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Norwegian (OSEAX) Oil and Gas Industry Analysis

UpdatedJun 28, 2024
DataAggregated Company Financials
Companies25
  • 7D2.9%
  • 3M6.1%
  • 1Y4.2%
  • YTD-4.3%

In the last week, the Oil and Gas industry is up 2.9%, with Equinor up 3.1%. This means that the industry has gained 4.2% over the past year. In the next few years, earnings are forecast to decline by 3.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 28 Jun 2024NOK 1.3tNOK 1.4tNOK 144.3b5.5x9x0.9x
Sun, 26 May 2024NOK 1.3tNOK 1.4tNOK 143.3b5.8x9x0.9x
Tue, 23 Apr 2024NOK 1.3tNOK 1.5tNOK 172.6b6.7x7.4x0.8x
Thu, 21 Mar 2024NOK 1.2tNOK 1.5tNOK 165.8b6.6x7.3x0.8x
Sat, 17 Feb 2024NOK 1.2tNOK 1.4tNOK 165.2b5.6x7x0.8x
Mon, 15 Jan 2024NOK 1.3tNOK 1.5tNOK 222.8b5.3x6x0.9x
Wed, 13 Dec 2023NOK 1.4tNOK 1.6tNOK 237.6b5x5.8x0.9x
Fri, 10 Nov 2023NOK 1.5tNOK 1.6tNOK 243.8b6x6.2x0.9x
Sun, 08 Oct 2023NOK 1.4tNOK 1.8tNOK 313.2b5x4.4x0.8x
Tue, 05 Sep 2023NOK 1.4tNOK 1.7tNOK 305.6b5.4x4.6x0.8x
Thu, 03 Aug 2023NOK 1.3tNOK 1.7tNOK 293.4b6.5x4.4x0.8x
Sat, 01 Jul 2023NOK 1.3tNOK 1.9tNOK 356.2b6.4x3.7x0.7x
Mon, 29 May 2023NOK 1.3tNOK 2.0tNOK 370.4b6.6x3.4x0.6x
Wed, 26 Apr 2023NOK 1.3tNOK 1.9tNOK 357.3b6.8x3.6x0.7x
Fri, 24 Mar 2023NOK 1.3tNOK 1.9tNOK 347.8b6.6x3.7x0.7x
Sun, 19 Feb 2023NOK 1.4tNOK 1.9tNOK 336.2b8.3x4.1x0.7x
Tue, 17 Jan 2023NOK 1.4tNOK 1.7tNOK 280.9b7.9x4.8x0.8x
Thu, 15 Dec 2022NOK 1.6tNOK 1.7tNOK 276.6b8.7x5.6x0.9x
Sat, 12 Nov 2022NOK 1.6tNOK 1.7tNOK 277.2b10.6x5.6x0.9x
Mon, 10 Oct 2022NOK 1.6tNOK 1.6tNOK 206.9b7.9x8x1x
Wed, 07 Sep 2022NOK 1.6tNOK 1.5tNOK 194.3b8.7x8.4x1.1x
Fri, 05 Aug 2022NOK 1.5tNOK 1.5tNOK 186.9b8.8x8.2x1x
Sun, 03 Jul 2022NOK 1.5tNOK 1.3tNOK 143.8b8.4x10.2x1.1x
Tue, 31 May 2022NOK 1.5tNOK 1.2tNOK 134.6b10.8x11x1.2x
Thu, 28 Apr 2022NOK 1.4tNOK 998.0bNOK 101.0b9.4x13.6x1.4x
Sat, 26 Mar 2022NOK 1.2tNOK 917.0bNOK 92.0b9.9x13.5x1.4x
Mon, 21 Feb 2022NOK 1.1tNOK 941.1bNOK 97.5b9.8x11.3x1.2x
Wed, 19 Jan 2022NOK 1.1tNOK 689.7bNOK 34.1b15.2x32.3x1.6x
Fri, 17 Dec 2021NOK 947.4bNOK 704.2bNOK 35.0b13x27.1x1.3x
Sun, 14 Nov 2021NOK 902.4bNOK 680.1bNOK 34.1b13.3x26.5x1.3x
Tue, 12 Oct 2021NOK 922.6bNOK 559.4bNOK 800.9m11.4x1152x1.6x
Thu, 09 Sep 2021NOK 776.6bNOK 563.6bNOK 696.0m9.3x1115.9x1.4x
Sat, 07 Aug 2021NOK 735.0bNOK 563.6bNOK 770.6m6.5x953.8x1.3x
Price to Earnings Ratio

