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Vår Energi AS (VAR.OL)
NOK42.67
-0.36 (-0.84%)
NO OSL Energy Oil & Gas Exploration & Production
Address
Vestre Svanholmen 1 4313
Sandnes, NO
Sandnes, NO
CEO
Nicholas John Robert Walker
Website
varenergi.no
IPO
2022-02-16
ISIN NO0011202772
Description
Vår Energi AS functions as an autonomous enterprise primarily focused on the upstream oil and gas sector, engaging in the exploration, development, and extraction of hydrocarbons. The company directly manages four significant fields on the Norwegian continental shelf—Goliat, Marulk, Balder, and the Ringhorne and Ringhorne East fields—which are situated across the Barents, Norwegian, and North Seas. Additionally, it holds ownership stakes in 32 other active, partner-operated fields within the Norwegian continental shelf. Its reported reserves in this area amount to 1,147 million barrels of oil equivalent. Established in 1965, the company, with its headquarters in Sandnes, Norway, adopted its current name, Vår Energi AS, in December 2018, having previously been known as Eni Norge AS. It operates as a subsidiary of Eni International B.V.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
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
NOK42.67
-0.36 (-0.84%)
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Volume Profile
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Liquidity & share structure
Average Volume
9M
Beta
-0.50
Float Shares
903.51M
Free Float %
36.2%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.48% | -1.64% | -2.98% | +28.29% | +43.95% | +36.32% | +49.82% | +82.78% | +64.25% | +64.25% | +64.25% |
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
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
42.67
DCF (Levered)
391.18
+816.8%
Ratings Trend (MoM)
59% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 5 | 0 |
| Buy | 5 | 0 |
| Hold | 5 | 0 |
| Sell | 2 | -1 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
1.13
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
B-
Overall Score
3 / 5
Medium
DCF Score
3 / 5
Medium
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
★ Strong MOAT
-
Revenue growth Oil & Gas Exploration & Production: +1.3%+8.1% ★ Q1'26: +45.0% (vs Q1'25)
-
EPS growth Oil & Gas Exploration & Production: +11.4%+158.3% ★ Q1'26: -22.2% (vs Q1'25)
-
FCF margin Oil & Gas Exploration & Production: +28.4%+12.9% Q1'26: +17.9% (vs Q1'25)
-
EBIT margin Oil & Gas Exploration & Production: +24.1%+55.9% ★ Q1'26: +55.7% (vs Q1'25)
-
ROIC Oil & Gas Exploration & Production: +6.3%+42.3% ★ Q1'26: +59.3% (vs Q1'25)
-
Share dilution Oil & Gas Exploration & Production: 0.0%0.0% ★ Q1'26: +14.7% (vs Q1'25)
-
Debt / EBITDA Oil & Gas Exploration & Production: 0.54×0.86× Q1'26: 0.65× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
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.
Consensus Estimates
| Metric |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 13 Rev. Ana. 13 EPS Ana. |
Dec 2027 14 Rev. Ana. 14 EPS Ana. |
Dec 2028 12 Rev. Ana. 11 EPS Ana. |
Dec 2029 11 Rev. Ana. 4 EPS Ana. |
Dec 2030 6 Rev. Ana. 4 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
6.04B
est: 6.07B (-0.4%)
|
9.78B
est: 9.89B (-1.1%)
|
6.82B
est: 674.48M (+910.6%)
|
7.37B
est: 7.57B (-2.6%)
|
7.97B
est: 8.17B (-2.5%)
|
12.04B
11.08B – 13.18B
+47.3% YoY
|
9.94B
8.34B – 11.22B
-17.4% YoY
|
8.97B
7.93B – 9.95B
-9.8% YoY
|
9.26B
8.18B – 10.28B
+3.3% YoY
|
9.13B
8.07B – 10.14B
-1.4% YoY
|
| EBITDA |
4.45B
est: 3.37B (+32.0%)
|
7.31B
est: 5.50B (+33.0%)
|
4.78B
est: 511.89M (+834.5%)
|
5.23B
est: 5.74B (-9.0%)
|
7.17B
est: 6.20B (+15.5%)
|
9.14B
8.41B – 10.00B
+47.3% YoY
|
7.55B
6.33B – 8.51B
-17.4% YoY
|
6.81B
6.02B – 7.55B
-9.8% YoY
|
7.03B
6.21B – 7.80B
+3.3% YoY
|
6.93B
6.13B – 7.69B
-1.4% YoY
|
| EBIT |
2.75B
est: 1.56B (+76.1%)
|
5.86B
est: 2.54B (+130.6%)
|
3.36B
est: 344.77M (+874.9%)
|
3.31B
est: 3.87B (-14.5%)
|
4.46B
est: 4.18B (+6.7%)
|
6.15B
5.66B – 6.74B
+47.3% YoY
|
5.08B
4.26B – 5.73B
-17.4% YoY
|
4.58B
4.05B – 5.09B
-9.8% YoY
|
4.73B
4.18B – 5.25B
+3.3% YoY
|
4.67B
4.13B – 5.18B
-1.4% YoY
|
| Net Income |
654.36M
est: 679.20M (-3.7%)
|
936.40M
est: 989.13M (-5.3%)
|
610.23M
est: 612.61M (-0.4%)
|
327.11M
est: 665.19M (-50.8%)
|
846.40M
est: 872.96M (-3.0%)
|
1.44B
1.11B – 1.76B
+64.9% YoY
|
1.06B
