Take Care Before Jumping Onto Interoil Exploration and Production ASA (OB:IOX) Even Though It's 29% Cheaper
May 03
Norwegian (OSEAX) Oil and Gas Exploration and Production Industry Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies10
- 7D-2.8%
- 3M5.1%
- 1Y12.5%
- YTDn/a
The Oil and Gas Exploration and Production industry has stayed flat over the last week. The past year has been better, since the industry has gained 12% in that time. As for the next few years, earnings are expected to grow by 7.6% per annum.
Industry Valuation and Performance
Has the Norwegian Oil and Gas Exploration and Production Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | kr297.5b | kr250.4b | kr23.6b | 9.9x | 12.6x | 1.2x |
| Tue, 16 Apr 2024 | kr323.3b | kr261.1b | kr22.5b | 12.6x | 14.4x | 1.2x |
| Thu, 14 Mar 2024 | kr286.6b | kr250.3b | kr21.3b | 11.9x | 13.5x | 1.1x |
| Sat, 10 Feb 2024 | kr283.2b | kr258.9b | kr25.2b | 8.7x | 11.3x | 1.1x |
| Mon, 08 Jan 2024 | kr318.5b | kr269.6b | kr27.2b | 8.4x | 11.7x | 1.2x |
| Wed, 06 Dec 2023 | kr316.4b | kr284.5b | kr28.7b | 8x | 11x | 1.1x |
| Fri, 03 Nov 2023 | kr347.6b | kr291.3b | kr31.6b | 7.8x | 11x | 1.2x |
| Sun, 01 Oct 2023 | kr314.7b | kr305.6b | kr29.8b | 8.2x | 10.6x | 1x |
| Tue, 29 Aug 2023 | kr306.4b | kr305.6b | kr29.5b | 7.9x | 10.4x | 1x |
| Thu, 27 Jul 2023 | kr297.8b | kr291.4b | kr28.8b | 8.2x | 10.3x | 1x |
| Sat, 24 Jun 2023 | kr267.0b | kr308.6b | kr27.5b | 6.6x | 9.7x | 0.9x |
| Mon, 22 May 2023 | kr266.5b | kr308.5b | kr28.9b | 8.8x | 9.2x | 0.9x |
| Wed, 19 Apr 2023 | kr278.0b | kr290.1b | kr33.6b | 5.8x | 8.3x | 1x |
| Fri, 17 Mar 2023 | kr261.6b | kr296.6b | kr34.4b | 5.2x | 7.6x | 0.9x |
| Sun, 12 Feb 2023 | kr316.6b | kr279.2b | kr28.7b | 8.3x | 11x | 1.1x |
| Tue, 10 Jan 2023 | kr320.9b | kr253.2b | kr30.8b | 7.5x | 10.4x | 1.3x |
| Thu, 08 Dec 2022 | kr323.5b | kr257.4b | kr31.3b | 7.2x | 10.3x | 1.3x |
| Sat, 05 Nov 2022 | kr370.8b | kr261.5b | kr31.0b | 9.8x | 12x | 1.4x |
| Mon, 03 Oct 2022 | kr329.0b | kr226.3b | kr27.5b | 8x | 12x | 1.5x |
| Wed, 31 Aug 2022 | kr381.2b | kr204.9b | kr25.0b | 8.4x | 15.3x | 1.9x |
| Fri, 29 Jul 2022 | kr345.4b | kr188.8b | kr25.9b | 7.9x | 13.3x | 1.8x |
| Sun, 26 Jun 2022 | kr256.6b | kr178.9b | kr26.2b | 8.1x | 9.8x | 1.4x |
| Tue, 24 May 2022 | kr286.5b | kr171.7b | kr24.4b | 9.9x | 11.8x | 1.7x |
| Thu, 21 Apr 2022 | kr270.7b | kr133.6b | kr16.7b | 10x | 16.2x | 2x |
| Sat, 19 Mar 2022 | kr141.5b | kr130.2b | kr15.5b | 9.1x | 9.2x | 1.1x |
| Mon, 14 Feb 2022 | kr213.3b | kr76.4b | kr9.9b | 17.3x | 21.5x | 2.8x |
| Wed, 12 Jan 2022 | kr214.2b | kr64.5b | kr6.6b | 21.1x | 32.3x | 3.3x |
| Fri, 10 Dec 2021 | kr141.9b | kr66.1b | kr6.8b | 17.6x | 20.9x | 2.1x |
| Sun, 07 Nov 2021 | kr155.1b | kr63.1b | kr6.7b | 20.3x | 23.3x | 2.5x |
| Tue, 05 Oct 2021 | kr141.7b | kr54.2b | kr4.1b | 26x | 34.5x | 2.6x |
| Thu, 02 Sep 2021 | kr109.3b | kr54.4b | kr4.1b | 19.5x | 26.5x | 2x |
| Sat, 31 Jul 2021 | kr112.8b | kr54.4b | kr4.1b | 20.3x | 27.3x | 2.1x |
Price to Earnings Ratio
49.9x
Current Industry PE
- Investors are pessimistic on the Norwegian Oil and Gas Exploration and Production 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 12.6x which is lower than its 3-year average PE of 16.3x.
- The 3-year average PS ratio of 1.6x is higher than the industry's current PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Oil and Gas Exploration and Production industry have grown 118% per year over the last three years.
- Revenues for these companies have grown 75% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Comparison
How does Norwegian Oil and Gas Exploration and Production compare with similar industries?
| NO Market | -1.02% | |
| Energy | -3.18% | |
| Oil and Gas | -3.47% | |
| Oil and Gas Exploration and Production | -2.80% | |
| Oil and Gas Storage and Transportation | 3.39% | |
| Integrated Oil and Gas | -4.46% | |
| Oil and Gas Refining and Marketing | -4.86% | |
| Coal and Fuels | -8.73% | |
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 | |
|---|---|---|---|---|---|
| PEN Panoro Energy | kr32.10 | 3.0% +kr111.1m | 16.0% | PE10.5x | |
| IOX Interoil Exploration and Production | kr2.00 | 0.5% +kr201.3k | -77.5% | PS0.2x |
