Vår Energi (VAR) Stock Overview

Operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway. More details

VAR fundamental analysis
Snowflake Score
Valuation2/6
Future Growth3/6
Past Performance4/6
Financial Health2/6
Dividends2/6

VAR Community Fair Values

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Vår Energi AS Competitors

Price History & Performance

Summary of share price highs, lows and changes for Vår Energi
Historical stock prices
Current Share PriceNOK 33.99
52 Week HighNOK 39.49
52 Week LowNOK 26.81
Beta-0.020
1 Month Change6.49%
3 Month Change21.48%
1 Year Change-5.43%
3 Year Change-6.36%
5 Year Changen/a
Change since IPO22.62%

Recent News & Updates

Risks To Shareholder Returns Are Elevated At These Prices For Vår Energi AS (OB:VAR)

Jul 07
Risks To Shareholder Returns Are Elevated At These Prices For Vår Energi AS (OB:VAR)

Recent updates

Risks To Shareholder Returns Are Elevated At These Prices For Vår Energi AS (OB:VAR)

Jul 07
Risks To Shareholder Returns Are Elevated At These Prices For Vår Energi AS (OB:VAR)

Vår Energi AS Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Apr 03
Vår Energi AS Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Earnings Tell The Story For Vår Energi AS (OB:VAR)

Mar 14
Earnings Tell The Story For Vår Energi AS (OB:VAR)

Vår Energi AS Just Missed Earnings - But Analysts Have Updated Their Models

Feb 13
Vår Energi AS Just Missed Earnings - But Analysts Have Updated Their Models
author-image

New Oil And Gas Projects Will Sustain Production Up To 400,000 Barrels Per Day Through 2030

Vår Energi expects production growth and strategic projects to boost long-term revenue and earnings through increased production capacity and low-cost operations.

Here's Why Vår Energi (OB:VAR) Has A Meaningful Debt Burden

Jan 27
Here's Why Vår Energi (OB:VAR) Has A Meaningful Debt Burden

Vår Energi AS' (OB:VAR) Share Price Not Quite Adding Up

Dec 11
Vår Energi AS' (OB:VAR) Share Price Not Quite Adding Up

Some Investors May Be Willing To Look Past Vår Energi's (OB:VAR) Soft Earnings

Oct 29
Some Investors May Be Willing To Look Past Vår Energi's (OB:VAR) Soft Earnings

Vår Energi AS (OB:VAR) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Oct 24
Vår Energi AS (OB:VAR) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Why Investors Shouldn't Be Surprised By Vår Energi AS' (OB:VAR) P/E

Sep 06
Why Investors Shouldn't Be Surprised By Vår Energi AS' (OB:VAR) P/E

We Think Vår Energi (OB:VAR) Is Taking Some Risk With Its Debt

Aug 16
We Think Vår Energi (OB:VAR) Is Taking Some Risk With Its Debt

Vår Energi AS Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Jul 26
Vår Energi AS Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Shareholder Returns

VARNO Oil and GasNO Market
7D2.3%2.4%0.3%
1Y-5.4%-7.1%7.6%

Return vs Industry: VAR exceeded the Norwegian Oil and Gas industry which returned -7.1% over the past year.

Return vs Market: VAR underperformed the Norwegian Market which returned 7.6% over the past year.

Price Volatility

Is VAR's price volatile compared to industry and market?
VAR volatility
VAR Average Weekly Movement4.0%
Oil and Gas Industry Average Movement5.8%
Market Average Movement5.2%
10% most volatile stocks in NO Market13.6%
10% least volatile stocks in NO Market2.9%

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

Volatility Over Time: VAR's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19651,400Nick Walkerwww.varenergi.no

Vår Energi AS operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway. It produces crude oil and natural gas liquids. The company was formerly known as Eni Norge AS and changed its name to Vår Energi AS in December 2018.

Vår Energi AS Fundamentals Summary

How do Vår Energi's earnings and revenue compare to its market cap?
VAR fundamental statistics
Market capNOK 84.85b
Earnings (TTM)NOK 6.27b
Revenue (TTM)NOK 73.58b
13.5x
P/E Ratio
1.2x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VAR income statement (TTM)
RevenueUS$7.26b
Cost of RevenueUS$1.19b
Gross ProfitUS$6.07b
Other ExpensesUS$5.45b
EarningsUS$618.73m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

Jul 22, 2025

Earnings per share (EPS)0.25
Gross Margin83.63%
Net Profit Margin8.53%
Debt/Equity Ratio522.4%

How did VAR perform over the long term?

See historical performance and comparison

Dividends

12.6%
Current Dividend Yield
173%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/07/11 07:13
End of Day Share Price 2025/07/11 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

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

Vår Energi AS is covered by 23 analysts. 13 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
Lydia RainforthBarclays
Matthew SmithBofA Global Research