Omani (MSM) Oil and Gas Industry Analysis

Industry Valuation and Performance

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

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 26 Jun 2026	ر.ع6.0b	ر.ع3.7b	ر.ع415.3m	12.1x	14.5x	1.6x
Sun, 24 May 2026	ر.ع6.6b	ر.ع3.7b	ر.ع415.2m	12.2x	15.8x	1.8x
Tue, 21 Apr 2026	ر.ع7.0b	ر.ع3.7b	ر.ع408.3m	13.7x	17.1x	1.9x
Thu, 19 Mar 2026	ر.ع6.6b	ر.ع3.7b	ر.ع406.5m	14.4x	16.3x	1.8x
Sat, 14 Feb 2026	ر.ع6.0b	ر.ع3.3b	ر.ع396.9m	12.3x	15.2x	1.8x
Mon, 12 Jan 2026	ر.ع5.2b	ر.ع3.3b	ر.ع395.9m	11.5x	13.1x	1.6x
Wed, 10 Dec 2025	ر.ع5.1b	ر.ع3.3b	ر.ع395.9m	11x	12.8x	1.5x
Fri, 07 Nov 2025	ر.ع4.7b	ر.ع3.3b	ر.ع393.3m	10.5x	12.1x	1.4x
Sun, 05 Oct 2025	ر.ع4.4b	ر.ع3.3b	ر.ع409.2m	12x	10.7x	1.3x
Tue, 02 Sep 2025	ر.ع4.5b	ر.ع3.3b	ر.ع409.2m	11.5x	11.1x	1.4x
Thu, 31 Jul 2025	ر.ع4.1b	ر.ع3.3b	ر.ع420.6m	11.4x	9.8x	1.3x
Sat, 28 Jun 2025	ر.ع4.1b	ر.ع3.3b	ر.ع419.4m	12.4x	9.7x	1.2x
Mon, 26 May 2025	ر.ع3.7b	ر.ع3.3b	ر.ع419.4m	12.3x	8.8x	1.1x
Wed, 23 Apr 2025	ر.ع3.5b	ر.ع3.3b	ر.ع416.6m	11.9x	8.5x	1.1x
Fri, 21 Mar 2025	ر.ع3.2b	ر.ع2.9b	ر.ع373.0m	11.9x	8.6x	1.1x
Sun, 16 Feb 2025	ر.ع3.2b	ر.ع3.1b	ر.ع632.8m	11.5x	5.1x	1x
Tue, 14 Jan 2025	ر.ع3.5b	ر.ع2.1b	ر.ع61.7m	12.1x	56.7x	1.7x
Thu, 12 Dec 2024	ر.ع3.3b	ر.ع2.1b	ر.ع61.7m	11.6x	54.1x	1.6x
Sat, 09 Nov 2024	ر.ع3.7b	ر.ع2.1b	ر.ع61.8m	12.1x	59.3x	1.8x
Mon, 07 Oct 2024	ر.ع827.7m	ر.ع2.1b	ر.ع63.5m	12.4x	13x	0.4x
Wed, 04 Sep 2024	ر.ع854.1m	ر.ع2.1b	ر.ع63.5m	12.8x	13.4x	0.4x
Fri, 02 Aug 2024	ر.ع830.3m	ر.ع2.1b	ر.ع63.5m	12.4x	13.1x	0.4x
Sun, 30 Jun 2024	ر.ع832.8m	ر.ع2.1b	ر.ع70.7m	12.5x	11.8x	0.4x
Tue, 28 May 2024	ر.ع827.9m	ر.ع2.1b	ر.ع70.8m	11.8x	11.7x	0.4x
Thu, 25 Apr 2024	ر.ع841.3m	ر.ع2.1b	ر.ع68.6m	11.5x	12.3x	0.4x
Sat, 23 Mar 2024	ر.ع852.6m	ر.ع2.1b	ر.ع70.0m	12.2x	12.2x	0.4x
Mon, 19 Feb 2024	ر.ع849.3m	ر.ع2.0b	ر.ع70.5m	11.6x	12x	0.4x
Wed, 17 Jan 2024	ر.ع861.5m	ر.ع2.0b	ر.ع71.5m	11.6x	12.1x	0.4x
Fri, 15 Dec 2023	ر.ع885.1m	ر.ع2.0b	ر.ع71.7m	11.5x	12.4x	0.4x
Sun, 12 Nov 2023	ر.ع867.4m	ر.ع2.0b	ر.ع61.3m	12.8x	14.1x	0.4x
Tue, 10 Oct 2023	ر.ع227.5m	ر.ع2.0b	ر.ع15.6m	11x	14.6x	0.1x
Thu, 07 Sep 2023	ر.ع232.5m	ر.ع2.0b	ر.ع15.6m	11.7x	14.9x	0.1x
Sat, 05 Aug 2023	ر.ع235.6m	ر.ع2.0b	ر.ع18.6m	11.3x	12.6x	0.1x
Mon, 03 Jul 2023	ر.ع249.7m	ر.ع2.0b	ر.ع18.9m	11x	13.2x	0.1x

Current Industry PE

Investors are pessimistic on the Omani 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 14.6x which is lower than its 3-year average PE of 16.5x.

