Does BWG (OB:BWLPG) Deserve A Spot On Your Watchlist?
May 10
Norwegian (OSEAX) Energy Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies56
- 7D-3.2%
- 3M11.9%
- 1Y6.6%
- YTD-3.8%
Over the last 7 days, the Energy industry has dropped 3.2%, driven by a pullback from Equinor of 4.5%. In contrast, Avance Gas Holding has gained 14%. In the past year, the industry has gained 6.6%. Earnings are forecast to be flat in the coming years.
Sector Valuation and Performance
Has the Norwegian Energy Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | kr1.5t | kr1.6t | kr157.2b | 9x | 9.4x | 0.9x |
| Tue, 16 Apr 2024 | kr1.5t | kr1.7t | kr181.4b | 8.2x | 8.2x | 0.9x |
| Thu, 14 Mar 2024 | kr1.4t | kr1.7t | kr177.4b | 7.4x | 7.8x | 0.8x |
| Sat, 10 Feb 2024 | kr1.4t | kr1.7t | kr179.2b | 6.7x | 7.7x | 0.8x |
| Mon, 08 Jan 2024 | kr1.6t | kr1.7t | kr234.2b | 7.2x | 6.9x | 0.9x |
| Wed, 06 Dec 2023 | kr1.6t | kr1.8t | kr247.9b | 6.2x | 6.4x | 0.9x |
| Fri, 03 Nov 2023 | kr1.8t | kr1.8t | kr251.9b | 7.8x | 7.1x | 1x |
| Sun, 01 Oct 2023 | kr1.7t | kr2.0t | kr312.6b | 7.4x | 5.3x | 0.8x |
| Tue, 29 Aug 2023 | kr1.6t | kr2.0t | kr310.3b | 7.4x | 5.1x | 0.8x |
| Thu, 27 Jul 2023 | kr1.5t | kr2.0t | kr337.8b | 8.7x | 4.4x | 0.7x |
| Sat, 24 Jun 2023 | kr1.5t | kr2.1t | kr360.2b | 7.9x | 4.1x | 0.7x |
| Mon, 22 May 2023 | kr1.5t | kr2.1t | kr401.1b | 8.8x | 3.7x | 0.7x |
| Wed, 19 Apr 2023 | kr1.5t | kr2.1t | kr349.1b | 9.1x | 4.3x | 0.7x |
| Fri, 17 Mar 2023 | kr1.4t | kr2.1t | kr398.4b | 7.2x | 3.6x | 0.7x |
| Sun, 12 Feb 2023 | kr1.6t | kr2.0t | kr378.0b | 8x | 4.3x | 0.8x |
| Tue, 10 Jan 2023 | kr1.5t | kr1.9t | kr323.3b | 7.6x | 4.7x | 0.8x |
| Thu, 08 Dec 2022 | kr1.7t | kr1.9t | kr329.2b | 7.5x | 5.1x | 0.9x |
| Sat, 05 Nov 2022 | kr1.9t | kr2.0t | kr331.4b | 8.8x | 5.6x | 0.9x |
| Mon, 03 Oct 2022 | kr1.7t | kr1.8t | kr245.5b | 8.4x | 6.8x | 0.9x |
| Wed, 31 Aug 2022 | kr1.8t | kr1.7t | kr219.4b | 9.1x | 8.3x | 1.1x |
| Fri, 29 Jul 2022 | kr1.7t | kr1.5t | kr171.9b | 9.5x | 9.6x | 1.1x |
| Sun, 26 Jun 2022 | kr1.5t | kr1.4t | kr171.6b | 9.2x | 8.6x | 1x |
| Tue, 24 May 2022 | kr1.6t | kr1.4t | kr126.8b | 9.8x | 12.3x | 1.1x |
| Thu, 21 Apr 2022 | kr1.5t | kr1.1t | kr90.5b | 10x | 16.7x | 1.4x |
| Sat, 19 Mar 2022 | kr1.2t | kr1.1t | kr88.6b | 9.1x | 14x | 1.2x |
| Mon, 14 Feb 2022 | kr1.2t | kr1.0t | kr92.6b | 9.2x | 13.2x | 1.2x |
| Wed, 12 Jan 2022 | kr1.1t | kr818.8b | kr38.6b | 9.8x | 28.7x | 1.4x |
| Fri, 10 Dec 2021 | kr1.0t | kr838.6b | kr39.5b | 7.8x | 25.8x | 1.2x |
| Sun, 07 Nov 2021 | kr1.0t | kr794.1b | kr36.9b | 8.7x | 27.4x | 1.3x |
| Tue, 05 Oct 2021 | kr1.0t | kr680.7b | kr3.3b | 6.4x | 305.7x | 1.5x |
| Thu, 02 Sep 2021 | kr842.8b | kr684.5b | kr2.9b | 5.6x | 291.2x | 1.2x |
| Sat, 31 Jul 2021 | kr780.9b | kr684.5b | kr2.9b | 5.2x | 269.8x | 1.1x |
Price to Earnings Ratio
-31.3x
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 9.4x which is lower than its 3-year average PE of 105x.
- The 3-year average PS ratio of 4.1x is higher than the industry's current PS ratio of 0.90x.
Past Earnings Growth
- Total earnings for the Energy industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 41% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Trends
Which industries have driven the changes within the Norwegian Energy sector?
| NO Market | -1.02% | |
| Energy | -3.18% | |
| Energy Services | -1.22% | |
| Oil and Gas | -3.47% | |
Industry PE
- Investors are most optimistic about the Energy Services industry even though it's trading below its 3-year average PE ratio of 546x.
- Analysts are expecting annual earnings growth of 28.7%, which is lower than the prior year's growth of 60.8% per year.
- Investors are most pessimistic about the Oil and Gas industry, which is trading below its 3-year average of 124x.
Forecasted Growth
- Analysts are most optimistic on the Energy Services industry, expecting annual earnings growth of 29% over the next 5 years.
- However this is lower than its past earnings growth rate of 61% per year.
- In contrast, the Oil and Gas industry is expected to see its earnings decline by 3.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AGAS Avance Gas Holding | kr198.00 | 14.2% +kr1.9b | 169.8% | PE5.2x | |
| BWLPG BWG | kr178.90 | 3.7% +kr843.2m | 92.7% | PE4.7x | |
| SUBC Subsea 7 | kr188.60 | 0.9% +kr434.5m | 62.6% | PE84.8x | |
| HAFNI Hafnia | kr89.05 | 0.8% +kr354.8m | 60.9% | PE5.6x | |
| OET Okeanis Eco Tankers | kr370.00 | 2.2% +kr257.6m | 46.8% | PE8.2x |