DashboardPortfoliosWatchlistCommunityDiscoverScreener
NOT FOR DISTRIBUTION
Loading...
  • Stocks
  • /
  • Energy
Updated 1m ago
BWE logo

BW Energy LimitedOB:BWE Stock Report

Market Cap NOK 15.1b
Updated 1m ago
Share Price
n/a
1Y56.1%
7D2.6%
1D0.5%
Portfolio Value
​
View

BW Energy Limited

OB:BWE Stock Report

Market Cap: NOK 15.1b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

BW Energy (BWE) Stock Overview

Engages in the exploration and production of oil and gas properties. More details

BWE fundamental analysis
Snowflake Score
Valuation4/6
Future Growth6/6
Past Performance2/6
Financial Health3/6
Dividends0/6

Rewards

Trading at 92.6% below our estimate of its fair value

Earnings are forecast to grow 44.92% per year

Risk Analysis

Profit margins (12.2%) are lower than last year (23.6%)

Has a high level of debt


BWE Community Fair Values

Create Narrative

See what 19 others think this stock is worth. Follow their fair value or set your own to get alerts.

Analyst Price Targets

AN
AnalystConsensusTarget
21.7% undervalued intrinsic discount
AnalystConsensusTarget
•3mo ago

Key Organic Projects And Low-Cost Discipline Will Shape Future Competitiveness

114
0
12
AN
AnalystLowTarget
8.5% overvalued intrinsic discount
AnalystLowTarget
•2mo ago

Maromba And Golfinho Execution Risks Will Shape Future Production And Cash Flow

12
0
0
AN
AnalystHighTarget
35.0% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Global Energy Demand Will Spur Offshore Projects Amid Growing Risks

27
0
1

Top Community Narratives

BWE logo
BW Energy
32.1% undervalued intrinsic discount

One of the most undervalued stock in the oil industry

View narrative
OE
OEV
Updated 7 Dec 2024
Read Narrative

Top Community Narratives

BWE logo
BW Energy
32.1% undervalued intrinsic discount

One of the most undervalued stock in the oil industry

View narrative
OE
OEV
Updated 7 Dec 2024
Read Narrative

Top Analyst Narratives

AN
AnalystConsensusTarget
21.7% undervalued intrinsic discount
AnalystConsensusTarget
•3mo ago

Key Organic Projects And Low-Cost Discipline Will Shape Future Competitiveness

114
0
12
AN
AnalystLowTarget
8.5% overvalued intrinsic discount
AnalystLowTarget
•2mo ago

Maromba And Golfinho Execution Risks Will Shape Future Production And Cash Flow

12
0
0
AN
AnalystHighTarget
35.0% undervalued intrinsic discount
AnalystHighTarget
•2mo ago

Global Energy Demand Will Spur Offshore Projects Amid Growing Risks

27
0
1
View all narratives

BW Energy Limited Competitors

BlueNord

Symbol: OB:BNOR
Market cap: NOK 15.4b

DNO

Symbol: OB:DNO
Market cap: NOK 19.0b

ShaMaran Petroleum

Symbol: OB:SNM
Market cap: NOK 3.8b

Vår Energi

Symbol: OB:VAR
Market cap: NOK 136.0b

Price History & Performance

Summary of share price highs, lows and changes for BW Energy
Historical stock prices
Current Share PriceNOK 58.60
52 Week HighNOK 62.20
52 Week LowNOK 34.95
Beta0.36
1 Month Change4.09%
3 Month Change17.67%
1 Year Change56.06%
3 Year Change116.24%
5 Year Change144.68%
Change since IPO142.65%

Recent News & Updates

User avatar
Narrative Update • Jul 06

BWE: Longer Licence And 2026 Output Plans Will Shape Measured Upside

Analysts have raised their fair value price target for BW Energy from NOK 49.91 to NOK 54.00, citing updated assumptions relating to revenue growth, profitability and future P/E expectations. What’s in the News for BW Energy BW Energy issued production guidance for 2026, indicating an expected range of 24 to 27 kbopd, or 8.8 to 9.9 mmboe for the year.

