Why The 24% Return On Capital At Hafnia (OB:HAFNI) Should Have Your Attention
May 31
Norwegian (OSEAX) Oil and Gas Industry Analysis
UpdatedJun 03, 2024
DataAggregated Company Financials
Companies24
- 7D0.5%
- 3M12.7%
- 1Y7.2%
- YTD-3.6%
Over the last 7 days, the Oil and Gas industry has risen 1.1%, driven by gains in Aker BP and BWG of 2.7% and 16%, respectively. This means that the industry has gained 9.0% over the past year. Looking forward, earnings are forecast to decline by 3.2% 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 |
|---|---|---|---|---|---|---|
| Mon, 03 Jun 2024 | kr1.3t | kr1.4t | kr142.1b | 6.2x | 9.2x | 0.9x |
| Wed, 01 May 2024 | kr1.3t | kr1.5t | kr150.9b | 7.5x | 8.5x | 0.9x |
| Fri, 29 Mar 2024 | kr1.2t | kr1.5t | kr170.2b | 6.5x | 7.2x | 0.8x |
| Sun, 25 Feb 2024 | kr1.1t | kr1.4t | kr165.0b | 5.3x | 6.9x | 0.8x |
| Tue, 23 Jan 2024 | kr1.2t | kr1.5t | kr227.6b | 5x | 5.5x | 0.8x |
| Thu, 21 Dec 2023 | kr1.4t | kr1.5t | kr223.1b | 5.2x | 6.1x | 0.9x |
| Sat, 18 Nov 2023 | kr1.5t | kr1.6t | kr236.0b | 6x | 6.2x | 0.9x |
| Mon, 16 Oct 2023 | kr1.5t | kr1.8t | kr313.8b | 5.3x | 4.9x | 0.9x |
| Wed, 13 Sep 2023 | kr1.4t | kr1.7t | kr307.0b | 5.4x | 4.7x | 0.8x |
| Fri, 11 Aug 2023 | kr1.4t | kr1.7t | kr291.8b | 7.4x | 4.6x | 0.8x |
| Sun, 09 Jul 2023 | kr1.3t | kr1.9t | kr352.6b | 6.3x | 3.7x | 0.7x |
| Tue, 06 Jun 2023 | kr1.3t | kr1.9t | kr367.5b | 6.8x | 3.5x | 0.7x |
| Thu, 04 May 2023 | kr1.2t | kr2.0t | kr353.7b | 6.8x | 3.5x | 0.6x |
| Sat, 01 Apr 2023 | kr1.3t | kr1.9t | kr349.9b | 6.5x | 3.7x | 0.7x |
| Mon, 27 Feb 2023 | kr1.4t | kr1.9t | kr344.1b | 7.7x | 4.1x | 0.7x |
| Wed, 25 Jan 2023 | kr1.3t | kr1.7t | kr280.0b | 7.7x | 4.8x | 0.8x |
| Fri, 23 Dec 2022 | kr1.6t | kr1.7t | kr280.2b | 8.4x | 5.6x | 0.9x |
| Sun, 20 Nov 2022 | kr1.5t | kr1.8t | kr284.7b | 8.9x | 5.3x | 0.8x |
| Tue, 18 Oct 2022 | kr1.6t | kr1.6t | kr207.0b | 8x | 7.5x | 1x |
| Thu, 15 Sep 2022 | kr1.6t | kr1.5t | kr196.0b | 9.1x | 8.3x | 1.1x |
| Sat, 13 Aug 2022 | kr1.6t | kr1.5t | kr184.3b | 9.9x | 8.5x | 1.1x |
| Mon, 11 Jul 2022 | kr1.5t | kr1.3t | kr145.4b | 8.9x | 10.1x | 1.1x |
| Wed, 08 Jun 2022 | kr1.5t | kr1.2t | kr136.9b | 10.3x | 11.1x | 1.2x |
| Fri, 06 May 2022 | kr1.4t | kr1.0t | kr108.9b | 9.7x | 12.9x | 1.4x |
| Sun, 03 Apr 2022 | kr1.4t | kr931.6b | kr94.3b | 10.6x | 14.5x | 1.5x |
| Tue, 01 Mar 2022 | kr1.2t | kr924.0b | kr95.5b | 9.1x | 12x | 1.2x |
| Thu, 27 Jan 2022 | kr1.1t | kr696.1b | kr34.4b | 15x | 32x | 1.6x |
| Sat, 25 Dec 2021 | kr1.0t | kr693.4b | kr34.4b | 13.5x | 29.9x | 1.5x |
| Mon, 22 Nov 2021 | kr891.7b | kr695.7b | kr35.2b | 12.7x | 25.4x | 1.3x |
| Wed, 20 Oct 2021 | kr947.2b | kr546.7b | kr788.6m | 12x | 1201.1x | 1.7x |
| Fri, 17 Sep 2021 | kr832.1b | kr565.5b | kr764.2m | 10x | 1088.8x | 1.5x |
| Sun, 15 Aug 2021 | kr752.7b | kr563.6b | kr770.6m | 6.7x | 976.7x | 1.3x |
| Thu, 10 Jun 2021 | kr736.6b | kr469.0b | -kr18,133,365,282.81 | 8.8x | -40.6x | 1.6x |
Price to Earnings Ratio
-40.6x
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 9.2x which is lower than its 3-year average PE of 127x.
- The 3-year average PS ratio of 1.0x 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 44% 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 | -0.068% | |
| Energy | 0.77% | |
| Oil and Gas | 0.45% | |
| Coal and Fuels | 8.76% | |
| Oil and Gas Storage and Transportation | 4.14% | |
| Oil and Gas Exploration and Production | 1.21% | |
| Oil and Gas Refining and Marketing | 1.12% | |
| Integrated Oil and Gas | -0.26% | |
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 8.1%, which is higher than its past year's earnings growth of 3.3% per year.
Forecasted Growth
- Analysts are most optimistic on the Oil and Gas Refining and Marketing industry, expecting annual earnings growth of 51% 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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| BWLPG BWG | kr217.40 | 15.5% +kr3.8b | 109.2% | PE5.8x | |
| AKRBP Aker BP | kr268.90 | 1.3% +kr2.1b | 4.4% | PE9.6x | |
| VAR Vår Energi | kr37.15 | 0.8% +kr748.9m | 38.2% | PE17.7x | |
| HAFNI Hafnia | kr91.95 | 1.4% +kr658.9m | 78.2% | PE5.9x | |
| DNO DNO | kr11.68 | 4.2% +kr458.3m | 10.4% | PS1.9x |
