |
| Mon, 25 Jul 2022 | kr1.5t | kr1.3t | kr142.9b | 9.4x | 10.5x | 1.1x |
| Wed, 22 Jun 2022 | kr1.5t | kr1.3t | kr141.6b | 9.1x | 10.2x | 1.1x |
| Fri, 20 May 2022 | kr1.4t | kr1.3t | kr138.7b | 10x | 10.1x | 1.1x |
| Sun, 17 Apr 2022 | kr1.4t | kr938.8b | kr95.1b | 10.3x | 15x | 1.5x |
| Tue, 15 Mar 2022 | kr1.2t | kr954.9b | kr95.7b | 8.9x | 12.4x | 1.2x |
| Thu, 10 Feb 2022 | kr1.1t | kr689.5b | kr34.1b | 15.3x | 32.2x | 1.6x |
| Sat, 08 Jan 2022 | kr1.0t | kr693.7b | kr34.3b | 14.4x | 30.3x | 1.5x |
| Mon, 06 Dec 2021 | kr922.1b | kr719.3b | kr35.7b | 13.2x | 25.8x | 1.3x |
| Wed, 03 Nov 2021 | kr904.3b | kr666.5b | kr32.1b | 12.6x | 28.1x | 1.4x |
| Fri, 01 Oct 2021 | kr894.3b | kr570.8b | kr770.6m | 10.6x | 1160.6x | 1.6x |
| Sun, 29 Aug 2021 | kr761.9b | kr563.6b | kr770.6m | 8.3x | 988.7x | 1.4x |
| Mon, 05 Jul 2021 | kr757.3b | kr563.6b | kr770.6m | 6.9x | 982.7x | 1.3x |
| Thu, 08 Apr 2021 | kr693.5b | kr469.0b | -kr18,133,365,282.81 | 6.8x | -38.2x | 1.5x |
| Sun, 10 Jan 2021 | kr608.3b | kr459.4b | -kr45,841,821,825.69 | 4.5x | -13.3x | 1.3x |
Price to Earnings Ratio
-21.7x
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 6.2x which is lower than its 3-year average PE of 121x.
- The 3-year average PS ratio of 1.1x is higher than the industry's current PS ratio of 0.93x.
Past Earnings Growth
- Total earnings for the Oil and Gas industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 42% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Energy industry?
| NO Market | -0.88% | |
| Energy | -2.87% | |
| Oil and Gas | -3.11% | |
| Coal and Fuels | 19.89% | |
| Oil and Gas Exploration and Production | -1.86% | |
| Integrated Oil and Gas | -3.38% | |
| Oil and Gas Refining and Marketing | -3.43% | |
| Oil and Gas Storage and Transportation | -4.70% | |
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 15.3x.
- Analysts are expecting annual earnings growth of 9.2%, which is higher than its past year's earnings growth of 3.6% per year.
Forecasted Growth
- Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 71% over the next 5 years.
- In contrast, the Oil and Gas Storage and Transportation industry is expected to see its earnings decline by 19% 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 | |
|---|---|---|---|---|---|
| BWE BW Energy | kr25.05 | 3.3% +kr206.4m | -4.7% | PS1.8x | |
| EFUEL Everfuel | kr8.50 | 23.9% +kr141.5m | -81.1% | PS22.8x | |
| BWEK BW Epic Kosan | kr24.40 | 2.5% +kr95.7m | 25.8% | PE11.1x | |
| PEN Panoro Energy | kr28.38 | 0.9% +kr30.4m | -4.1% | PE8.9x | |
| HUNT Hunter Group | kr2.25 | 25.6% +kr13.2m | -94.9% | PE0.1x |
