ShaMaran Petroleum (SNM) Stock Overview

Engages in oil and gas exploration and production. More details

SNM fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	0/6
Past Performance	2/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 58.1% below our estimate of its fair value

Risk Analysis

Shares are highly illiquid

Earnings are forecast to decline by an average of 14.8% per year for the next 3 years

Profit margins (28.6%) are lower than last year (66.5%)

SNM Community Fair Values

Create Narrative

See what others think this stock is worth. Follow their fair value or set your own to get alerts.

View all narratives

ShaMaran Petroleum Ltd. Competitors

Price History & Performance

Summary of share price highs, lows and changes for ShaMaran Petroleum
Historical stock prices
Current Share Price	US$1.27
52 Week High	US$1.39
52 Week Low	US$1.26
Beta	0.89
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	-6.59%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	SNM	NO Oil and Gas	NO Market
7D	n/a	3.4%	0.06%
1Y	n/a	40.2%	16.0%

Return vs Industry: Insufficient data to determine how SNM performed against the Norwegian Oil and Gas industry.

Return vs Market: Insufficient data to determine how SNM performed against the Norwegian Market.

Price Volatility

Is SNM's price volatile compared to industry and market?
SNM volatility
SNM Average Weekly Movement	n/a
Oil and Gas Industry Average Movement	7.1%
Market Average Movement	5.5%
10% most volatile stocks in NO Market	11.3%
10% least volatile stocks in NO Market	3.1%

Stable Share Price: SNM's share price has been volatile over the past 3 months compared to the Norwegian market.

Volatility Over Time: Insufficient data to determine SNM's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1991	n/a	Garrett Douglas Soden	shamaranpetroleum.com

ShaMaran Petroleum Ltd., together with its subsidiaries, engages in oil and gas exploration and production. It has working interest in the Atrush Block in the Kurdistan region of Iraq, as well as holds working interest in the Sarsang Block in the Kurdistan region of Iraq. The company was incorporated in 1991 and is headquartered in Hamilton, Bermuda.

ShaMaran Petroleum Ltd. Fundamentals Summary

How do ShaMaran Petroleum's earnings and revenue compare to its market cap?
SNM fundamental statistics
Market cap	NOK 2.73b
Earnings (TTM)	NOK 426.56m
Revenue (TTM)	NOK 1.49b

6.4x

P/E Ratio

1.8x

P/S Ratio

Is SNM overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
SNM income statement (TTM)
Revenue	US$157.02m
Cost of Revenue	US$38.21m
Gross Profit	US$118.81m
Other Expenses	US$73.85m
Earnings	US$44.96m

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

Aug 05, 2026

Earnings per share (EPS)	0.016
Gross Margin	75.67%
Net Profit Margin	28.63%
Debt/Equity Ratio	49.9%

How did SNM perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/06/11 11:40
End of Day Share Price	2026/06/11 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

ShaMaran Petroleum Ltd. is covered by 9 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
David Beddis	ATB Cormark Historical (Cormark Securities)
Oddvar Bjørgan	DNB Carnegie
William Forbes	Edison Investment Research