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Norwegian (OSEAX) Oil and Gas Industry Analysis

UpdatedAug 11, 2024
DataAggregated Company Financials
Companies23
  • 7D2.7%
  • 3M-6.2%
  • 1Y-8.4%
  • YTD-8.3%

In the last week, the Oil and Gas industry is up 2.7%, with Equinor up 3.4%. In the same time, BWG was down 9.6%. In the past year, the industry is down 8.4%. In the next few years, earnings are forecast to decline by 4.1% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Aug 2024NOK 1.2tNOK 1.4tNOK 144.2b5.5x8.2x0.8x
Wed, 10 Jul 2024NOK 1.2tNOK 1.4tNOK 138.5b5.7x8.5x0.9x
Fri, 07 Jun 2024NOK 1.3tNOK 1.4tNOK 142.9b5.6x8.8x0.9x
Sun, 05 May 2024NOK 1.3tNOK 1.4tNOK 147.6b7.7x8.6x0.9x
Tue, 02 Apr 2024NOK 1.2tNOK 1.5tNOK 170.0b6.6x7.2x0.8x
Thu, 29 Feb 2024NOK 1.1tNOK 1.4tNOK 166.0b5.6x6.9x0.8x
Sat, 27 Jan 2024NOK 1.3tNOK 1.5tNOK 225.6b5.1x5.7x0.9x
Mon, 25 Dec 2023NOK 1.4tNOK 1.5tNOK 221.1b5.4x6.2x0.9x
Wed, 22 Nov 2023NOK 1.5tNOK 1.5tNOK 230.2b5.7x6.4x1x
Fri, 20 Oct 2023NOK 1.5tNOK 1.8tNOK 316.8b5.4x4.9x0.9x
Sun, 17 Sep 2023NOK 1.5tNOK 1.8tNOK 309.6b5.1x4.7x0.8x
Tue, 15 Aug 2023NOK 1.3tNOK 1.7tNOK 298.8b6.9x4.5x0.8x
Thu, 13 Jul 2023NOK 1.3tNOK 1.8tNOK 336.3b6.4x3.9x0.7x
Sat, 10 Jun 2023NOK 1.3tNOK 1.9tNOK 357.1b5.9x3.7x0.7x
Mon, 08 May 2023NOK 1.3tNOK 1.9tNOK 349.9b6.9x3.7x0.7x
Wed, 05 Apr 2023NOK 1.3tNOK 1.9tNOK 344.7b6.8x3.8x0.7x
Fri, 03 Mar 2023NOK 1.4tNOK 1.9tNOK 349.1b7.2x4.1x0.7x
Sun, 29 Jan 2023NOK 1.4tNOK 1.7tNOK 280.7b7.5x4.8x0.8x
Tue, 27 Dec 2022NOK 1.6tNOK 1.7tNOK 280.1b8.5x5.6x0.9x
Thu, 24 Nov 2022NOK 1.6tNOK 1.8tNOK 282.4b8.2x5.6x0.9x
Sat, 22 Oct 2022NOK 1.6tNOK 1.6tNOK 205.7b9x7.7x1x
Mon, 19 Sep 2022NOK 1.6tNOK 1.6tNOK 198.1b8.4x7.9x1x
Wed, 17 Aug 2022NOK 1.6tNOK 1.5tNOK 186.5b9.8x8.6x1.1x
Fri, 15 Jul 2022NOK 1.4tNOK 1.3tNOK 147.8b8.5x9.6x1.1x
Sun, 12 Jun 2022NOK 1.5tNOK 1.3tNOK 139.7b10x10.7x1.2x
Tue, 10 May 2022NOK 1.3tNOK 1.2tNOK 138.4b9.4x9.7x1.1x
Thu, 07 Apr 2022NOK 1.4tNOK 935.1bNOK 94.7b11.8x14.7x1.5x
Sat, 05 Mar 2022NOK 1.2tNOK 942.7bNOK 97.4b8.8x12.7x1.3x
Mon, 31 Jan 2022NOK 1.1tNOK 703.6bNOK 34.8b15.2x30.8x1.5x
Wed, 29 Dec 2021NOK 1.0tNOK 689.3bNOK 34.1b14.3x30.1x1.5x
Fri, 26 Nov 2021NOK 926.4bNOK 701.8bNOK 35.3b12.6x26.3x1.3x
Sun, 24 Oct 2021NOK 944.0bNOK 547.5bNOK 788.8m11.7x1196.8x1.7x
Tue, 21 Sep 2021NOK 800.3bNOK 569.5bNOK 768.9m10x1040.8x1.4x
Thu, 19 Aug 2021NOK 730.1bNOK 563.6bNOK 770.6m7.2x947.4x1.3x
Price to Earnings Ratio

947.4x


Total Market Cap: NOK 730.1bTotal 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 85.3x202220232024
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 8.2x which is lower than its 3-year average PE of 86.2x.
  • The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.81x.
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 37% 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 Market0.54%
Energy1.65%
Oil and Gas2.65%
Integrated Oil and Gas3.37%
Oil and Gas Storage and Transportation1.19%
Oil and Gas Exploration and Production1.07%
Oil and Gas Refining and Marketing-0.58%
Coal and Fuels-6.27%
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 14.5x.
    • Analysts expect its future annual earnings growth (5.1%) 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
EQNR EquinorNOK 294.603.4%
+NOK 25.9b		-11.5%PE7.8x
VAR Vår EnergiNOK 34.412.7%
+NOK 2.2b		10.5%PE12.9x
AGAS Avance Gas HoldingNOK 166.408.2%
+NOK 965.1m		65.1%PE4.3x
AKRBP Aker BPNOK 254.000.4%
+NOK 631.2m		-11.4%PE8x
BNOR BlueNordNOK 499.502.4%
+NOK 304.5m		4.3%PE42.2x
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Latest News

OET

NOK 323.00

Okeanis Eco Tankers

7D

-0.3%

1Y

21.7%

EQNR

NOK 294.60

Equinor

7D

3.4%

1Y

-11.5%

BNOR

NOK 499.50

BlueNord

7D

2.4%

1Y

4.3%

VAR

NOK 34.41

Vår Energi

7D

2.7%

1Y

10.5%

AGAS

NOK 166.40

Avance Gas Holding

7D

8.2%

1Y

65.1%

The Market Doesn't Like What It Sees From Avance Gas Holding Ltd's (OB:AGAS) Earnings Yet

Aug 02
The Market Doesn't Like What It Sees From Avance Gas Holding Ltd's (OB:AGAS) Earnings Yet

BWE

NOK 29.30

BW Energy

7D

-0.7%

1Y

-4.2%

SEAPT

NOK 0.95

Seacrest Petroleo Bermuda

7D

8.0%

1Y

-91.9%

AKRBP

NOK 254.00

Aker BP

7D

0.4%

1Y

-11.4%

HAFNI

NOK 81.60

Hafnia

7D

0.4%

1Y

39.5%

DNO

NOK 10.62

DNO

7D

-0.6%

1Y

4.0%

PNOR

NOK 9.78

PetroNor E&P

7D

-1.7%

1Y

13.6%

PEN

NOK 30.65

Panoro Energy

7D

-0.6%

1Y

-4.2%

BWLPG

NOK 175.00

BWG

7D

-9.6%

1Y

77.1%

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

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

CLCO

NOK 123.10

Cool

7D

-2.8%

1Y

-16.0%

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 8.66

Everfuel

7D

-6.4%

1Y

-39.5%

BWEK

NOK 24.40

BW Epic Kosan

7D

2.5%

1Y

25.8%