Recent updates

User avatar
Narrative Update • Jul 06

BWE: Longer Licence And 2026 Output Plans Will Shape Measured Upside

Analysts have raised their fair value price target for BW Energy from NOK 49.91 to NOK 54.00, citing updated assumptions relating to revenue growth, profitability and future P/E expectations. What’s in the News for BW Energy BW Energy issued production guidance for 2026, indicating an expected range of 24 to 27 kbopd, or 8.8 to 9.9 mmboe for the year.
User avatar
Narrative Update • Jun 22

BWE: Long-Term Licence Extension And Rising Output Will Support Upside Potential

Analysts have revised their price target for BW Energy to NOK 90.11 from NOK 57.72, citing updated assumptions for revenue growth, profit margins and a lower discount rate, as well as a reduced future P/E multiple in their valuation models. What’s in the News for BW Energy ReconAfrica, NAMCOR and BW Energy have started multi zone production testing at the Kavango West 1X well in Namibia, the first cased production test in the country, to evaluate six hydrocarbon bearing zones across about 420 meters in the Huttenburg and Elandshoek formations, with results guiding further appraisal plans.
Analysis Article • Jun 19

BW Energy (OB:BWE) Stock Could Be 30.2% Undervalued As Maromba Growth Plan Builds

Recent interest in BW Energy (OB:BWE) has been driven by the company’s plan to scale oil output through the Maromba project, reusing existing infrastructure and targeting a significant increase in production capacity by 2028. See our latest analysis for BW Energy. BW Energy’s recent Maromba plans come as the stock has given up some near term momentum, with the 7 day share price return down 10.15% and the 90 day share price return down 10.62%. However, the 1 year total shareholder return of...
User avatar
Narrative Update • Jun 05

BWE: Extended Dussafu Licence Will Support Long Term Production Upside

Analysts have modestly lifted their price target for BW Energy to NOK 74.81 from NOK 71.73, reflecting updated assumptions around higher revenue growth, a different profit margin profile, and a lower future P/E multiple. What's in the News BW Energy reported Q1 2026 net production of 2.3 million barrels of oil, or 25,200 barrels per day, from the Dussafu field in Gabon and the Golfinho field in Brazil, according to its first quarter 2026 operating results.
Analysis Article • May 29

BW Energy Limited (OB:BWE) Analysts Just Slashed This Year's Estimates

Market forces rained on the parade of BW Energy Limited ( OB:BWE ) shareholders today, when the analysts downgraded...
Analysis Article • May 27

We Think That There Are More Issues For BW Energy (OB:BWE) Than Just Sluggish Earnings

BW Energy Limited's ( OB:BWE ) stock showed strength, with investors undeterred by its weak earnings report. While...
User avatar
New Narrative • May 20

Maromba And Golfinho Execution Risks Will Shape Future Production And Cash Flow

Catalysts About BW Energy BW Energy is an oil and gas exploration and production company focused on developing offshore fields such as Dussafu, Golfinho, Maromba and assets in Namibia and Angola. What are the underlying business or industry changes driving this perspective?
User avatar
Narrative Update • May 17

BWE: Extended Dussafu Licence Will Support Long Term Cash Flow Potential

Analysts have updated their view on BW Energy, with the price target shifting from NOK 48.84 to NOK 71.73. This change reflects revised assumptions around revenue growth, profit margins and future P/E expectations.
Analysis Article • Apr 15

Analysts Just Published A Bright New Outlook For BW Energy Limited's (OB:BWE)

BW Energy Limited ( OB:BWE ) shareholders will have a reason to smile today, with the analysts making substantial...
User avatar
New Narrative • Mar 14

Maromba Project Will Increase Production To 50,000 Barrels Per Day

Major field developments and increased production capacity, particularly from the Maromba project, anticipate boosting future revenue through enhanced capital efficiency.
Analysis Article • Nov 17

Is BW Energy Limited (OB:BWE) Expensive For A Reason? A Look At Its Intrinsic Value

Key Insights The projected fair value for BW Energy is kr21.39 based on 2 Stage Free Cash Flow to Equity Current share...
Analysis Article • Jul 25

BW Energy (OB:BWE) Has A Somewhat Strained Balance Sheet

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...