The 3-year average PS ratio of 0.97x is lower than the industry's current PS ratio of 1.6x.

Past Earnings Growth

The earnings for companies in the Oil and Gas industry have grown 180% per year over the last three years.
Revenues for these companies have grown 24% 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 Omani Energy industry?


OM Market	-3.03%
Energy	-4.13%
Oil and Gas	-4.02%
Oil and Gas Refining and Marketing	0.58%
Integrated Oil and Gas	0%	0
Oil and Gas Exploration and Production	0%	0
Oil and Gas Storage and Transportation	-2.24%

Industry PE

Investors are most optimistic about the Oil and Gas Storage and Transportation industry which is trading above its 3-year average PE ratio of 15.1x.

Analysts are expecting annual earnings growth of 6.9%, which is lower than the prior year's growth of 24.8% per year.

Investors are most pessimistic about the Integrated Oil and Gas industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average.

Forecasted Growth

Analysts are most optimistic on the Oil and Gas Storage and Transportation industry, expecting annual earnings growth of 6.9% over the next 5 years.
However this is lower than its past earnings growth rate of 25% per year.

In contrast, the Oil and Gas Refining and Marketing industry is expected to see its earnings growth to stay flat over the next few years.

	Company	Last Price	7D	1Y	Valuation
	MHAS Al Maha Petroleum Products Marketing Company SAOG	ر.ع1.14	8.1% +ر.ع5.9m	26.2%	PE10.8x

Company

Last Price

Valuation

MHAS Al Maha Petroleum Products Marketing Company SAOG

ر.ع1.14

8.1%
+ر.ع5.9m

26.2%

PE10.8x

National Gas Company SAOG's Subsidiary NGC Energy Saudi Arabia Receives Two Licenses To Establish LPG Cylinder Filling, Storage And Bulk Distribution Facilities

National Gas Company SAOG disclosed that its wholly owned subsidiary, NGC Energy, Saudi Arabia, has been granted on June 11, 2026 the following two licenses from the competent authorities in the Kingdom of Saudi Arabia: Cylinder Filling license: License to establish facilities for the filling and storage of Liquefied Petroleum Gas (LPG). This license permits the establishment of LPG cylinder refilling and storage facilities. These facilities are planned to serve the high-demand Jeddah and Jizan regions, representing a combined population of approximately 6,500,000 people. Expected annual volume as per Ministry of Energy’s projection for 2030 would be 36,400,000 cylinders (size - 21 liters) of LPG. The Company anticipates that the development of the proposed LPG facilities, including identification of suitable land for the two plants and obtaining the required regulatory, compliance, civil defense, and other statutory approvals, is expected to take approximately 24 months. LPG Bulk License: License for wholesale distribution of Liquefied Petroleum Gas (LPG Bulk License). This license authorizes the large-scale distribution of LPG to consumers across the Kingdom of Saudi Arabia, serving a national market of approximately 35,000,000 residents. Expected annual volume as per Ministry of Energy’s projection for 2030 would be 676,000,000 liters of LPG for Bulk. The commencement of the LPG Bulk License wholesale LPG distribution operations is expected to take approximately 12 months. In connection with the above, the Company has entered into a Memorandum of Understanding (MoU) with Zamil Group Investment Company, which is one of the companies of Zamil Holding Group, a group in diversified industrial and investment sectors headquartered in the Kingdom of Saudi Arabia. Following the receipt of the requisite regulatory approvals and fulfilment of customary conditions, the parties intend to enter into definitive agreements in respect of the licensed businesses. The two licenses are expected to contribute to the Group’s revenue and profitability after commencement of commercial operations. The Company will make further announcements in accordance with the disclosure requirements of the MSX as and when there are material developments.

Omani (MSM) Oil and Gas Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

Price target increased by 12% to ر.ع0.24

National Gas Company SAOG's Subsidiary NGC Energy Saudi Arabia Receives Two Licenses To Establish LPG Cylinder Filling, Storage And Bulk Distribution Facilities

OQGN: High P/E And Dividend Policy Will Likely Support Fair Valuation

Price target increased by 23% to ر.ع1.11

Dividend of ر.ع0.0072 announced

New major risk - Revenue and earnings growth