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Norwegian (OSEAX) Energy Sector Analysis

UpdatedJul 01, 2024
DataAggregated Company Financials
Companies60
  • 7D3.4%
  • 3M3.8%
  • 1Y5.3%
  • YTD-1.4%

The Energy industry is up 3.4% in the last week, with Equinor up 3.4%. In the last 12 months, the industry was up 5.3%. Looking forward, earnings are forecast to grow by 1.1% annually.

Sector Valuation and Performance

Has the Norwegian Energy Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 02 Jul 2024NOK 1.5tNOK 1.6tNOK 157.8b8.1x9.6x0.9x
Thu, 30 May 2024NOK 1.5tNOK 1.6tNOK 155.5b9x9.6x0.9x
Sat, 27 Apr 2024NOK 1.5tNOK 1.7tNOK 161.7b8.4x9.2x0.9x
Mon, 25 Mar 2024NOK 1.4tNOK 1.7tNOK 181.8b7.5x7.9x0.8x
Wed, 21 Feb 2024NOK 1.3tNOK 1.6tNOK 174.5b7.1x7.7x0.8x
Fri, 19 Jan 2024NOK 1.5tNOK 1.8tNOK 239.4b6.9x6.2x0.8x
Sun, 17 Dec 2023NOK 1.6tNOK 1.7tNOK 237.6b6.4x6.6x0.9x
Tue, 14 Nov 2023NOK 1.8tNOK 1.8tNOK 249.0b7.2x7x1x
Thu, 12 Oct 2023NOK 1.7tNOK 2.0tNOK 317.2b7x5.3x0.8x
Sat, 09 Sep 2023NOK 1.6tNOK 2.0tNOK 311.5b7.4x5.3x0.8x
Mon, 07 Aug 2023NOK 1.5tNOK 1.8tNOK 288.0b8.9x5.3x0.8x
Wed, 05 Jul 2023NOK 1.5tNOK 2.1tNOK 353.0b8x4.3x0.7x
Fri, 02 Jun 2023NOK 1.4tNOK 2.1tNOK 368.2b8.2x3.8x0.7x
Sun, 30 Apr 2023NOK 1.5tNOK 2.1tNOK 388.0b8.9x3.8x0.7x
Tue, 28 Mar 2023NOK 1.4tNOK 2.1tNOK 388.9b7.8x3.6x0.7x
Thu, 23 Feb 2023NOK 1.5tNOK 2.0tNOK 389.5b8x4x0.8x
Sat, 21 Jan 2023NOK 1.5tNOK 1.9tNOK 324.3b8.3x4.7x0.8x
Mon, 19 Dec 2022NOK 1.7tNOK 1.9tNOK 324.3b7.6x5.1x0.9x
Wed, 16 Nov 2022NOK 1.7tNOK 1.9tNOK 321.5b10.6x5.3x0.9x
Fri, 14 Oct 2022NOK 1.7tNOK 1.8tNOK 239.8b8x7.2x1x
Sun, 11 Sep 2022NOK 1.7tNOK 1.7tNOK 224.4b8.7x7.6x1x
Tue, 09 Aug 2022NOK 1.7tNOK 1.6tNOK 216.5b9.4x7.6x1x
Thu, 07 Jul 2022NOK 1.5tNOK 1.5tNOK 176.4b8.5x8.7x1x
Sat, 04 Jun 2022NOK 1.6tNOK 1.4tNOK 165.0b10.4x9.9x1.2x
Mon, 02 May 2022NOK 1.5tNOK 1.2tNOK 96.7b9.4x15.3x1.3x
Wed, 30 Mar 2022NOK 1.4tNOK 1.0tNOK 87.6b9.9x15.5x1.3x
Fri, 25 Feb 2022NOK 1.3tNOK 1.1tNOK 102.6b7.7x12.3x1.2x
Sun, 23 Jan 2022NOK 1.1tNOK 825.6bNOK 38.8b8.7x29.3x1.4x
Tue, 21 Dec 2021NOK 998.6bNOK 842.1bNOK 39.6b7.7x25.2x1.2x
Thu, 18 Nov 2021NOK 1.0tNOK 811.7bNOK 37.6b8.3x27.3x1.3x
Sat, 16 Oct 2021NOK 1.0tNOK 667.7bNOK 3.4b7.1x297.6x1.5x
Mon, 13 Sep 2021NOK 868.4bNOK 683.0bNOK 3.1b5.5x282.5x1.3x
Wed, 11 Aug 2021NOK 811.5bNOK 684.5bNOK 2.9b5.3x280.4x1.2x
Price to Earnings Ratio

