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Jotun FPSO And Johan Castberg Ramps Will Boost Industry Potential

Published
09 Feb 25
Updated
16 Sep 25
AnalystConsensusTarget's Fair Value
NOK 37.05
11.4% undervalued intrinsic discount
16 Sep
NOK 32.81
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1Y
1.3%
7D
-2.2%

Author's Valuation

NOK 37.1

11.4% undervalued intrinsic discount

AnalystConsensusTarget Fair Value

Shared on16 Sep 25
Fair value Decreased 2.69%

A sharp increase in Vår Energi’s future P/E ratio, likely reflecting lower earnings expectations, has driven a slight decrease in the consensus analyst price target from NOK38.07 to NOK37.05. What's in the News Jotun FPSO reached peak production ahead of schedule, now producing over 80 kboepd gross, supporting ongoing development of the Balder field, with Balder Phase V and VI projects underway to maintain high output.

Shared on28 Aug 25
Fair value Decreased 1.90%

Vår Energi's consensus analyst price target was largely unchanged despite a dramatic increase in its Future P/E, suggesting sharply reduced earnings expectations, with fair value now at NOK38.60. What's in the News Vår Energi provided production guidance, targeting around 430 kboepd in Q4 2025 and expecting to reach the mid-point of its 2025 full-year guidance (330–360 kboepd); 2026 guidance at 400 kboepd and 350–400 kboepd for 2027–2030.

Shared on01 May 25
Fair value Decreased 0.13%

Shared on23 Apr 25
Fair value Increased 1.70%

AnalystConsensusTarget has decreased shares outstanding growth rate from 0.0% to 0.0%.

Shared on17 Apr 25
Fair value Increased 1.16%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on09 Apr 25
Fair value Decreased 7.61%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on02 Apr 25
Fair value Increased 3.42%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on26 Mar 25
Fair value Decreased 1.45%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on19 Mar 25
Fair value Decreased 0.89%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on12 Mar 25
Fair value Increased 4.06%

AnalystConsensusTarget has increased discount rate from 6.9% to 8.5%.