Vår Energi (OB:VAR) - Stock Price, News & Analysis

VAR Stock Overview

Vår Energi AS operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway.

VAR fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	3/6
Financial Health	2/6
Dividends	2/6

Rewards

Trading at 15.1% below our estimate of its fair value

Earnings are forecast to grow 17.18% per year

Risk Analysis

Dividend of 12.33% is not well covered by earnings or cash flows

Has a high level of debt

Vår Energi AS Competitors

Aker BP

OB:AKRBP

kr178.5b

BlueNord

OB:BNOR

kr14.9b

DNO

OB:DNO

kr9.9b

BW Energy

OB:BWE

kr7.3b

Price History & Performance

Summary of all time highs, changes and price drops for Vår Energi
Historical stock prices
Current Share Price	kr36.96
52 Week High	kr39.36
52 Week Low	kr24.47
Beta	0.13
1 Month Change	3.67%
3 Month Change	20.08%
1 Year Change	32.47%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	33.33%

These 4 Measures Indicate That Vår Energi (OB:VAR) Is Using Debt Extensively

Apr 15

Recent updates

Investors Shouldn't Overlook Vår Energi's (OB:VAR) Impressive Returns On Capital

Jun 19

Investors Aren't Buying Vår Energi AS' (OB:VAR) Earnings

May 06

Why We Like The Returns At Vår Energi (OB:VAR)

Feb 17

Is Vår Energi AS (OB:VAR) Worth kr34.4 Based On Its Intrinsic Value?

Jan 03

The Strong Earnings Posted By Vår Energi (OB:VAR) Are A Good Indication Of The Strength Of The Business

Aug 03

Earnings Miss: Vår Energi AS Missed EPS By 88% And Analysts Are Revising Their Forecasts

Jul 29

Vår Energi AS' (OB:VAR) Intrinsic Value Is Potentially 84% Above Its Share Price

Jul 09

Shareholder Returns

	VAR	NO Oil and Gas	NO Market
7D	-0.3%	0.9%	0.9%
1Y	32.5%	8.4%	4.6%

Return vs Industry: VAR exceeded the Norwegian Oil and Gas industry which returned 8.4% over the past year.

Return vs Market: VAR exceeded the Norwegian Market which returned 4.6% over the past year.

Price Volatility

Is VAR's price volatile compared to industry and market?
VAR volatility
VAR Average Weekly Movement	4.0%
Oil and Gas Industry Average Movement	4.8%
Market Average Movement	5.2%
10% most volatile stocks in NO Market	10.5%
10% least volatile stocks in NO Market	2.9%

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

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

About the Company

Founded	Employees	CEO	Website
1965	1,300	Nick Walker	www.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, liquified natural gas, 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 cap	kr92.27b
Earnings (TTM)	kr5.49b
Revenue (TTM)	kr73.45b

16.8x

P/E Ratio

1.3x

P/S Ratio

Is VAR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
VAR income statement (TTM)
Revenue	US$6.68b
Cost of Revenue	US$1.13b
Gross Profit	US$5.54b
Other Expenses	US$5.04b
Earnings	US$499.08m

Last Reported Earnings

Mar 31, 2024

Next Earnings Date

Jul 23, 2024

Earnings per share (EPS)	0.20
Gross Margin	83.05%
Net Profit Margin	7.48%
Debt/Equity Ratio	307.1%

How did VAR perform over the long term?

See historical performance and comparison

Dividends

12.3%

Current Dividend Yield

226%

Payout Ratio

VAR Stock Overview

Rewards

Risk Analysis

Vår Energi AS Competitors

OB:AKRBP

kr178.5b

OB:BNOR

kr14.9b

OB:DNO

kr9.9b

OB:BWE

kr7.3b

Price History & Performance

Recent News & Updates

Consensus EPS estimates fall by 11%

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Vår Energi AS Resolves to Pay Dividend to Fourth Quarter of 2024, Payable on May 8, 2024

Vår Energi AS Announces New Oil Discovery in the North Sea

Now 21% undervalued

These 4 Measures Indicate That Vår Energi (OB:VAR) Is Using Debt Extensively

Recent updates

Consensus EPS estimates fall by 11%

First quarter 2024 earnings: EPS and revenues miss analyst expectations

Vår Energi AS Resolves to Pay Dividend to Fourth Quarter of 2024, Payable on May 8, 2024

