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Norwegian (OSEAX) Oil and Gas Industry Analysis

UpdatedJul 26, 2024
DataAggregated Company Financials
Companies23
  • 7D-3.2%
  • 3M-6.2%
  • 1Y-3.7%
  • YTD-9.9%

Over the last 7 days, the Oil and Gas industry has dropped 3.2%, driven by Equinor declining 3.0%. However, the industry is down 3.7% over the past year. Looking forward, earnings are forecast to decline by 3.4% per year.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jul 2024NOK 1.2tNOK 1.5tNOK 147.4b5.4x7.8x0.8x
Sun, 23 Jun 2024NOK 1.3tNOK 1.4tNOK 143.1b5.3x8.8x0.9x
Tue, 21 May 2024NOK 1.3tNOK 1.4tNOK 145.0b8.3x8.8x0.9x
Thu, 18 Apr 2024NOK 1.3tNOK 1.5tNOK 172.2b6.8x7.5x0.9x
Sat, 16 Mar 2024NOK 1.2tNOK 1.5tNOK 166.7b6.6x7.1x0.8x
Mon, 12 Feb 2024NOK 1.2tNOK 1.4tNOK 169.3b6.2x7x0.8x
Wed, 10 Jan 2024NOK 1.3tNOK 1.5tNOK 224.0b5.3x6x0.9x
Fri, 08 Dec 2023NOK 1.4tNOK 1.6tNOK 235.4b5x5.9x0.9x
Sun, 05 Nov 2023NOK 1.5tNOK 1.6tNOK 241.8b6.2x6.3x1x
Tue, 03 Oct 2023NOK 1.4tNOK 1.8tNOK 310.9b5.3x4.6x0.8x
Thu, 31 Aug 2023NOK 1.4tNOK 1.7tNOK 301.9b5.5x4.5x0.8x
Sat, 29 Jul 2023NOK 1.3tNOK 1.7tNOK 289.9b6.3x4.4x0.8x
Mon, 26 Jun 2023NOK 1.3tNOK 1.9tNOK 359.4b6.3x3.6x0.7x
Wed, 24 May 2023NOK 1.3tNOK 1.9tNOK 365.0b6.7x3.6x0.7x
Fri, 21 Apr 2023NOK 1.3tNOK 1.9tNOK 354.1b6.4x3.7x0.7x
Sun, 19 Mar 2023NOK 1.3tNOK 1.9tNOK 358.3b6.3x3.5x0.6x
Tue, 14 Feb 2023NOK 1.4tNOK 1.8tNOK 329.8b8.2x4.4x0.8x
Thu, 12 Jan 2023NOK 1.4tNOK 1.8tNOK 283.8b7.7x4.8x0.8x
Sat, 10 Dec 2022NOK 1.5tNOK 1.8tNOK 282.8b8.2x5.4x0.9x
Mon, 07 Nov 2022NOK 1.7tNOK 1.8tNOK 286.8b10.3x6x0.9x
Wed, 05 Oct 2022NOK 1.6tNOK 1.6tNOK 203.3b8.3x7.9x1x
Fri, 02 Sep 2022NOK 1.7tNOK 1.5tNOK 195.4b8.7x8.5x1.1x
Sun, 31 Jul 2022NOK 1.6tNOK 1.5tNOK 185.8b9.5x8.6x1.1x
Tue, 28 Jun 2022NOK 1.4tNOK 1.3tNOK 141.0b9.3x9.9x1.1x
Thu, 26 May 2022NOK 1.5tNOK 1.2tNOK 137.6b10.4x10.8x1.2x
Sat, 23 Apr 2022NOK 1.4tNOK 951.9bNOK 96.4b9.9x14.3x1.4x
Mon, 21 Mar 2022NOK 1.2tNOK 930.1bNOK 93.3b9x12.3x1.2x
Wed, 16 Feb 2022NOK 1.1tNOK 889.7bNOK 89.3b10.4x11.9x1.2x
Fri, 14 Jan 2022NOK 1.0tNOK 679.5bNOK 33.6b14.9x31x1.5x
Sun, 12 Dec 2021NOK 933.3bNOK 702.3bNOK 34.9b13.7x26.8x1.3x
Tue, 09 Nov 2021NOK 950.8bNOK 666.7bNOK 33.4b13.8x28.4x1.4x
Thu, 07 Oct 2021NOK 930.5bNOK 563.5bNOK 805.1m11.5x1155.8x1.7x
Sat, 04 Sep 2021NOK 777.4bNOK 563.6bNOK 770.6m8.4x1008.8x1.4x
Mon, 02 Aug 2021NOK 723.7bNOK 563.6bNOK 770.6m6.8x939.1x1.3x
Price to Earnings Ratio

939.1x


Total Market Cap: NOK 723.7bTotal 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 96.8x202220232024
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 7.8x which is lower than its 3-year average PE of 96.8x.
  • The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.78x.
Past Earnings Growth
  • The earnings for companies in the Oil and Gas industry have grown 476% per year over the last three years.
  • Revenues for these companies have grown 38% 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 Market-1.27%
Energy-2.71%
Oil and Gas-3.23%
Oil and Gas Storage and Transportation1.47%
Oil and Gas Refining and Marketing-0.58%
Coal and Fuels-0.62%
Oil and Gas Exploration and Production-1.67%
Integrated Oil and Gas-4.23%
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 14.7x.
    • Analysts expect its future annual earnings growth (5.8%) to be largely in line with prior year's earnings growth.
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 15% 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
HAFNI HafniaNOK 86.653.7%
+NOK 1.6b		65.5%PE5.3x
OET Okeanis Eco TankersNOK 346.006.5%
+NOK 676.1m		46.3%PE7.4x
AGAS Avance Gas HoldingNOK 155.403.1%
+NOK 352.3m		83.9%PE3.9x
CLCO CoolNOK 135.703.4%
+NOK 241.7m		0.07%PE4.6x
BWEK BW Epic KosanNOK 24.402.5%
+NOK 95.7m		25.8%PE11.1x
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