Vår Energi ASA (VAR) Stock Price, Fundamentals & Analysis

What VAR does

Vår Energi ASA (VAR) is an independent upstream oil and gas company operating on the Norwegian continental shelf. It produces crude oil and natural gas liquids, and it is involved in the production, development, and exploration of assets on the Norwegian Continental Shelf (NCS). Formerly known as Eni Norge AS, the company changed its name to Vår Energi AS in December 2018 and is a subsidiary of Eni International B.V. On the Oslo Børs, VAR is part of the OBX index and is often compared with peers such as Aker BP (AKRBP), Frontline (FRO), TGS ASA (TGS), Subsea 7 (SUBC), and Equinor (EQNR).

Key numbers explained

• 51.1 NOK is the current share price, which is the latest traded price on the Oslo Børs.
• -4.09% is the price change today, showing the intraday percentage move relative to the previous close.
• The trailing P/E ratio of 10.2 divides the current share price by the last twelve months of earnings per share (5.03 USD), giving a sense of how the market values each dollar of recent earnings.
• The forward P/E ratio of 11 uses expected future earnings instead of past earnings, which can reflect analyst estimates of growth or decline.
• A dividend yield of 10.61% means the annual dividend payment represents roughly 10.61% of the current share price, calculated as dividends per share divided by price.
• The ex-dividend date of 21 aug. 2026 is the cutoff: buyers on or after this date do not receive the next dividend.
• 92% of earnings paid out as dividends indicates a high payout ratio, meaning most of the company's profit is returned to shareholders rather than retained.
• 127,56 mld. NOK is the market capitalization, the total market value of all outstanding shares.
• -0.48 is the beta, which measures sensitivity to market moves; a negative beta suggests the stock tends to move opposite to the broader market.
• The 52-week range of 31 – 55.34 shows the lowest and highest prices traded over the past year, with the current price sitting near the upper end.
• 54% is the price change over the last 52 weeks, reflecting the year-over-year return from one year ago to today.
• 10,67 mld. USD in trailing 12-month revenue and 102.7% year-over-year revenue growth show how fast top-line sales have expanded.
• 13% profit margin and 59.4% operating margin indicate how much of each revenue dollar remains as profit after costs and operating expenses.
• 94% return on equity measures how effectively the company generates profit from shareholders' equity.
• A debt-to-equity ratio of 307.7% means the company carries more than three times as much debt as equity, which can amplify returns but also risk.
• 58.63 price-to-book compares the share price to the company's book value per share, often used to assess whether a stock is priced above or below its accounting net asset value.

What to watch

• Oil and gas prices on global markets, which directly affect VAR's revenue and margins.
• Production volumes and exploration results on the Norwegian Continental Shelf.
• Currency movements, especially NOK/USD, given that earnings are reported in USD.
• Regulatory and policy changes in Norway's energy sector that could affect operating costs or investment incentives.
• General macroeconomic conditions, including interest rates and energy transition policies, which influence capital allocation and demand for hydrocarbons.
• Peer activity on the Oslo Børs, including companies like BW LPG (BWLPG) and PetroChina (601857), which can shift sentiment across the energy space.