OKEA (DB:3SX) - Stock Price, News & Analysis

3SX Stock Overview

An oil and gas company, engages in the development and production of oil and gas in the Norwegian Continental Shelf.

3SX fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	4/6
Past Performance	0/6
Financial Health	3/6
Dividends	0/6

Rewards

Trading at 44.2% below our estimate of its fair value

Earnings are forecast to grow 78.16% per year

Trading at good value compared to peers and industry

Risk Analysis

No risks detected for 3SX from our risk checks.

OKEA ASA Competitors

Deutsche Rohstoff

XTRA:DR0

€185.9m

Friedrich Vorwerk Group

XTRA:VH2

€360.0m

EnviTec Biogas

XTRA:ETG

€510.8m

CropEnergies

XTRA:CE2

€1.0b

Price History & Performance

Summary of all time highs, changes and price drops for OKEA
Historical stock prices
Current Share Price	kr2.09
52 Week High	kr3.64
52 Week Low	kr1.92
Beta	1.06
11 Month Change	-1.23%
3 Month Change	-0.76%
1 Year Change	-19.82%
33 Year Change	44.00%
5 Year Change	2.86%
Change since IPO	2.20%

Recent updates

Shareholder Returns

	3SX	DE Oil and Gas	DE Market
7D	3.7%	-6.5%	-0.6%
1Y	-19.8%	-39.5%	2.9%

Return vs Industry: 3SX exceeded the German Oil and Gas industry which returned -39.5% over the past year.

Return vs Market: 3SX underperformed the German Market which returned 2.9% over the past year.

Price Volatility

Is 3SX's price volatile compared to industry and market?
3SX volatility
3SX Average Weekly Movement	5.4%
Oil and Gas Industry Average Movement	4.7%
Market Average Movement	4.9%
10% most volatile stocks in DE Market	10.7%
10% least volatile stocks in DE Market	2.6%

Stable Share Price: 3SX has not had significant price volatility in the past 3 months.

Volatility Over Time: 3SX's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2015	435	Svein Liknes	okea.no

OKEA ASA, an oil and gas company, engages in the development and production of oil and gas in the Norwegian Continental Shelf. It holds 44.56% interests in Draugen, 35.2% interests in Brage, 12% interests in Gjøa, 9.2385% interests in Ivar Aasen, 15% interests in Yme, and 6% interests in Nova. The company was incorporated in 2015 and is headquartered in Trondheim, Norway.

OKEA ASA Fundamentals Summary

How do OKEA's earnings and revenue compare to its market cap?
3SX fundamental statistics
Market cap	€222.27m
Earnings (TTM)	-€107.48m
Revenue (TTM)	€819.24m

0.3x

P/S Ratio

-2.1x

P/E Ratio

Is 3SX overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
3SX income statement (TTM)
Revenue	kr9.23b
Cost of Revenue	kr2.41b
Gross Profit	kr6.82b
Other Expenses	kr8.04b
Earnings	-kr1.21b

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Jul 17, 2024

Earnings per share (EPS)	-11.65
Gross Margin	73.94%
Net Profit Margin	-13.12%
Debt/Equity Ratio	269.4%

How did 3SX perform over the long term?

See historical performance and comparison

3SX Stock Overview

Rewards

Risk Analysis

OKEA ASA Competitors

XTRA:DR0

€185.9m

XTRA:VH2

€360.0m

XTRA:ETG

€510.8m

XTRA:CE2

€1.0b

Price History & Performance

Recent News & Updates

Full year 2023 earnings released: kr9.00 loss per share (vs kr6.45 profit in FY 2022)

Full year 2023 earnings released: kr9.00 loss per share (vs kr6.45 profit in FY 2022)

OKEA ASA Provides Production Guidance for the Year 2024

New major risk - Share price stability

Investor sentiment deteriorates as stock falls 21%

New major risk - Revenue and earnings growth

Recent updates

Full year 2023 earnings released: kr9.00 loss per share (vs kr6.45 profit in FY 2022)

Full year 2023 earnings released: kr9.00 loss per share (vs kr6.45 profit in FY 2022)

