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BlueNord ASA (BNOR.OL)

NOK543.00 +0.00 (+0.00%)
NO OSL Energy Oil & Gas Exploration & Production
Address Nedre Vollgate 1 158
Oslo, NO
CEO Euan Shirlaw
IPO 2007-11-09
ISIN NO0010379266

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Also trades on London Stock Exchange · 0HTF.L (NOK) Oslo Stock Exchange · BNOR.OL (NOK) Oslo Stock Exchange · NOR.OL (NOK) Stuttgart Stock Exchange · CJ1.SG (EUR)
Description

BlueNord ASA is an oil and gas enterprise actively involved in the discovery, development, and extraction of hydrocarbon resources. Its operations extend across Norway, Denmark, the Netherlands, and the United Kingdom. The company's portfolio notably includes operational production centers and active fields situated on the Danish Continental Shelf. Founded in 2005, the firm transitioned its name from Norwegian Energy Company ASA to BlueNord ASA in April 2023. The corporate headquarters for BlueNord ASA are located in Oslo, Norway.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
NOK543.00 +0.00 (+0.00%)
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Volume Profile
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Liquidity & share structure
Average Volume
179.5K
Beta
-0.20
Float Shares
22.51M
Free Float %
88.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.11% +0.35% +5.83% +26.99% +15.51% +30.86% -5.22% +41.71% +325.33% +257.06% -18.71%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
543.00
DCF (Levered) 1,199.24 +120.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 57% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 3 0
Hold 2 +2
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.86
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
3 / 10
No MOAT
Composite Rating
B
Overall Score
3 / 5
Medium
DCF Score
5 / 5
High
ROE Score
5 / 5
High
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Oil & Gas Exploration & Production: +0.0%
    +46.7% Q2'26: +6.4% (vs Q2'25)
  • EPS growth Oil & Gas Exploration & Production: +11.9%
    +2,013.0% Q2'26: -42.9% (vs Q2'25)
  • FCF margin FCF growth · Oil & Gas Exploration & Production: +19.3%
    +21.8% Q2'26: +85.9% (vs Q2'25)
  • EBIT margin Oil & Gas Exploration & Production: +22.0%
    +23.7% Q2'26: +31.8% (vs Q2'25)
  • ROIC Oil & Gas Exploration & Production: +5.1%
    +14.5% Q2'26: +15.9% (vs Q2'25)
  • Share dilution Oil & Gas Exploration & Production: +0.0%
    -18.5% Q2'26: -3.3% (vs Q2'25)
  • Debt / EBITDA Net debt/EBITDA · Oil & Gas Exploration & Production: 0.70×
    2.78× Q2'26: 1.72× (vs Q2'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (-0.19) × ERP
WACC = 54% × Ke + 46% × Kd (10.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 543.00
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
4 Rev. Ana.
4 EPS Ana.
Dec 2027
6 Rev. Ana.
6 EPS Ana.
Dec 2028
6 Rev. Ana.
6 EPS Ana.
Dec 2029
5 Rev. Ana.
4 EPS Ana.
Dec 2030
3 Rev. Ana.
2 EPS Ana.
Revenue
51.94M
est.
1.27M
est: 640.4K (+98.7%)
1.22M
est: 942.3K (+29.2%)
2.00M
est: 104.77M (-98.1%)
333.00M
est: 370.47M (-10.1%)
567.00M
est: 573.20M (-1.1%)
565.30M
est: 540.73M (+4.5%)
966.90M
est: 1.04B (-6.7%)
795.10M
est: 67.96M (+1,070.0%)
702.30M
est: 710.83M (-1.2%)
1.03B
est: 958.96M (+7.4%)
1.22B
1.16B – 1.27B
+27.4% YoY
1.15B
975.63M – 1.26B
-5.6% YoY
1.12B
1.01B – 1.20B
-2.5% YoY
1.19B
1.07B – 1.27B
+5.9% YoY
1.21B
1.09B – 1.29B
+1.8% YoY
EBITDA
22.30M
est.
-3.93M
est: 274.9K (-1,530.7%)
-46.03M
est: 404.5K (-11,480.7%)
-15.00M
est: 44.98M (-133.4%)
-50.00M
est: 159.03M (-131.4%)
261.00M
est: 246.06M (+6.1%)
206.20M
est: 232.12M (-11.2%)
480.10M
est: 444.95M (+7.9%)
365.00M
est: 29.24M (+1,148.3%)
256.80M
est: 307.78M (-16.6%)
493.40M
est: 415.21M (+18.8%)
528.78M
502.08M – 547.95M
+27.4% YoY
499.27M
422.43M – 547.16M
-5.6% YoY
486.90M
438.31M – 518.40M
-2.5% YoY
515.80M
464.32M – 549.18M
+5.9% YoY
524.99M
472.59M – 558.95M
+1.8% YoY
EBIT
11.92M
est.
-3.93M
est: 147.0K (-2,776.3%)
-46.03M
est: 216.2K (-21,389.2%)
