Var Energi ASA (VAR)

Currency in NOK
58.08
+1.24(+2.18%)
Real-time Data·
Trading near 52-week High
High dividend Yield
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Fair Value
Day's Range
56.9658.32
52 wk Range
31.0058.32
Key Statistics
Prev. Close
56.84
Open
57.4
Day's Range
56.96-58.32
52 wk Range
31-58.32
Volume
1.77M
Average Volume (3m)
5.37M
1-Year Change
76.535%
Book Value / Share
7,87
Fair Value
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Fair Value Upside
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VAR Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
55.24
Downside
-4.89%
Members' Sentiments
Bearish
Bullish
ProTips
Analysts anticipate sales growth in the current year

Var Energi ASA News & Analysis

Show more

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Buy
Technical Indicators
Strong Buy
Moving Averages
Strong Buy

Analyst Ratings

9 Buy
4 Hold
2 Sell
Ratings:
15 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 55.24
(-4.89% Downside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
JPMorgan
Buy63.00+8.43%54.00MaintainOct 22, 2026
Citi
Buy60.00+3.27%57.00MaintainOct 22, 2026
RBC Capital
Hold60.00+3.27%55.00MaintainOct 22, 2026
Barclays
Buy60.00+3.27%58.00MaintainOct 05, 2026
Citi
Buy57.00-1.89%48.00MaintainSep 25, 2026

Var Energi ASA Earnings Call Summary for Q3/2026

  • Q3 revenue surged 70% YoY to $3.6B with operating cash flow of $1.5B; net debt fell to $3.1B and leverage improved to 0.3x from 0.8x.
  • Quarterly dividend raised to $400M (maintained for Q4); full-year 2026 dividends expected at $1.45B vs $1.2B in 2025, reflecting strong cash generation.
  • Q3 production averaged 369K BOE/day due to temporary facility issues; management guided Q4 output to rebound to 410K BOE/day as turnarounds conclude.
  • Full-year 2026 production outlook maintained at 390K BOE/day (lower end of range); production costs raised to $11/bbl from $10 due to stronger Norwegian krone.
  • BlueNord acquisition on track for year-end close, targeting 450K BOE/day combined output and $250M-$300M in synergies to create Europe's largest independent.
Last Updated: 2026/10/21, 11:10
Read Full Transcript

Earnings

Latest Release
Oct 21, 2026
EPS / Forecast
0,11 / 0,17
Revenue / Forecast
3,57B / 3,38B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 5,19
Dividend Yield
8.59%
Industry Median 4.72%
Annualised payout
4.89
Paid unevenly
5-Years Growth
-
Growth Streak

VAR Income Statement

Compare VAR to Peers and Sector

Metrics to compare
VAR
Peers
Sector
Relationship
P/E Ratio
11.6x10.1x5.3x
PEG Ratio
0.100.070.00
Price/Book
7.6x1.8x1.1x
Price / LTM Sales
1.4x1.6x1.5x
Upside (Analyst Target)
−2.7%−8.6%27.3%
Fair Value Upside
Unlock16.0%8.2%Unlock

Vår Energi ASA operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway. The company produces crude oil and natural gas liquids. It also engages in the production, development, and exploration assets on the Norwegian Continental Shelf (NCS). The company was formerly known as Eni Norge AS and changed its name to Vår Energi AS in December 2018. The company was incorporated in 1965 and is headquartered in Sandnes, Norway. Vår Energi ASA is a subsidiary of Eni International B.V.

Industry
Oil & Gas
Sector
Energy
Employees
1433
Market
Norway

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
336,04M13,46%19,01B
Other Institutional Investors
1,73B69,46%98,11B
Public Companies & Retail Investors
426,39M17,08%24,13B
Total
2,5B100,00%141,25B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
Eni S.p.A.63,04%1 573 713 74989 040 724
Folketrygdfondet3,95%98 596 7795 578 606

FAQ

What Is the Var Energi (VAR) Stock Price Today?

The Var Energi stock price today is 58,08 NOK.

What Stock Exchange Does Var Energi Trade On?

Var Energi is listed and trades on the Oslo Stock Exchange.

What Is the Stock Symbol for Var Energi?

The stock symbol for Var Energi is "VAR."

Does Var Energi Pay Dividends? What’s The Current Dividend Yield?

The Var Energi dividend yield is 8,6%%.

What Is the Var Energi Market Cap?

As of today, Var Energi market cap is 141,90B NOK.

What Is Var Energi's Earnings Per Share (TTM)?

The Var Energi EPS (TTM) is 5,19.

When Is the Next Var Energi Earnings Date?

Var Energi will release its next earnings report on Feb 16, 2027.

From a Technical Analysis Perspective, Is VAR a Buy or Sell?

Based on moving averages and other technical indicators, the daily buy/sell signal is Strong Buy.

How Many Times Has Var Energi Stock Split?

Var Energi has split 0 times.

How Many Employees Does Var Energi Have?

Var Energi has 1433 employees.

What is the current trading status of Var Energi (VAR)?

As of Oct 22, 2026, Var Energi (VAR) is trading at a price of 58,08 NOK, with a previous close of 56,84 NOK. The stock has fluctuated within a day range of 56,96 NOK to 58,32 NOK, while its 52-week range spans from 31,00 NOK to 58,32 NOK.

What Is Var Energi (VAR) Price Target According to Analysts?

The average 12-month price target for Var Energi is 55,24 NOK, with a high estimate of 69.82690372 NOK and a low estimate of 41.75400095 NOK. 9 analysts recommend buying the stock, while 2 suggest selling, leading to an overall rating of Buy. The stock has an -4,89% Downside potential.
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