288.5x


Total Market Cap: NOK 834.9bTotal Earnings: NOK 2.9bTotal Revenue: NOK 684.5bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Sector Price to Earnings3Y Average 99.4x202220232024
Current Industry PE
  • Investors are pessimistic on the Norwegian Energy 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 9.6x which is lower than its 3-year average PE of 100x.
  • The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 0.93x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have grown 279% per year over the last three years.
  • Revenues for these companies have grown 34% 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 sector?

NO Market0.90%
Energy3.41%
Energy Services3.45%
Oil and Gas3.40%
Industry PE
  • Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 555x.
    • Analysts are expecting annual earnings growth of 30.4%, which is lower than the prior year's growth of 68.2% per year.
  • Investors are most pessimistic about the Oil and Gas industry, which is trading below its 3-year average of 98.8x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 30% over the next 5 years.
  • However this is lower than its past earnings growth rate of 68% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings decline by 3.4% 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 305.503.9%
+NOK 33.0b		-3.3%PE8.7x
AKRBP Aker BPNOK 275.403.6%
+NOK 6.0b		6.0%PE9.7x
VAR Vår EnergiNOK 38.136.4%
+NOK 5.7b		29.7%PE17.9x
HAFNI HafniaNOK 87.002.7%
+NOK 1.4b		59.5%PE5.5x
SUBC Subsea 7NOK 201.602.3%
+NOK 1.4b		48.2%PE90.6x
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Latest News

EQNR

NOK 305.50

Equinor

7D

3.9%

1Y

-3.3%

We Like Equinor's (OB:EQNR) Returns And Here's How They're Trending

Jul 01
We Like Equinor's (OB:EQNR) Returns And Here's How They're Trending

SUBC

NOK 201.60

Subsea 7

7D

2.3%

1Y

48.2%

VAR

NOK 38.13

Vår Energi

7D

6.4%

1Y

29.7%

DOFG

NOK 97.00

DOF Group

7D

5.5%

1Y

173.2%

DOF Group (OB:DOFG) Seems To Use Debt Quite Sensibly

Jun 27
DOF Group (OB:DOFG) Seems To Use Debt Quite Sensibly

REACH

NOK 8.08

Reach Subsea

7D

-2.7%

1Y

117.2%

AKRBP

NOK 275.40

Aker BP

7D

3.6%

1Y

6.0%

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

HAFNI

NOK 87.00

Hafnia

7D

2.7%

1Y

59.5%

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

OET

NOK 331.00

Okeanis Eco Tankers

7D

-2.1%

1Y

38.2%

Okeanis Eco Tankers (OB:OET) Takes On Some Risk With Its Use Of Debt

Jun 19
Okeanis Eco Tankers (OB:OET) Takes On Some Risk With Its Use Of Debt

HERMA

NOK 2.45

Hermana Holding

7D

-8.1%

1Y

n/a

IOX

NOK 7.25

Interoil Exploration and Production

7D

-16.8%

1Y

-11.9%

Further Upside For Interoil Exploration and Production ASA (OB:IOX) Shares Could Introduce Price Risks After 212% Bounce

Jun 17
Further Upside For Interoil Exploration and Production ASA (OB:IOX) Shares Could Introduce Price Risks After 212% Bounce

BWLPG

NOK 198.90

BWG

7D

5.1%

1Y

85.2%

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

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

BBERG

NOK 25.80

Beerenberg

7D

-4.1%

1Y

n/a

EFUEL

NOK 9.30

Everfuel

7D

-5.6%

1Y

-41.7%

ODL

NOK 58.70

Odfjell Drilling

7D

7.5%

1Y

122.3%

AKAST

NOK 15.90

Akastor

7D

-0.6%

1Y

43.5%

Akastor ASA's (OB:AKAST) Shares Climb 26% But Its Business Is Yet to Catch Up

May 01
Akastor ASA's (OB:AKAST) Shares Climb 26% But Its Business Is Yet to Catch Up

AQUIL

NOK 0.82

Aquila Holdings

7D

-9.5%

1Y

-22.3%