-15.00M
est: 24.04M (-162.4%)
-162.00M
est: 85.01M (-290.6%)
68.00M
est: 131.54M (-48.3%)
93.90M
est: 124.08M (-24.3%)
346.60M
est: 237.86M (+45.7%)
262.40M
est: 17.09M (+1,435.1%)
121.40M
est: 179.75M (-32.5%)
244.10M
est: 242.50M (+0.7%)
308.82M
293.23M – 320.02M
+27.4% YoY
291.59M
246.71M – 319.56M
-5.6% YoY
284.37M
255.98M – 302.76M
-2.5% YoY
301.25M
271.18M – 320.74M
+5.9% YoY
306.61M
276.01M – 326.45M
+1.8% YoY
Net Income
-141.83M
est.
33.55M
est: -3.75M (+995.6%)
-38.48M
est: -16.70M (-130.4%)
-17.00M
est: 3.68M (-561.4%)
215.00M
est: 580.58M (-63.0%)
17.00M
est: 20.22M (-15.9%)
-53.20M
est: 19.70M (-370.1%)
-8.80M
est: 80.85M (-110.9%)
109.80M
est: 2.73M (+3,928.7%)
-70.80M
est: 26.21M (-370.1%)
114.88M
est: 66.78M (+72.0%)
143.85M
95.65M – 192.05M
+115.4% YoY
157.74M
101.14M – 214.35M
+9.7% YoY
154.49M
71.23M – 237.74M
-2.1% YoY
149.94M
130.49M – 162.55M
-2.9% YoY
149.71M
130.29M – 162.30M
-0.2% YoY
SGA
653.7K
est.
347.0K
est: 8.1K (+4,205.7%)
3.17M
est: 11.9K (+26,599.4%)
17.00M
est: 1.32M (+1,189.2%)
14.00M
est: 4.66M (+200.2%)
5.00M
est: 7.21M (-30.7%)
8.20M
est: 6.81M (+20.5%)
15.30M
est: 13.05M (+17.3%)
9.40M
est: 884.1K (+963.2%)
8.40M
est: 9.29M (-9.6%)
11.60M
est: 12.54M (-7.5%)
15.97M
15.16M – 16.55M
+27.4% YoY
15.08M
12.76M – 16.52M
-5.6% YoY
14.70M
13.24M – 15.65M
-2.5% YoY
15.58M
14.02M – 16.58M
+5.9% YoY
15.85M
14.27M – 16.88M
+1.8% YoY
EPS
-4.43
est.
40.88
est: -0.12 (+35,049.1%)
-44.27
est: -0.52 (-8,387.8%)
-19.88
est: 0.12 (-17,376.4%)
128.39
est: 18.13 (+608.1%)
6.62
est: 0.63 (+948.3%)
-18.90
est: 0.62 (-3,172.4%)
-3.39
est: 2.52 (-234.3%)
6.87
est: 0.10 (+6,483.6%)
-0.28
est: 1.03 (-127.2%)
4.40
est: 2.62 (+68.0%)
5.79
3.67 – 7.36
+121.0% YoY
5.78
3.88 – 8.21
-0.2% YoY
5.34
2.73 – 9.11
-7.6% YoY
5.75
5.00 – 6.23
+7.6% YoY
5.74
4.99 – 6.22
-0.2% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-06 B 3/5 5/5 5/5 3/5 1/5 2/5 1/5
2026-05-05 B+ 3/5 4/5 5/5 4/5 1/5 3/5 2/5
2026-05-04 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-30 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-29 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-28 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-27 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-24 A- 4/5 5/5 5/5 4/5 1/5 3/5 2/5
2026-04-23 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-22 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-21 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-20 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-17 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5
2026-04-16 A- 4/5 5/5 5/5 5/5 1/5 3/5 2/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.45B
OE per share TTM
56.09
Owner's Yield
9.79%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
299.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 76 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI Norway ETF ENOR 0.56% 512.1K 0.53%
2 Global X - MSCI Norway ETF NORW 0.56% 477.6K 0.50%
3 iShares Oil & Gas Exploration & Production UCITS ETF IOGP.L 0.19% 759.2K 0.55%
4 ALPS Funds CoreCommodity Natural Resources ETF CCNR 0.15% 566.1K 0.39%
5 iShares MSCI Europe Small-Cap ETF IEUS 0.08% 132.5K 0.41%
6 Xtrackers MSCI Europe Small Cap UCITS ETF 1C XXSC.L 0.07% 2.56M 0.30%
7 FlexShares Morningstar Developed Markets ex-US Factor Tilt Index Fund TLTD 0.07% 446.1K 0.41%
8 State Street SPDR MSCI Europe Small Cap Value Weighted UCITS ETF EUR Acc ZPRX.DE 0.06% 468.4K 0.30%
9 iShares $ Treasury Bond 3-7yr UCITS ETF CBUG.DE 0.05% 228.9K 0.10%
10 Avantis International Small Cap Equity ETF AVDS 0.05% 146.3K 0.30%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
6.10M
Shares Outstanding
25.57M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Euan Shirlaw Chief Executive Officer 11M male
Jacqueline Lindmark Boye Chief Financial Officer 7M female
Miriam Jager Lykke Chief Operating Officer 5M female
Cathrine F. Torgersen Chief Corporate Affairs Officer 5M female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits