VAR Stock Overview
Operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 5/6 |
| Past Performance | 2/6 |
| Financial Health | 2/6 |
| Dividends | 2/6 |
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New Oil And Gas Projects Will Sustain Production Up To 400,000 Barrels Per Day Through 2030
Vår Energi AS Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | NOK 33.91 |
| 52 Week High | NOK 39.49 |
| 52 Week Low | NOK 29.32 |
| Beta | 0.032 |
| 1 Month Change | 6.97% |
| 3 Month Change | -3.91% |
| 1 Year Change | -4.88% |
| 3 Year Change | -10.76% |
| 5 Year Change | n/a |
| Change since IPO | 22.33% |
Recent News & Updates
Recent updates
Earnings Tell The Story For Vår Energi AS (OB:VAR)
Mar 14
Vår Energi AS Just Missed Earnings - But Analysts Have Updated Their Models
Feb 13
New Oil And Gas Projects Will Sustain Production Up To 400,000 Barrels Per Day Through 2030
Feb 09 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 27Vår Energi AS' (OB:VAR) Share Price Not Quite Adding Up
Dec 11Some Investors May Be Willing To Look Past Vår Energi's (OB:VAR) Soft Earnings
Oct 29Vår Energi AS (OB:VAR) Just Reported Third-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?
Oct 24Why Investors Shouldn't Be Surprised By Vår Energi AS' (OB:VAR) P/E
Sep 06We Think Vår Energi (OB:VAR) Is Taking Some Risk With Its Debt
Aug 16Vår Energi AS Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
Jul 26Estimating The Intrinsic Value Of Vår Energi AS (OB:VAR)
May 22These 4 Measures Indicate That Vår Energi (OB:VAR) Is Using Debt Extensively
Apr 15Shareholder Returns
| VAR | NO Oil and Gas | NO Market | |
|---|---|---|---|
| 7D | 3.9% | 3.1% | -0.6% |
| 1Y | -4.9% | -5.5% | 5.8% |
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 5.6% over the past year.
Price Volatility
| VAR volatility | |
|---|---|
| VAR Average Weekly Movement | 4.8% |
| Oil and Gas Industry Average Movement | 6.7% |
| Market Average Movement | 5.4% |
| 10% most volatile stocks in NO Market | 13.1% |
| 10% least volatile stocks in NO Market | 2.9% |
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 (5%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1965 | 1,400 | 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
| VAR fundamental statistics | |
|---|---|
| Market cap | NOK 84.65b |
| Earnings (TTM) | NOK 2.79b |
| Revenue (TTM) | NOK 77.55b |
30.3x
P/E Ratio1.1x
P/S RatioIs VAR overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| VAR income statement (TTM) | |
|---|---|
| Revenue | US$7.37b |
| Cost of Revenue | US$1.27b |
| Gross Profit | US$6.10b |
| Other Expenses | US$5.84b |
| Earnings | US$265.30m |
Last Reported Earnings
Dec 31, 2024
Next Earnings Date
Apr 23, 2025
| Earnings per share (EPS) | 0.11 |
| Gross Margin | 82.79% |
| Net Profit Margin | 3.60% |
| Debt/Equity Ratio | 610.5% |
How did VAR perform over the long term?
See historical performance and comparisonDividends
13.1%
Current Dividend Yield395%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/03/31 08:40 |
| End of Day Share Price | 2025/03/31 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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 21 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.
| Analyst | Institution |
|---|---|
| null null | ABG Sundal Collier |
| Lydia Rainforth | Barclays |
| Matthew Smith | BofA Global Research |