OKEA ASA Provides Production Guidance for the Year 2024

New major risk - Share price stability

Investor sentiment deteriorates as stock falls 21%

New major risk - Revenue and earnings growth

OKEA ASA to Report Q2, 2024 Results on Jul 17, 2024

Investor sentiment deteriorates as stock falls 17%

New minor risk - Share price stability

Upcoming dividend of kr1.00 per share at 11% yield

OKEA ASA Announces Dividend, Payment Date of 15 December 2023 (On or About)

Third quarter 2023 earnings released: EPS: kr0.31 (vs kr1.01 in 3Q 2022)

OKEA ASA Announces Impairment Charge for the Quarter

New minor risk - Share price stability

OKEA ASA Announces First Gas from Hasselmus

Upcoming dividend of kr1.00 per share at 10% yield

M Vest Energy AS entered into an SPA to acquire Brasse license (PL740) from OKEA ASA (OB:OKEA).

Second quarter 2023 earnings released: EPS: kr0.66 (vs kr0.27 in 2Q 2022)

OKEA ASA Announces Cash Dividend for the Third Quarter 2023, Payable on or About 15 September 2023; Provides Dividend Guidance for the Fourth Quarter of 2023

OKEA ASA to Report Q2, 2023 Results on Jul 13, 2023

Upcoming dividend of kr1.00 per share at 13% yield

OKEA ASA Announces Board Appointments

First quarter 2023 earnings released: EPS: kr2.18 (vs kr2.05 in 1Q 2022)

OKEA ASA Announces Cash Dividend for Second Quarter of 2023, Payable on or About 15 June 2023; Provides Dividend Guidance for the Coming Quarter of 2023

Now 29% undervalued after recent price drop

Full year 2022 earnings released: EPS: kr6.45 (vs kr5.86 in FY 2021)

Upcoming dividend of kr1.00 per share at 13% yield

Full year 2022 earnings released: EPS: kr6.45 (vs kr5.86 in FY 2021)

OKEA ASA Announces Dividend, Payable on or About 15 March 2023, Reaffirms Dividend Guidance for 2023

OKEA ASA Awards Four Licenses in APA 2022

Less than half of directors are independent

OKEA ASA, Together with Operator Neptune Energy and Licence Partners, Announce A New Discovery in the Calypso Exploration Well

OKEA ASA Provides Production Guidance for 2022 and Revises for 2023

OKEA ASA to Report Q1, 2023 Results on May 04, 2023

OKEA ASA Announces Drilling Starts at the Calypso Exploration Well (PL938)

OKEA ASA (OB:OKEA) completed the acquisition of Material Portfolio of Assets from Wintershall Dea Norge AS.

Bangchak Corporation Public Company Limited (SET:BCP) acquired 45.7% stakes in OKEA ASA (OB:OKEA).

OKEA ASA Approves Dividend for the Fourth Quarter of 2022, Payable on or About December 15, 2022; Provides Dividend Guidance for the Each Quarter of 2023

Repsol Norge AS, as Operator Informs OKEA ASA Production Outage at Yme Field

Investor sentiment deteriorated over the past week

Upcoming dividend of kr1.00 per share

Investor sentiment improved over the past week

Less than half of directors are independent

OKEA ASA Announces Cash Dividend, Payable on or about 15 September 2022

OKEA ASA Provides Production Guidance for the Year 2023

OKEA ASA (OB:OKEA) agreed to acquire Material Portfolio of Assets from Wintershall Dea AG for $117.5 million.

OKEA ASA Provides Dividend Guidance for the Third and Fourth Quarter of 2022

Repsol Norge AS Informs OKEA ASA, as Operator That Production from Yme Has Re-Started

OKEA ASA Announces Suspension of Operations At Yme Field Due to Technical Issues

Full year 2021 earnings released: EPS: kr5.86 (vs kr5.89 loss in FY 2020)

OKEA ASA (OB:OKEA) completed the acquisition of 2.2% stake in Ivar Aasen Oil Field from ENGIE E&P Norge AS.

Investor sentiment improved over the past week

OKEA ASA Announces Drilling Operations on Neptune-Operated Hamlet Exploration Well

OKEA ASA Revises Production Guidance for the Full Year of 2022 and Provides Production Guidance for the Full Year of 2023

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

OKEA ASA Provides Production Guidance for the Full Year of 2022 and 2023

OKEA ASA Commences Drilling Operations on Equinor-Operated Ginny Exploration Well 6407/9-13

Third quarter 2021 earnings released

Investor sentiment improved over the past week