Concerns Surrounding Magnora's (OB:MGN) Performance
Apr 24
Norwegian (OSEAX) Oil and Gas Services Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies23
- 7D-0.9%
- 3M26.7%
- 1Y23.7%
- YTDn/a
The Oil and Gas Services industry has been flat over the last week, but Sea1 Offshore has lost 7.7%. The past year has been better, since the industry has gained 26% in that time. As for the next few years, earnings are expected to grow by 25% per annum.
Industry Valuation and Performance
Has the Norwegian Oil and Gas Services Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | kr148.0b | kr163.0b | kr10.6b | 13.1x | 14x | 0.9x |
| Tue, 16 Apr 2024 | kr143.8b | kr158.3b | kr8.8b | 10.2x | 16.4x | 0.9x |
| Thu, 14 Mar 2024 | kr128.2b | kr154.7b | kr8.6b | 9.1x | 14.9x | 0.8x |
| Sat, 10 Feb 2024 | kr113.9b | kr153.2b | kr7.0b | 8.7x | 16.3x | 0.7x |
| Mon, 08 Jan 2024 | kr133.0b | kr181.2b | kr8.7b | 8.5x | 15.3x | 0.7x |
| Wed, 06 Dec 2023 | kr125.0b | kr186.5b | kr8.9b | 7.8x | 14.1x | 0.7x |
| Fri, 03 Nov 2023 | kr132.9b | kr177.9b | kr7.7b | 8.4x | 17.3x | 0.7x |
| Sun, 01 Oct 2023 | kr130.9b | kr166.7b | kr7.0b | 9.5x | 18.7x | 0.8x |
| Tue, 29 Aug 2023 | kr121.2b | kr166.5b | kr6.3b | 8.2x | 19.3x | 0.7x |
| Thu, 27 Jul 2023 | kr112.5b | kr147.6b | kr3.8b | 12.8x | 29.8x | 0.8x |
| Sat, 24 Jun 2023 | kr98.5b | kr141.1b | kr4.4b | 12.1x | 22.5x | 0.7x |
| Mon, 22 May 2023 | kr106.0b | kr141.3b | kr4.5b | 22.5x | 23.6x | 0.8x |
| Wed, 19 Apr 2023 | kr109.7b | kr133.4b | kr4.2b | 16x | 26.2x | 0.8x |
| Fri, 17 Mar 2023 | kr110.6b | kr135.9b | kr4.3b | 16x | 25.9x | 0.8x |
| Sun, 12 Feb 2023 | kr117.2b | kr133.0b | kr13.4b | 9.5x | 8.8x | 0.9x |
| Tue, 10 Jan 2023 | kr97.7b | kr125.0b | kr10.8b | 10.9x | 9x | 0.8x |
| Thu, 08 Dec 2022 | kr91.9b | kr126.4b | kr11.0b | 10.6x | 8.3x | 0.7x |
| Sat, 05 Nov 2022 | kr100.3b | kr128.9b | kr11.1b | 12.6x | 9x | 0.8x |
| Mon, 03 Oct 2022 | kr82.6b | kr128.7b | -kr618,016,467.00 | 12.5x | -133.7x | 0.6x |
| Wed, 31 Aug 2022 | kr89.2b | kr119.7b | -kr386,902,116.00 | 11.6x | -230.7x | 0.7x |
| Fri, 29 Jul 2022 | kr79.8b | kr123.9b | -kr1,167,791,336.00 | 18.6x | -68.3x | 0.6x |
| Sun, 26 Jun 2022 | kr75.6b | kr118.1b | -kr2,253,971,144.00 | 18.8x | -33.5x | 0.6x |
| Tue, 24 May 2022 | kr86.5b | kr116.2b | -kr1,896,913,794.00 | 13.9x | -45.6x | 0.7x |
| Thu, 21 Apr 2022 | kr80.0b | kr106.2b | -kr1,778,869,063.00 | 10x | -45x | 0.8x |
| Sat, 19 Mar 2022 | kr76.3b | kr107.6b | -kr1,910,884,065.00 | 26.6x | -39.9x | 0.7x |
| Mon, 14 Feb 2022 | kr67.0b | kr104.3b | kr8.4b | 6.3x | 8x | 0.6x |
| Wed, 12 Jan 2022 | kr66.2b | kr106.8b | kr8.5b | 5.1x | 7.7x | 0.6x |
| Fri, 10 Dec 2021 | kr61.5b | kr108.1b | kr8.5b | 5.2x | 7.2x | 0.6x |
| Sun, 07 Nov 2021 | kr68.2b | kr100.9b | kr6.8b | 6.7x | 10x | 0.7x |
| Tue, 05 Oct 2021 | kr66.8b | kr96.6b | kr6.3b | 5.3x | 10.6x | 0.7x |
| Thu, 02 Sep 2021 | kr60.7b | kr97.9b | kr6.1b | 3.1x | 9.9x | 0.6x |
| Sat, 31 Jul 2021 | kr62.1b | kr97.9b | kr6.1b | 3.1x | 10.1x | 0.6x |
Price to Earnings Ratio
-16.9x
Current Industry PE
- Investors are pessimistic on the Norwegian Oil and Gas Equipment and Services 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 13.8x which is higher than its 3-year average PE of -2.6x.
- The industry is trading close to its 3-year average PS ratio of 0.73x.
Past Earnings Growth
- Total earnings for the Oil and Gas Equipment and Services industry have gone up over the last three years, and the industry is now profitable. Revenues have grown 22% per year.
- This means that more sales are being generated by the industry overall, and subsequently profits are increasing too.
Industry Comparison
How does Norwegian Oil and Gas Services compare with similar industries?
| NO Market | -1.02% | |
| Energy | -3.18% | |
| Energy Services | -1.22% | |
| Oil and Gas Services | -0.89% | |
| Oil and Gas Drilling | -2.31% | |
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| SUBC Subsea 7 | kr188.60 | 0.9% +kr434.5m | 62.6% | PE84.8x | |
| BWO BW Offshore | kr28.05 | 2.2% +kr108.5m | 3.0% | PE4.7x | |
| TGS TGS | kr120.40 | 0.7% +kr104.7m | -25.7% | PE106.6x | |
| ABL ABL Group | kr12.10 | 3.9% +kr57.7m | -19.9% | PE17.3x | |
| PGS PGS | kr8.11 | 0.4% +kr34.3m | 9.4% | PE17.2x |