NOR Stock Overview
Norwegian Energy Company ASA, an oil and gas company, focuses on the exploration, development, and production of hydrocarbon resources in Norway, Denmark, the Netherlands, and the United Kingdom.
Norwegian Energy Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||kr344.50|
|52 Week High||kr483.50|
|52 Week Low||kr135.20|
|1 Month Change||-4.17%|
|3 Month Change||2.53%|
|1 Year Change||128.15%|
|3 Year Change||64.83%|
|5 Year Change||23.48%|
|Change since IPO||-99.91%|
Recent News & Updates
Is Norwegian Energy (OB:NOR) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
|NOR||NO Oil and Gas||NO Market|
Return vs Industry: NOR exceeded the Norwegian Oil and Gas industry which returned 53.3% over the past year.
Return vs Market: NOR exceeded the Norwegian Market which returned -4.5% over the past year.
|NOR Average Weekly Movement||9.7%|
|Oil and Gas Industry Average Movement||7.4%|
|Market Average Movement||6.6%|
|10% most volatile stocks in NO Market||11.4%|
|10% least volatile stocks in NO Market||3.7%|
Stable Share Price: NOR is more volatile than 75% of Norwegian stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: NOR's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of Norwegian stocks.
About the Company
Norwegian Energy Company ASA, an oil and gas company, focuses on the exploration, development, and production of hydrocarbon resources in Norway, Denmark, the Netherlands, and the United Kingdom. Its asset portfolio includes four production hubs and 11 producing fields on the Danish Continental Shelf. As of December 31, 2021, the company had proven and probable reserves of 9.8 million barrels of oil equivalent.
Norwegian Energy Fundamentals Summary
|NOR fundamental statistics|
Is NOR overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|NOR income statement (TTM)|
|Cost of Revenue||US$307.30m|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
Oct 26, 2022
|Earnings per share (EPS)||-4.67|
|Net Profit Margin||-15.48%|
How did NOR perform over the long term?See historical performance and comparison
Is NOR undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 5/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for NOR?
Other financial metrics that can be useful for relative valuation.
|What is NOR's n/a Ratio?|
Price to Sales Ratio vs Peers
How does NOR's PS Ratio compare to its peers?
|NOR PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
PEN Panoro Energy
BWE BW Energy
NOR Norwegian Energy
Price-To-Sales vs Peers: NOR is good value based on its Price-To-Sales Ratio (1.1x) compared to the peer average (2.1x).
Price to Earnings Ratio vs Industry
How does NOR's PE Ratio compare vs other companies in the NO Oil and Gas Industry?
Price-To-Sales vs Industry: NOR is good value based on its Price-To-Sales Ratio (1.1x) compared to the Norwegian Oil and Gas industry average (1.5x)
Price to Sales Ratio vs Fair Ratio
What is NOR's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||1.1x|
|Fair PS Ratio||2.5x|
Price-To-Sales vs Fair Ratio: NOR is good value based on its Price-To-Sales Ratio (1.1x) compared to the estimated Fair Price-To-Sales Ratio (2.5x).
Share Price vs Fair Value
What is the Fair Price of NOR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: NOR (NOK344.5) is trading below our estimate of fair value (NOK15237.84)
Significantly Below Fair Value: NOR is trading below fair value by more than 20%.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Insufficient data to show price forecast.
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How is Norwegian Energy forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
Future Growth Score6/6
Future Growth Score 6/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: NOR is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (1.1%).
Earnings vs Market: NOR is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: NOR is expected to become profitable in the next 3 years.
Revenue vs Market: NOR's revenue (32.2% per year) is forecast to grow faster than the Norwegian market (0.2% per year).
High Growth Revenue: NOR's revenue (32.2% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: NOR's Return on Equity is forecast to be high in 3 years time (39%)
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How has Norwegian Energy performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: NOR is currently unprofitable.
Growing Profit Margin: NOR is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: NOR is unprofitable, and losses have increased over the past 5 years at a rate of 0.2% per year.
Accelerating Growth: Unable to compare NOR's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: NOR is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (27.2%).
Return on Equity
High ROE: NOR has a negative Return on Equity (-27.53%), as it is currently unprofitable.
