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OKEA OB:OKEA Stock Report

Last Price

NOK 24.62

Market Cap

NOK 2.6b

7D

15.3%

1Y

-28.6%

Updated

04 Oct, 2024

Data

Company Financials +

OKEA Stock Overview

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

OKEA fundamental analysis
Snowflake Score
Valuation5/6
Future Growth4/6
Past Performance0/6
Financial Health4/6
Dividends0/6

OKEA ASA Competitors

Price History & Performance

Summary of all time highs, changes and price drops for OKEA
Historical stock prices
Current Share PriceNOK 24.62
52 Week HighNOK 40.26
52 Week LowNOK 18.98
Beta1.01
11 Month Change21.88%
3 Month Change-1.28%
1 Year Change-28.55%
33 Year Change13.98%
5 Year Change26.65%
Change since IPO21.28%

Recent News & Updates

OKEA (OB:OKEA) Has A Somewhat Strained Balance Sheet

Sep 26
OKEA (OB:OKEA) Has A Somewhat Strained Balance Sheet

Earnings Miss: OKEA ASA Missed EPS By 43% And Analysts Are Revising Their Forecasts

Jul 21
Earnings Miss: OKEA ASA Missed EPS By 43% And Analysts Are Revising Their Forecasts

OKEA ASA (OB:OKEA) Shares Could Be 42% Below Their Intrinsic Value Estimate

Jul 12
OKEA ASA (OB:OKEA) Shares Could Be 42% Below Their Intrinsic Value Estimate

Recent updates

OKEA (OB:OKEA) Has A Somewhat Strained Balance Sheet

Sep 26
OKEA (OB:OKEA) Has A Somewhat Strained Balance Sheet

Earnings Miss: OKEA ASA Missed EPS By 43% And Analysts Are Revising Their Forecasts

Jul 21
Earnings Miss: OKEA ASA Missed EPS By 43% And Analysts Are Revising Their Forecasts

OKEA ASA (OB:OKEA) Shares Could Be 42% Below Their Intrinsic Value Estimate

Jul 12
OKEA ASA (OB:OKEA) Shares Could Be 42% Below Their Intrinsic Value Estimate

Need To Know: Analysts Just Made A Substantial Cut To Their OKEA ASA (OB:OKEA) Estimates

Jan 23
Need To Know: Analysts Just Made A Substantial Cut To Their OKEA ASA (OB:OKEA) Estimates

Why Investors Shouldn't Be Surprised By OKEA ASA's (OB:OKEA) Low P/E

Jan 21
Why Investors Shouldn't Be Surprised By OKEA ASA's (OB:OKEA) Low P/E

Does OKEA (OB:OKEA) Have A Healthy Balance Sheet?

Dec 03
Does OKEA (OB:OKEA) Have A Healthy Balance Sheet?

Does OKEA (OB:OKEA) Deserve A Spot On Your Watchlist?

Oct 13
Does OKEA (OB:OKEA) Deserve A Spot On Your Watchlist?

Analysts Are Betting On OKEA ASA (OB:OKEA) With A Big Upgrade This Week

Sep 03
Analysts Are Betting On OKEA ASA (OB:OKEA) With A Big Upgrade This Week

OKEA (OB:OKEA) Will Pay A Dividend Of NOK1.00

Aug 10
OKEA (OB:OKEA) Will Pay A Dividend Of NOK1.00

Earnings Miss: OKEA ASA Missed EPS By 39% And Analysts Are Revising Their Forecasts

Jul 16
Earnings Miss: OKEA ASA Missed EPS By 39% And Analysts Are Revising Their Forecasts

New Forecasts: Here's What Analysts Think The Future Holds For OKEA ASA (OB:OKEA)

May 01
New Forecasts: Here's What Analysts Think The Future Holds For OKEA ASA (OB:OKEA)

Analysts Just Made A Captivating Upgrade To Their OKEA ASA (OB:OKEA) Forecasts

Mar 26
Analysts Just Made A Captivating Upgrade To Their OKEA ASA (OB:OKEA) Forecasts

Time To Worry? Analysts Are Downgrading Their OKEA ASA (OB:OKEA) Outlook

Feb 11
Time To Worry? Analysts Are Downgrading Their OKEA ASA (OB:OKEA) Outlook

OKEA ASA (OB:OKEA) Surges 26% Yet Its Low P/E Is No Reason For Excitement

Aug 21
OKEA ASA (OB:OKEA) Surges 26% Yet Its Low P/E Is No Reason For Excitement

Shareholder Returns

OKEANO Oil and GasNO Market
7D15.3%9.8%3.5%
1Y-28.6%-13.1%5.2%

Return vs Industry: OKEA underperformed the Norwegian Oil and Gas industry which returned -13.1% over the past year.

Return vs Market: OKEA underperformed the Norwegian Market which returned 5.2% over the past year.

Price Volatility

Is OKEA's price volatile compared to industry and market?
OKEA volatility
OKEA Average Weekly Movement5.3%
Oil and Gas Industry Average Movement4.8%
Market Average Movement5.1%
10% most volatile stocks in NO Market11.8%
10% least volatile stocks in NO Market2.8%

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

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

About the Company

FoundedEmployeesCEOWebsite
2015435Svein Liknesokea.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?
OKEA fundamental statistics
Market capNOK 2.56b
Earnings (TTM)-NOK 1.19b
Revenue (TTM)NOK 10.03b

0.3x

P/S Ratio

-2.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
OKEA income statement (TTM)
RevenueNOK 10.03b
Cost of RevenueNOK 2.79b
Gross ProfitNOK 7.24b
Other ExpensesNOK 8.43b
Earnings-NOK 1.19b

Last Reported Earnings

Jun 30, 2024

Next Earnings Date

Oct 31, 2024

Earnings per share (EPS)-11.48
Gross Margin72.19%
Net Profit Margin-11.89%
Debt/Equity Ratio404.1%

How did OKEA perform over the long term?

See historical performance and comparison