Vår Energi AS Announces New Oil Discovery in the North Sea

Now 21% undervalued

These 4 Measures Indicate That Vår Energi (OB:VAR) Is Using Debt Extensively

Vår Energi's (OB:VAR) Soft Earnings Don't Show The Whole Picture

Full year 2023 earnings: EPS misses analyst expectations

The Price Is Right For Vår Energi AS (OB:VAR)

Fourth quarter dividend of kr1.14 announced

Full year 2023 earnings released: EPS: US$0.24 (vs US$0.38 in FY 2022)

Vår Energi Asa Resolve to Pay Dividend for the Fourth Quarter of 2023, Payable on February 27, 2024

Vår Energi AS (OB:VAR) completed the acquisition of Neptune Energy Norge AS from Neptune Energy Group Holdings Limited.

Vår Energi AS Confirms Drilling Operations on the Exploration Wells Targeting the Hubert and Magellan Prospects in PL 917 Have Been Concluded

Now 22% undervalued after recent price drop

Is There An Opportunity With Vår Energi AS' (OB:VAR) 21% Undervaluation?

Vår Energi AS to Report Q3, 2024 Results on Oct 22, 2024

Upcoming dividend of kr1.20 per share at 13% yield

Third quarter 2023 earnings: Revenues miss analyst expectations

Petrolia NOCO AS signed an agreement to acquire a 12.2575% stake in Brage field on the Norwegian Continental Shelf from Vår Energi AS.

An unknown buyer acquired a 6.3% stake in Vår Energi AS (OB:VAR) from Point Resources Holding AS for NOK 4.6 billion.

Vår Energi AS Narrows Oil and Gas Production Guidance for the Full Year 2023

Vår Energi ASA Announces Re-Designation of Torger Rød as COO from CEO

Vår Energi AS (OB:VAR) Shares Could Be 48% Below Their Intrinsic Value Estimate

Now 20% undervalued

Consensus EPS estimates fall by 13%

Upcoming dividend of kr1.09 per share at 15% yield

New major risk - Dividend sustainability

Vår Energi AS Provides Production Guidance for Full Year 2023

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

Vår Energi as Announces Dividend, Payable on August 14, 2023

Vår Energi AS (OB:VAR) entered into an agreement to acquire Neptune Energy Norge AS from Neptune Energy Group Holdings Limited for an enterprise value of $2.3 billion.

Investors Shouldn't Overlook Vår Energi's (OB:VAR) Impressive Returns On Capital

Investors Aren't Buying Vår Energi AS' (OB:VAR) Earnings

Consensus EPS estimates fall by 19%

Now 22% undervalued after recent price drop

Insider recently bought kr54k worth of stock

Full year 2022 earnings: EPS exceeds analyst expectations

Insider recently bought kr159k worth of stock

Full year 2022 earnings: EPS exceeds analyst expectations

Consensus EPS estimates fall by 24%

Vår Energi ASA Announces Cash Dividend for fourth quarter 2022, Payable March 3, 2023

Why We Like The Returns At Vår Energi (OB:VAR)

Vår Energi AS Provides Production Guidance for the Full Year 2023

Consensus EPS estimates increase by 22%

Consensus forecasts updated

Is Vår Energi AS (OB:VAR) Worth kr34.4 Based On Its Intrinsic Value?

Vår Energi AS to Report Fiscal Year 2022 Results on Mar 30, 2023

Consensus EPS estimates fall by 43%

Third quarter 2022 earnings: Revenues miss analyst expectations

Vår Energi AS Announces Dividend, Payable on November 9, 2022

Consensus EPS estimates fall by 10%

Now 27% undervalued after recent price drop

Vår Energi AS Revises Production Guidance for the Full-Year 2022

Vår Energi Announces Atle Reinseth as New Executive on Board

Now 21% undervalued after recent price drop

Vår Energi ASA Provides Update on Balder X Project

Consensus EPS estimates increase by 16%

Vår Energi AS (OB:VAR) agreed to acquire 30% stake in Licenses PL820 S and PL 820 SB in the North Sea from Lime Petroleum AS, Pandion Energy AS and Aker BP ASA (OB:AKRBP).