Share Statoil trading with a premium in oil & gas sector

The Norwegian stock Statoil trades currently with one the highest CAPE-ratios of the oil & gas producers. Currently the share is now traded at 86 times the past 10 year's average earnings per share (CAPE). With this the stock trades way higher than the average US stock of the oil & gas producers which now costs 25 times the average 10-years EPS.

Core figures US oil & gas producers

We further see that over the past year the American oil & gas producers yielded -6 percent lower. They performed worse than the European sector that yielded -6 percent lower. The American sector trades with a CAPE-ratio of 30 and the European sector trades at 81. So it seems there is a correlation with the CAPE-ratio as the risen stocks also have higher CAPE-ratios.

For this year Statoil's revenue will be around 74,24 billion NOK. This is according to the average of the analysts' estimates. This is slightly lower than 2017's revenue of 78,56 billion NOK.

Historical revenues and results Statoil plus estimates 2018

The analysts expect for 2018 a net profit of 6,13 billion NOK. According to most of the analysts the company will have a profit per share for this book year of 1,82 NOK. The price/earnings-ratio is then an extreme 103,76.

Per share the analysts expect a dividend of 1,02 NOK per share. Thus the dividend yield equals 0,54 percent. The average dividend yield of the oil & gas producers equals a limited 1 percent.

Latest estimates around 23 NOK

Statoil's market capitalization is based on the number of outstanding shares around 625,46 billion NOK. The Statoil stock was the past 12 months quite unstable. Since last April the stock is 6 percent higher. This year the stock price moved between 179 and 235 NOK. Since 2008 the stock price is almost 58 percent higher.

Historical stock prices Statoil past 10 years

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