792.05M – 1.32B
-26.6% YoY
|
1.03B
728.22M – 1.34B
-2.1% YoY
|
998.98M
848.04M – 1.14B
-3.3% YoY
|
1.06B
901.78M – 1.21B
+6.3% YoY
|
| SGA |
26.50M
est: 28.08M (-5.6%)
|
26.33M
est: 45.74M (-42.4%)
|
28.77M
est: 2.83M (+915.1%)
|
35.34M
est: 31.81M (+11.1%)
|
39.20M
est: 34.34M (+14.2%)
|
50.59M
46.57M – 55.40M
+47.3% YoY
|
41.79M
35.03M – 47.13M
-17.4% YoY
|
37.69M
33.31M – 41.83M
-9.8% YoY
|
38.92M
34.39M – 43.19M
+3.3% YoY
|
38.38M
33.92M – 42.60M
-1.4% YoY
|
| EPS |
0.26
est: 0.27 (-4.4%)
|
0.38
est: 0.40 (-4.1%)
|
0.24
est: 0.25 (-2.6%)
|
0.12
est: 0.27 (-55.2%)
|
0.31
est: 0.35 (-11.7%)
|
0.61
0.45 – 0.71
+74.0% YoY
|
0.43
0.32 – 0.53
-29.5% YoY
|
0.37
0.29 – 0.54
-14.8% YoY
|
0.40
0.34 – 0.46
+8.9% YoY
|
0.43
0.36 – 0.49
+6.3% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-29 | B- | 3/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-28 | B- | 3/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-27 | B- | 3/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-26 | B- | 3/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-22 | B- | 3/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-21 | B- | 3/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-20 | B- | 3/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-19 | B- | 3/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-18 | B- | 3/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-15 | B- | 3/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-13 | B- | 3/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-12 | B- | 3/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-11 | B- | 3/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-08 | B- | 3/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-07 | B- | 3/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-06 | B- | 3/5 | 3/5 | 5/5 | 3/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-05 | B | 3/5 | 3/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-05-04 | B | 3/5 | 3/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-30 | B | 3/5 | 3/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-29 | B | 3/5 | 3/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-28 | B | 3/5 | 3/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-27 | B | 3/5 | 3/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-24 | B | 3/5 | 3/5 | 5/5 | 4/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-23 | B | 3/5 | 3/5 | 5/5 | 5/5 | 1/5 | 2/5 | 1/5 |
| 2026-04-22 | B+ | 3/5 | 3/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-21 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-20 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-17 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-16 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-15 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-14 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-13 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
| 2026-04-10 | B+ | 3/5 | 4/5 | 5/5 | 5/5 | 1/5 | 3/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
5.65B
OE per share TTM
2.27
Owner's Yield
4.98%
Maintenance CapEx ratio
422.24%
Maint CapEx / Avg PPE
262.0%
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.
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
3.18M
Shares Outstanding
2.50B
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
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Nicholas John Robert Walker | Chief Executive Officer | 23M | male |
| Torger Rod | Chief Operating Officer | 19M | male |
| Sverre Bjelland | Executive Vice President of Legal, Compliance & Public Affairs | 9M | male |
| Tone Rognstad | Executive Vice President of People, Communication, IT & Digital | 6M | female |
| Ellen Waldeland Hoddell | Executive Vice President of Sustainability & Safety | 5M | female |
| Carlo Santopadre | Chief Financial Officer | 4M | male |
| Charlotte V. Saunders | Vice President of Corporate Services | 3M | female |
| Ove Mikal Helle | Senior Vice President of Internal Audit | 3M | male |
| Annethe Gjerde | Vice President of Contracts & Procurement | 3M | female |
| Ida Marie Fjellheim | Vice President of Investor Relations | — | — |
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
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for VAR.OL
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
