Stock Analysis
BW Energy (OB:BWE) Third Quarter 2023 Results
Key Financial Results
- Revenue: US$87.9m (down 7.9% from 3Q 2022).
- Net income: US$500.0k (down 99% from 3Q 2022).
- Profit margin: 0.6% (down from 35% in 3Q 2022). The decrease in margin was primarily driven by higher expenses.
All figures shown in the chart above are for the trailing 12 month (TTM) period
BW Energy Earnings Insights
Looking ahead, revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 4.3% decline forecast for the Oil and Gas industry in Norway.
Performance of the Norwegian Oil and Gas industry.
The company's shares are down 9.8% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on BW Energy's balance sheet health.
Valuation is complex, but we're here to simplify it.
Discover if BW Energy might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About OB:BWE
BW Energy
An exploration and production company, engages in the acquisition, development, and production of oil and natural gas fields in Gabon and Brazil.