Update shared on26 Sep 2025
Fair value Decreased 13%The consensus analyst price target for Archer has been revised downward to NOK35.00, primarily reflecting a sharp increase in future P/E and a moderation in expected revenue growth.
What's in the News
- Archer completed a NOK 684.7 million follow-on equity offering, issuing 21,583,826 and 8,848,000 ordinary shares at NOK 22.5 per share under Regulation S with a subsequent direct listing.
- Multiple changes in co-lead underwriters for the equity offering, with Pareto Securities AS removed and then re-added as co-lead underwriter, and Arctic Securities AS, SpareBank 1 Markets AS, and DNB Carnegie ceasing in similar roles.
- Board meeting held to consider terms, maximum number of new shares, and subscription price for a subsequent offering.
- Certain ordinary shares are subject to a 6-month lock-up agreement ending March 26, 2026, including shares held by Hemen and potentially Paratus.
- Archer announced Pan American Energy is renewing two drilling contracts in Vaca Muerta for two more years, valued at approximately $60 million.
Valuation Changes
Summary of Valuation Changes for Archer
- The Consensus Analyst Price Target has significantly fallen from NOK40.00 to NOK35.00.
- The Future P/E for Archer has significantly risen from 5.68x to 51.19x.
- The Consensus Revenue Growth forecasts for Archer has fallen from 7.4% per annum to 6.8% per annum.
Disclaimer
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