982.7x


Total Market Cap: NOK 757.3bTotal Earnings: NOK 770.6mTotal Revenue: NOK 563.6bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Oil and Gas Industry Price to Earnings3Y Average 124.1x202220232024
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 9.0x which is lower than its 3-year average PE of 124x.
  • The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.91x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have grown 472% 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 Market0.75%
Energy2.93%
Oil and Gas2.94%
Oil and Gas Storage and Transportation6.34%
Integrated Oil and Gas3.09%
Oil and Gas Exploration and Production1.46%
Oil and Gas Refining and Marketing0%
Coal and Fuels-7.70%
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 15.2x.
    • Analysts are expecting annual earnings growth of 7.7%, 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 108% 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?

CompanyLast Price7D1YValuation
EQNR EquinorNOK 302.003.1%
+NOK 25.8b		-3.2%PE8.6x
AKRBP Aker BPNOK 270.502.6%
+NOK 4.4b		7.4%PE9.5x
VAR Vår EnergiNOK 37.474.3%
+NOK 3.8b		28.4%PE17.6x
HAFNI HafniaNOK 88.005.8%
+NOK 2.7b		67.8%PE5.6x
BWLPG BWGNOK 197.404.6%
+NOK 1.1b		84.1%PE5x
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Latest News

GEOS

NOK 28.00

Golden Energy Offshore Services

7D

-2.4%

1Y

33.3%

VAR

NOK 37.47

Vår Energi

7D

4.3%

1Y

28.4%

AKRBP

NOK 270.50

Aker BP

7D

2.6%

1Y

7.4%

Pinning Down Aker BP ASA's (OB:AKRBP) P/E Is Difficult Right Now

Jun 22
Pinning Down Aker BP ASA's (OB:AKRBP) P/E Is Difficult Right Now

EQNR

NOK 302.00

Equinor

7D

3.1%

1Y

-3.2%

HAFNI

NOK 88.00

Hafnia

7D

5.8%

1Y

67.8%

Hafnia Limited's (OB:HAFNI) Share Price Is Matching Sentiment Around Its Earnings

Jun 21
Hafnia Limited's (OB:HAFNI) Share Price Is Matching Sentiment Around Its Earnings

DNO

NOK 10.99

DNO

7D

-1.3%

1Y

16.2%

BWLPG

NOK 197.40

BWG

7D

4.6%

1Y

84.1%

BWG (OB:BWLPG) Is Achieving High Returns On Its Capital

Jun 13
BWG (OB:BWLPG) Is Achieving High Returns On Its Capital

AGAS

NOK 172.20

Avance Gas Holding

7D

6.8%

1Y

90.1%

Here's Why Avance Gas Holding (OB:AGAS) Can Manage Its Debt Responsibly

Jun 12
Here's Why Avance Gas Holding (OB:AGAS) Can Manage Its Debt Responsibly

SEAPT

NOK 3.15

Seacrest Petroleo Bermuda

7D

64.1%

1Y

-67.5%

CLCO

NOK 124.70

Cool

7D

3.7%

1Y

-13.8%

Cool Company Ltd. (OB:CLCO) Just Released Its First-Quarter Earnings: Here's What Analysts Think

May 25
Cool Company Ltd. (OB:CLCO) Just Released Its First-Quarter Earnings: Here's What Analysts Think

EFUEL

NOK 9.41

Everfuel

7D

-7.7%

1Y

-40.1%

ADS

NOK 2.02

ADS Maritime Holding

7D

-2.9%

1Y

-2.4%

KNOX

NOK 0.25

Knox Energy Solutions

7D

-3.1%

1Y

-52.7%