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How is Norwegian Energy's financial position?
Financial Health Score1/6
Financial Health Score 1/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: NOR's short term assets ($420.0M) do not cover its short term liabilities ($440.6M).
Long Term Liabilities: NOR's short term assets ($420.0M) do not cover its long term liabilities ($2.4B).
Debt to Equity History and Analysis
Debt Level: NOR's net debt to equity ratio (220.7%) is considered high.
Reducing Debt: NOR's debt to equity ratio has increased from 108.2% to 276.6% over the past 5 years.
Debt Coverage: NOR's debt is well covered by operating cash flow (35.5%).
Interest Coverage: NOR's interest payments on its debt are not well covered by EBIT (2.6x coverage).
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What is Norwegian Energy current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Cash Flow Coverage
Dividend Yield vs Market
|Norwegian Energy Dividend Yield vs Market|
|Company (Norwegian Energy)||n/a|
|Market Bottom 25% (NO)||3.8%|
|Market Top 25% (NO)||8.0%|
|Industry Average (Oil and Gas)||6.9%|
|Analyst forecast in 3 Years (Norwegian Energy)||0%|
Notable Dividend: Unable to evaluate NOR's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate NOR's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if NOR's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if NOR's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as NOR has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Euan Shirlaw serves as Chief Financial Officer of Norwegian Energy Company ASA since October 1, 2019 and serves as its Chief Executive Officer since May 12, 2022 and had been its Acting Managing Direct...
CEO Compensation Analysis
|Euan Shirlaw's Compensation vs Norwegian Energy Earnings|
|Date||Total Comp.||Salary||Company Earnings|
|Jun 30 2022||n/a||n/a|
|Mar 31 2022||n/a||n/a|
|Dec 31 2021||US$699k||US$376k|
|Sep 30 2021||n/a||n/a|
|Jun 30 2021||n/a||n/a|
|Mar 31 2021||n/a||n/a|
|Dec 31 2020||US$574k||US$308k|
|Sep 30 2020||n/a||n/a|
|Jun 30 2020||n/a||n/a|
|Mar 31 2020||n/a||n/a|
|Dec 31 2019||US$515k||US$77k|
Compensation vs Market: Euan's total compensation ($USD699.00K) is about average for companies of similar size in the Norwegian market ($USD671.31K).
Compensation vs Earnings: Euan's compensation has increased whilst the company is unprofitable.
Experienced Management: NOR's management team is considered experienced (2.3 years average tenure).
Experienced Board: NOR's board of directors are considered experienced (3 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: NOR insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
|06 Sep 22||Buykr8,803,600||Ousdal AS||Company||25,000||kr352.14|
|08 Aug 22||Buykr502,004||Cathrine Torgersen||Individual||1,500||kr334.67|
|14 Jul 22||Sellkr304,125,002||Taconic Capital Advisors L.P.||Company||750,000||kr405.50|
|13 Jul 22||Buykr10,875,634||Ousdal AS||Company||28,025||kr388.07|
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 5.6%.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Norwegian Energy Company ASA's employee growth, exchange listings and data sources
- Name: Norwegian Energy Company ASA
- Ticker: NOR
- Exchange: OB
- Founded: 2005
- Industry: Oil and Gas Exploration and Production
- Sector: Energy
- Implied Market Cap: kr8.770b
- Shares outstanding: 25.46m
- Website: https://www.noreco.com
Number of Employees
- Norwegian Energy Company ASA
- Nedre Vollgate 1
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|NOR||OB (Oslo Bors)||Yes||Ordinary Shares||NO||NOK||Jul 2007|
|CJ1||DB (Deutsche Boerse AG)||Yes||Ordinary Shares||DE||EUR||Jul 2007|
|0HTF||LSE (London Stock Exchange)||Yes||Ordinary Shares||GB||NOK||Jul 2007|
|NORO||BATS-CHIXE (BATS 'Chi-X Europe')||Yes||Ordinary Shares||GB||NOK||Jul 2007|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/09/29 00:00|
|End of Day Share Price||2022/09/29 00:00|
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 here.