OKEA Future Growth

Future criteria checks 4/6

OKEA's revenue is forecast to decline at 11.8% per annum while its annual earnings are expected to grow at 78.2% per year. EPS is expected to grow by 78.1% per annum. Return on equity is forecast to be 40.9% in 3 years.

Key information

78.2%

Earnings growth rate

78.1%

EPS growth rate

Oil and Gas earnings growth	-3.5%
Revenue growth rate	-11.8%
Future return on equity	40.9%
Analyst coverage	Low
Last updated	18 Jun 2024

Recent future growth updates

Recent updates

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

Jan 23

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

Jul 16

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

May 01

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

Mar 26

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

Feb 11

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

Aug 21

OKEA ASA's (OB:OKEA) Sole Analyst Just Made A Dazzling Upgrade To Their Forecasts

Mar 17

Earnings and Revenue Growth Forecasts

OB:OKEA - Analysts future estimates and past financials data (NOK Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	7,000	493	-374	1,962	3
12/31/2025	8,535	776	351	3,249	5
12/31/2024	10,924	613	-275	4,139	2
3/31/2024	9,230	-1,211	2,783	5,163	N/A
12/31/2023	8,739	-935	3,200	5,188	N/A
9/30/2023	8,217	652	1,764	3,858	N/A
6/30/2023	8,200	724	2,416	4,292	N/A
3/31/2023	7,812	682	2,014	3,590	N/A
12/31/2022	6,399	670	1,939	3,344	N/A
9/30/2022	6,516	629	2,981	3,957	N/A
6/30/2022	5,419	621	2,419	3,245	N/A
3/31/2022	4,760	794	2,370	3,179	N/A
12/31/2021	3,781	603	1,676	2,515	N/A
9/30/2021	2,729	503	1,013	1,834	N/A
6/30/2021	2,020	387	756	1,738	N/A
3/31/2021	1,685	205	4	984	N/A
12/31/2020	1,652	-603	-412	621	N/A
9/30/2020	1,605	-787	-467	623	N/A
6/30/2020	1,908	-846	-9	972	N/A
3/31/2020	2,691	-847	702	1,708	N/A
12/31/2019	2,936	-71	1,301	2,157	N/A
9/30/2019	2,499	-133	1,255	2,053	N/A
6/30/2019	1,910	-120	709	1,363	N/A
3/31/2019	896	-170	226	743	N/A
12/31/2018	150	-161	-156	235	N/A
9/30/2018	87	-127	-168	33	N/A
6/30/2018	66	-69	-168	-39	N/A
3/31/2018	40	-44	-148	-44	N/A
12/31/2017	38	-46	N/A	-37	N/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 (2.1%).

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 is expected to decline over the next 3 years (-11.8% per year).

High Growth Revenue: OKEA's revenue is forecast to decline over the next 3 years (-11.8% 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 (40.9%).

OKEA Future Growth

Future criteria checks 4/6

Key information

Recent future growth updates

OKEA ASA Provides Production Guidance for the Year 2024

Consensus EPS estimates increase from loss to kr0.379 profit

Consensus EPS estimates increase by 11%, revenue downgraded

Price target decreased by 11% to kr42.20

Consensus EPS estimates fall by 14%

Consensus revenue estimates increase by 11%

Recent updates

Full year 2023 earnings: EPS misses analyst expectations

Full year 2023 earnings released: kr9.00 loss per share (vs kr6.45 profit in FY 2022)

OKEA ASA Provides Production Guidance for the Year 2024

Consensus EPS estimates increase from loss to kr0.379 profit

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

Consensus EPS estimates increase by 11%, revenue downgraded

Price target decreased by 11% to kr42.20

OKEA ASA to Report Q2, 2024 Results on Jul 17, 2024

Investor sentiment deteriorates as stock falls 15%

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

Upcoming dividend of kr1.00 per share at 11% yield

Consensus EPS estimates fall by 14%

OKEA ASA Announces Dividend, Payment Date of 15 December 2023 (On or About)

Third quarter 2023 earnings released: EPS: kr0.31 (vs kr1.01 in 3Q 2022)

OKEA ASA Announces Impairment Charge for the Quarter

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

OKEA ASA Announces First Gas from Hasselmus

Now 23% undervalued

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

Consensus revenue estimates increase by 11%

Upcoming dividend of kr1.00 per share at 10% yield

M Vest Energy AS entered into an SPA to acquire Brasse license (PL740) from OKEA ASA (OB:OKEA).

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

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

Second quarter 2023 earnings released: EPS: kr0.66 (vs kr0.27 in 2Q 2022)

OKEA ASA Announces Cash Dividend for the Third Quarter 2023, Payable on or About 15 September 2023; Provides Dividend Guidance for the Fourth Quarter of 2023

Consensus EPS estimates fall by 11%

OKEA ASA to Report Q2, 2023 Results on Jul 13, 2023

Consensus EPS estimates fall by 11%

Upcoming dividend of kr1.00 per share at 13% yield

OKEA ASA Announces Board Appointments

OKEA ASA Announces Cash Dividend for Second Quarter of 2023, Payable on or About 15 June 2023; Provides Dividend Guidance for the Coming Quarter of 2023

Consensus revenue estimates increase by 11%, EPS downgraded

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

Consensus EPS estimates increase by 11%

Consensus EPS estimates increase by 11%

Price target decreased by 9.9% to kr46.25

Full year 2022 earnings: EPS and revenues miss analyst expectations

Consensus revenue estimates increase by 13%

Consensus revenue estimates increase by 13%

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

Upcoming dividend of kr1.00 per share at 13% yield

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

Consensus revenue estimates fall by 20%

Consensus revenue estimates fall by 25%

Price target decreased by 11% to kr56.33

Full year 2022 earnings: EPS and revenues miss analyst expectations

OKEA ASA Announces Dividend, Payable on or About 15 March 2023, Reaffirms Dividend Guidance for 2023

OKEA ASA Awards Four Licenses in APA 2022

Price target increased to kr63.50

Less than half of directors are independent

OKEA ASA, Together with Operator Neptune Energy and Licence Partners, Announce A New Discovery in the Calypso Exploration Well

OKEA ASA Provides Production Guidance for 2022 and Revises for 2023

OKEA ASA to Report Q1, 2023 Results on May 04, 2023

OKEA ASA Announces Drilling Starts at the Calypso Exploration Well (PL938)

OKEA ASA (OB:OKEA) completed the acquisition of Material Portfolio of Assets from Wintershall Dea Norge AS.

Bangchak Corporation Public Company Limited (SET:BCP) acquired 45.7% stakes in OKEA ASA (OB:OKEA).

OKEA ASA Approves Dividend for the Fourth Quarter of 2022, Payable on or About December 15, 2022; Provides Dividend Guidance for the Each Quarter of 2023

Repsol Norge AS, as Operator Informs OKEA ASA Production Outage at Yme Field

Investor sentiment deteriorated over the past week

Upcoming dividend of kr1.00 per share

Investor sentiment improved over the past week

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

Less than half of directors are independent

OKEA ASA Announces Cash Dividend, Payable on or about 15 September 2022

OKEA ASA Provides Production Guidance for the Year 2023

OKEA ASA (OB:OKEA) agreed to acquire Material Portfolio of Assets from Wintershall Dea AG for $117.5 million.

OKEA ASA Provides Dividend Guidance for the Third and Fourth Quarter of 2022