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Norwegian (OSEAX) Oil and Gas Industry Analysis

UpdatedNov 30, 2022
DataAggregated Company Financials
Companies25
  • 7D4.3%
  • 3M-1.7%
  • 1Y57.0%
  • YTD52.2%

Over the last 7 days, the Oil and Gas industry has risen 4.3%, driven by gains from Equinor of 6.1%. In the same time, Hafnia was down 9.9%. In the last 12 months, the industry was up 57%. In the next few years, earnings are forecast to decline by 20% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 30 Nov 2022kr1.6tkr1.8tkr283.4b7.7x5.8x0.9x
Fri, 28 Oct 2022kr1.6tkr1.6tkr202.8b9.7x8x1x
Sun, 25 Sep 2022kr1.5tkr1.6tkr205.6b7.6x7.1x0.9x
Tue, 23 Aug 2022kr1.7tkr1.5tkr189.8b9.6x8.8x1.1x
Thu, 21 Jul 2022kr1.5tkr1.3tkr143.2b9.3x10.7x1.2x
Sat, 18 Jun 2022kr1.5tkr1.3tkr144.7b9.1x10.1x1.1x
Mon, 16 May 2022kr1.4tkr1.3tkr139.8b9.3x9.9x1.1x
Wed, 13 Apr 2022kr1.4tkr931.9bkr94.4b10x14.7x1.5x
Fri, 11 Mar 2022kr1.2tkr950.3bkr95.2b8.7x12.8x1.3x
Sun, 06 Feb 2022kr1.1tkr688.5bkr34.0b15.6x32.6x1.6x
Tue, 04 Jan 2022kr1.0tkr695.6bkr34.4b14.3x29.4x1.5x
Thu, 02 Dec 2021kr919.0bkr708.1bkr35.3b12.8x26x1.3x
Sat, 30 Oct 2021kr897.1bkr673.6bkr31.9b12.6x28.1x1.3x
Mon, 27 Sep 2021kr830.7bkr563.4bkr762.8m10.1x1089.1x1.5x
Wed, 25 Aug 2021kr749.7bkr563.6bkr770.6m8.4x972.8x1.3x
Thu, 01 Jul 2021kr757.3bkr563.6bkr770.6m6.9x982.7x1.3x
Sun, 04 Apr 2021kr693.5bkr469.0b-kr18,133,365,282.816.8x-38.2x1.5x
Wed, 06 Jan 2021kr608.3bkr459.4b-kr45,841,821,825.694.5x-13.3x1.3x
Sat, 10 Oct 2020kr522.7bkr535.1b-kr26,710,534,965.774.9x-19.6x1x
Fri, 03 Jul 2020kr551.3bkr588.6b-kr16,147,795,275.394.1x-34.1x0.9x
Mon, 06 Apr 2020kr514.4bkr734.2b-kr87,922,918.674.2x-5850.7x0.7x
Thu, 09 Jan 2020kr746.7bkr627.9bkr23.8b20.1x31.4x1.2x
Price to Earnings Ratio

12.9x


Total Market Cap: kr718.0bTotal Earnings: kr55.5bTotal Revenue: kr701.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Industry Price to Earnings3Y Average -416x202020212022
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 5.8x which is higher than its 3-year average PE of -416x.
  • The 3-year average PS ratio of 1.2x is higher than the industry's current PS ratio of 0.92x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have grown 72% per year over the last three years.
  • Revenues for these companies have grown 36% 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 Market2.05%
Energy3.84%
Oil and Gas4.34%
Integrated Oil and Gas6.08%
Oil and Gas Exploration and Production0.81%
Oil and Gas Refining and Marketing0%
Oil and Gas Storage and Transportation-3.74%
Coal and Fuels-7.62%
Industry PE
  • Investors are most optimistic about the Oil and Gas Exploration and Production industry which is trading above its 3-year average PE ratio of 1.6x.
    • Analysts are expecting annual earnings growth of 0.9%, which is lower than the prior year's growth of 310.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Coal and Fuels industry, expecting annual earnings growth of 67% over the next 5 years.
  • In contrast, the Integrated Oil and Gas 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
EQNR Equinorkr377.006.1%
+kr68.0b
64.8%PE4.9x
VAR Vår Energikr35.722.6%
+kr2.2b
n/aPE13.9x
FLNG FLEX LNGkr366.804.9%
+kr905.6m
71.4%PE9x
AKRBP Aker BPkr339.600.4%
+kr820.6m
18.6%PE11.4x
BWE BW Energykr27.182.8%
+kr190.9m
28.8%PE7.6x
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Latest News

ALNG

kr8.46

Awilco LNG

7D

13.6%

1Y

38.7%

OET

kr184.20

Okeanis Eco Tankers

7D

-4.5%

1Y

143.7%

BWE

kr27.18

BW Energy

7D

2.8%

1Y

28.8%

AGAS

kr70.00

Avance Gas Holding

7D

-2.0%

1Y

105.3%

BWLPG

kr86.45

BWG

7D

-6.1%

1Y

87.5%

EFUEL

kr44.50

Everfuel

7D

-9.2%

1Y

-13.1%

FLNG

kr366.80

FLEX LNG

7D

4.9%

1Y

71.4%

DNO

kr12.38

DNO

7D

-2.7%

1Y

17.0%

HAFNI

kr54.00

Hafnia

7D

-9.9%

1Y

244.8%

PEN

kr30.58

Panoro Energy

7D

2.3%

1Y

59.8%

VAR

kr35.72

Vår Energi

7D

2.6%

1Y

n/a

OKEA

kr38.50

OKEA

7D

0.7%

1Y

60.4%

NOR

kr381.00

Norwegian Energy

7D

-2.3%

1Y

159.9%

BWEK

kr19.40

BW Epic Kosan

7D

-2.0%

1Y

-3.0%

AKRBP

kr339.60

Aker BP

7D

0.4%

1Y

18.6%