Vår Energi AS

OB:VAR Stock Report

Market Cap: NOK 92.7b

Vår Energi Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Nick Walker

Chief executive officer

US$1.2m

Total compensation

CEO salary percentage25.4%
CEO tenure1.3yrs
CEO ownership0.02%
Management average tenure1.3yrs
Board average tenureno data

Recent management updates

Recent updates

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

Estimating The Intrinsic Value Of Vår Energi AS (OB:VAR)

May 22
Estimating The Intrinsic Value Of Vår Energi AS (OB:VAR)

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

Apr 15
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

Mar 25
Vår Energi's (OB:VAR) Soft Earnings Don't Show The Whole Picture

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

Mar 06
The Price Is Right For Vår Energi AS (OB:VAR)

CEO Compensation Analysis

How has Nick Walker's remuneration changed compared to Vår Energi's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

US$577m

Jun 30 2024n/an/a

US$601m

Mar 31 2024n/an/a

US$492m

Dec 31 2023US$1mUS$293k

US$602m

Compensation vs Market: Nick's total compensation ($USD1.16M) is about average for companies of similar size in the Norwegian market ($USD967.14K).

Compensation vs Earnings: Insufficient data to compare Nick's compensation with company performance.

CEO

Nick Walker (62 yo)

1.3yrs

Tenure

US$1,155,000

Compensation

Mr. Nicholas John Robert Walker, also known as Nick, serves as CEO at Vår Energi AS since September 05, 2023. He was Chief Executive Officer of Cairn Oil & Gas of Vedanta Limited from January 5, 2023 until...

Leadership Team

NamePositionTenureCompensationOwnership
Nicholas John Walker
Chief Executive Officer1.3yrsUS$1.16m0.019%
NOK 18.0m
Torger Rod
Chief Operating Officer1.3yrsUS$1.79m0.010%
NOK 9.6m
Tone Rognstad
Executive Vice President People & Communicationno dataUS$450.00k0.0019%
NOK 1.7m
Ellen Hoddell
Executive Vice President of Sustainability & Safety2.2yrsUS$374.00k0.0010%
NOK 935.9k
Carlo Santopadre
Chief Financial Officerless than a yearno datano data
Ida Fjellheim
Vice President of Investor Relationsno datano datano data
Sverre Bjelland
Executive Vice President of Legal & Complianceno datano datano data
Ove Helle
Senior Vice President of Internal Audit2.2yrsUS$400.00kno data
Alessandro Barberis
Vice President of Explorationno dataUS$380.87kno data
Odd Vårdal
Development and Technology Managerno datano datano data
Orjan Jentoft
Vice President of Partner Operated Assetsno dataUS$399.93kno data
Annethe Gjerde
Vice President of Contracts & Procurementno dataUS$311.40kno data

1.3yrs

Average Tenure

53.5yo

Average Age

Experienced Management: VAR's management team is not considered experienced ( 1.3 years average tenure), which suggests a new team.

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/08 08:14
End of Day Share Price 2025/01/08 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

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 here.

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 .

Analyst Sources

Vår Energi AS is covered by 18 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
Lydia RainforthBarclays
Matthew SmithBofA Global Research
Jørgen LandeDanske Bank