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Norwegian (OSEAX) Energy Sector Analysis

UpdatedNov 28, 2022
DataAggregated Company Financials
Companies60
  • 7D5.0%
  • 3M-8.0%
  • 1Y57.4%
  • YTD48.6%

Over the last 7 days, the Energy industry has risen 5.0%, driven by gains from Equinor of 6.6%. Meanwhile, Hafnia actually underperformed within the industry, shrinking 7.4% in the last week. This means that the industry has gained 57% over the past year. Looking forward, earnings are forecast to decline by 15% per year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 29 Nov 2022kr1.7tkr1.9tkr322.8b7.6x5.4x0.9x
Thu, 27 Oct 2022kr1.7tkr1.8tkr236.8b9.7x7.2x1x
Sat, 24 Sep 2022kr1.6tkr1.8tkr239.5b7.6x6.6x0.9x
Mon, 22 Aug 2022kr1.8tkr1.7tkr219.1b9.1x8x1.1x
Wed, 20 Jul 2022kr1.5tkr1.5tkr176.3b9x8.8x1x
Fri, 17 Jun 2022kr1.6tkr1.5tkr174.2b9x9.1x1.1x
Sun, 15 May 2022kr1.5tkr1.4tkr129.4b9x11.7x1.1x
Tue, 12 Apr 2022kr1.5tkr1.1tkr90.0b9.8x16.2x1.4x
Thu, 10 Mar 2022kr1.3tkr1.1tkr89.8b9.6x14.6x1.2x
Sat, 05 Feb 2022kr1.2tkr818.8bkr38.6b9.6x30.7x1.4x
Mon, 03 Jan 2022kr1.1tkr820.5bkr38.6b8.8x27.9x1.3x
Wed, 01 Dec 2021kr983.5bkr848.0bkr40.0b7.6x24.6x1.2x
Fri, 29 Oct 2021kr1.0tkr773.5bkr32.6b7.5x31.2x1.3x
Sun, 26 Sep 2021kr899.6bkr682.5bkr3.2b5.8x279.3x1.3x
Tue, 24 Aug 2021kr820.3bkr684.5bkr2.9b5.4x283.4x1.2x
Wed, 30 Jun 2021kr834.9bkr684.5bkr2.9b5.8x288.5x1.2x
Sat, 03 Apr 2021kr775.4bkr581.5b-kr25,971,313,964.805.2x-29.9x1.3x
Tue, 05 Jan 2021kr687.7bkr572.8b-kr64,365,903,237.014.3x-10.7x1.2x
Fri, 09 Oct 2020kr578.9bkr650.6b-kr53,472,690,641.206.8x-10.8x0.9x
Thu, 02 Jul 2020kr610.5bkr722.3b-kr43,646,924,198.057.8x-14x0.8x
Sun, 05 Apr 2020kr563.1bkr879.1b-kr19,136,668,438.033.8x-29.4x0.6x
Wed, 08 Jan 2020kr877.5bkr769.5bkr12.6b17.6x69.9x1.1x
Price to Earnings Ratio

17.4x


Total Market Cap: kr836.5bTotal Earnings: kr47.9bTotal Revenue: kr838.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Norwegian Energy Sector Price to Earnings3Y Average 99.4x202020212022
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 5.4x 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 0.91x.
Past Earnings Growth
  • The earnings for companies in the Energy industry have grown 89% per year over the last three years.
  • Revenues for these companies have grown 32% 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 Market3.17%
Energy5.00%
Oil and Gas5.38%
Energy Services0.78%
Industry PE
  • Investors are most optimistic about the Oil and Gas industry which is trading above its 3-year average PE ratio.
    • Analysts are expecting annual earnings decline of 19.5%, which is lower than the prior year's growth of 143.0% per year.
  • Investors are most pessimistic about the Energy Services industry, which is trading below its 3-year average of 550x.
Forecasted Growth
  • Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 47% over the next 5 years.
  • This is better than its past earnings decline of 31% per year.
  • In contrast, the Oil and Gas industry is expected to see its earnings decline by 19% 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 Equinorkr362.356.6%
+kr70.4b
59.5%PE4.8x
VAR Vår Energikr34.866.3%
+kr5.2b
n/aPE13.6x
AKRBP Aker BPkr330.700.6%
+kr1.3b
15.5%PE11.2x
FLNG FLEX LNGkr359.003.6%
+kr671.2m
63.8%PE8.9x
SUBC Subsea 7kr106.351.5%
+kr464.3m
64.2%PE116.7x
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Latest News

OET

kr178.60

Okeanis Eco Tankers

7D

-8.9%

1Y

138.1%

OTL

kr31.73

Odfjell Technology

7D

30.0%

1Y

n/a

COOL

kr120.00

Cool

7D

-3.9%

1Y

n/a

BWLPG

kr85.70

BWG

7D

-3.9%

1Y

92.0%

SUBC

kr106.35

Subsea 7

7D

1.5%

1Y

64.2%

EFUEL

kr45.70

Everfuel

7D

-16.9%

1Y

-9.0%

FLNG

kr359.00

FLEX LNG

7D

3.6%

1Y

63.8%

EQNR

kr362.35

Equinor

7D

6.6%

1Y

59.5%

HAFNI

kr52.90

Hafnia

7D

-7.4%

1Y

217.5%

SOFF

kr23.80

Solstad Offshore

7D

-11.7%

1Y

380.8%

BORR

kr45.27

Borr Drilling

7D

-3.3%

1Y

141.2%

VAR

kr34.86

Vår Energi

7D

6.3%

1Y

n/a

NOR

kr376.00

Norwegian Energy

7D

4.4%

1Y

150.7%

AKRBP

kr330.70

Aker BP

7D

0.6%

1Y

15.5%

PGS

kr5.57

PGS

7D

-8.0%

1Y

62.2%

SDRL

kr326.55

Seadrill

7D

2.6%

1Y

n/a