Shareholder Returns

BWENO Oil and GasNO Market
7D2.6%6.0%0.8%
1Y56.1%67.7%22.6%

Return vs Industry: BWE underperformed the Norwegian Oil and Gas industry which returned 67.7% over the past year.

Return vs Market: BWE exceeded the Norwegian Market which returned 22.6% over the past year.

Price Volatility

Is BWE's price volatile compared to industry and market?
BWE volatility
BWE Average Weekly Movement4.3%
Oil and Gas Industry Average Movement5.3%
Market Average Movement4.6%
10% most volatile stocks in NO Market10.6%
10% least volatile stocks in NO Market2.6%

Stable Share Price: BWE has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: BWE's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2016705Carl Arnetwww.bwenergy.no

BW Energy Limited, together with its subsidiaries, engages in the exploration and production of oil and gas properties. It holds interests in various shallow- and deep-water assets located in Gabon, Brazil, and Namibia. The company was founded in 2016 and is based in Hamilton, Bermuda.

BW Energy Limited Fundamentals Summary

How do BW Energy's earnings and revenue compare to its market cap?
BWE fundamental statistics
Market capNOK 15.06b
Earnings (TTM)NOK 934.34m
Revenue (TTM)NOK 7.65b
16.2x
P/E Ratio
2.0x
P/S Ratio

Is BWE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BWE income statement (TTM)
RevenueUS$817.90m
Cost of RevenueUS$407.40m
Gross ProfitUS$410.50m
Other ExpensesUS$310.60m
EarningsUS$99.90m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Oct 29, 2026

Earnings per share (EPS)0.39
Gross Margin50.19%
Net Profit Margin12.21%
Debt/Equity Ratio83.3%

How did BWE perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/16 16:36
End of Day Share Price 2026/09/16 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

BW Energy Limited is covered by 8 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullABG Sundal Collier
Christian YggesethDanske Bank
Steffen EvjenDanske Bank

Make Better Investing Decisions Anywhere

Scan to download
Open AppStoreOpen Google Play
Chrome Web Store
Level 5, 320 Pitt Street, Sydney
Financial Data provided by S&P Global Market Intelligence LLC, analysis provided by Simply Wall Street Pty Ltd. Copyright © 2026, S&P Global Market Intelligence LLC. All rights reserved.
View Data Sources
Markets
  • US: NYSE & NASDAQ
  • UK: FTSE
  • Australia: ASX
  • India: NIFTY
  • Canada: TSX
  • South Africa: JSE
  • Japan: NIKKEI
  • South Korea: KOSPI
  • Germany: DAX
Investing Ideas
  • Undervalued Companies
  • Dividend Powerhouses
  • Insider Buying
  • Nuclear Energy
  • Autonomous Vehicles
  • Artificial Intelligence
  • Crypto and Blockchain
  • Cybersecurity
  • More ideas
Stock Communities
  • AstraZeneca
  • HSBC Holdings
  • Shell
  • Unilever
  • Diageo
  • Rio Tinto Group
  • RELX
  • BP
  • Barclays
Features & Tools
  • Portfolio Tracker
  • Stock Screener & Alerts
  • Narratives & Fair Values
  • Dividend Calculator
News & Discovery
  • Latest Stock News
  • Global Market Insights
  • The Foxhole
  • Investing Ideas
  • Community Narratives
  • What's New
Simply Wall St
  • Plans & Pricing
  • Advertising
  • About Us
  • Contact Us
  • Careers
  • Help Center
  • Learn Stock Investing
  • Affiliate Program
  • Business & Enterprise
  • Charlie AI
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.
© 2026 Simply Wall Street Pty Ltd, US Design Patent #29/544/281, Community and European Design Registration #2845206
  • Terms and Conditions
  • Privacy Policy
  • AI Terms
  • Financial Services Guide