OKEA ASA

OB:OKEA Stock Report

Market Cap: NOK 3.2b

OKEA Future Growth

Future criteria checks 5/6

OKEA is forecast to grow earnings and revenue by 43.7% and 4.3% per annum respectively. EPS is expected to grow by 43.4% per annum. Return on equity is forecast to be 46.7% in 3 years.

Key information

43.7%

Earnings growth rate

43.37%

EPS growth rate

Oil and Gas earnings growth4.0%
Revenue growth rate4.3%
Future return on equity46.71%
Analyst coverage

Low

Last updated09 Jul 2026

Recent future growth updates

Analysis Article Feb 06

OKEA ASA (OB:OKEA) Just Reported And Analysts Have Been Lifting Their Price Targets

Shareholders of OKEA ASA ( OB:OKEA ) will be pleased this week, given that the stock price is up 12% to kr25.95...

Recent updates

Narrative Update Jul 10

OKEA: Higher Production Guidance Will Offset Upcoming Impairment Charges

Analysts have raised their price target for OKEA from NOK 20.0 to NOK 40.0, citing updated assumptions around discount rates, revenue growth, profit margins and future P/E levels. What's in the News for OKEA OKEA issued impairment guidance for the second quarter of 2026, indicating expected impairment charges on the Statfjord asset in the range of US$80 million to US$100 million and impairment of technical goodwill on Draugen in the range of US$5 million to US$10 million, with a related post tax impact expected at US$25 million to US$30 million.
Narrative Update Jun 26

OKEA: Higher Production Guidance And Improved Margins Will Drive Repricing

Analysts have lifted their price target for OKEA from NOK 24.00 to NOK 47.40, citing updated assumptions for revenue growth, profit margins and future P/E levels as key drivers behind the new fair value estimate. What’s in the News for OKEA OKEA reiterated its production guidance for 2026 at 31 to 35 kboepd, according to company guidance.
Analysis Article Feb 06

OKEA ASA (OB:OKEA) Just Reported And Analysts Have Been Lifting Their Price Targets

Shareholders of OKEA ASA ( OB:OKEA ) will be pleased this week, given that the stock price is up 12% to kr25.95...
Analysis Article Nov 05

Improved Revenues Required Before OKEA ASA (OB:OKEA) Shares Find Their Feet

OKEA ASA's ( OB:OKEA ) price-to-sales (or "P/S") ratio of 0.2x may look like a pretty appealing investment opportunity...
Analysis Article Jun 26

OKEA ASA's (OB:OKEA) Shares Lagging The Industry But So Is The Business

When you see that almost half of the companies in the Oil and Gas industry in Norway have price-to-sales ratios (or...
Analysis Article Apr 08

OKEA's (OB:OKEA) Solid Earnings Are Supported By Other Strong Factors

Even though OKEA ASA ( OB:OKEA ) posted strong earnings, investors appeared to be underwhelmed. We did some digging and...
Analysis Article Mar 20

Lacklustre Performance Is Driving OKEA ASA's (OB:OKEA) Low P/S

When close to half the companies operating in the Oil and Gas industry in Norway have price-to-sales ratios (or "P/S...
Analysis Article Sep 26

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

Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...
Analysis Article Jul 21

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

It's been a good week for OKEA ASA ( OB:OKEA ) shareholders, because the company has just released its latest...
Analysis Article Jul 12

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

Key Insights Using the Dividend Discount Model, OKEA fair value estimate is kr38.14 OKEA is estimated to be 42...
Analysis Article Jan 23

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

One thing we could say about the analysts on OKEA ASA ( OB:OKEA ) - they aren't optimistic, having just made a major...
Analysis Article Jan 21

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

OKEA ASA's ( OB:OKEA ) price-to-earnings (or "P/E") ratio of 3.7x might make it look like a strong buy right now...
Analysis Article Dec 03

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

David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...
Analysis Article Oct 13

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

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
Analysis Article Sep 03

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

Celebrations may be in order for OKEA ASA ( OB:OKEA ) shareholders, with the analysts delivering a significant upgrade...

Earnings and Revenue Growth Forecasts

OB:OKEA - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202890680512555
12/31/20271,035981103895
12/31/20269951231595125
3/31/2026781-40-135258N/A
12/31/2025784-55-47325N/A
9/30/2025879-3123409N/A
6/30/20259363215355N/A
3/31/20259676270411N/A
12/31/20241,0263678397N/A
9/30/20241,021-91214483N/A
6/30/2024944-112160419N/A
3/31/2024862-112259481N/A
12/31/2023860-92315511N/A
9/30/202376861165361N/A
6/30/202376467225400N/A
3/31/202374665192343N/A
12/31/202265368198341N/A
9/30/202259858274363N/A
6/30/202255063246329N/A
3/31/202254190269361N/A
12/31/202142968190285N/A
9/30/202131257116210N/A
6/30/20212354588202N/A
3/31/2021197240115N/A
12/31/2020193-70-4872N/A
9/30/2020172-84-5067N/A
6/30/2020198-88-1101N/A
3/31/2020259-8167164N/A
12/31/2019334-8N/A246N/A
9/30/2019275-15N/A226N/A
6/30/2019224-14N/A160N/A
3/31/2019104-20N/A86N/A
12/31/201817-19N/A27N/A
9/30/201811-16N/A4N/A
6/30/20188-9N/A-5N/A
3/31/20185-6N/A-6N/A
12/31/20175-6N/A-5N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: OKEA is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (3.3%).

Earnings vs Market: OKEA is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: OKEA is expected to become profitable in the next 3 years.

Revenue vs Market: OKEA's revenue (4.3% per year) is forecast to grow faster than the Norwegian market (2.6% per year).

High Growth Revenue: OKEA's revenue (4.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: OKEA's Return on Equity is forecast to be very high in 3 years time (46.7%).


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/12 09:59
End of Day Share Price 2026/07/10 00:00
Earnings2026/03/31
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
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* 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 world class team 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

OKEA ASA is covered by 5 analysts. 5 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
Vidar LyngværDanske Bank
Steffen EvjenDNB Carnegie