Vår Energi AS (VARRY) Stock Price, News & Analysis

Company Overview

Vår Energi AS is a Norway-based independent oil and gas exploration and production company listed on the OTC Markets (OTCMKTS: VARRY). Established in January 2018 through the merger of Eni Norge AS and Point Resources ASA, Vår Energi has rapidly become one of the largest operators on the Norwegian Continental Shelf. The company focuses on discovering, developing and producing hydrocarbons, with a portfolio that spans several prolific offshore fields.

The company’s operations are concentrated in the North Sea, the Norwegian Sea and the Barents Sea, where it holds interests in both operated and non-operated assets. Key fields in Vår Energi’s portfolio include Johan Sverdrup, Gina Krog, Balder, Ringhorne East, Valhall and Hod. Vår Energi also integrated ExxonMobil’s Norwegian upstream portfolio in 2019, further expanding its producing assets and exploration prospects. The company actively invests in enhanced oil recovery, digitalization and carbon management technologies to optimize production and reduce its environmental footprint.

In addition to upstream activities, Vår Energi pursues a robust exploration program aimed at unlocking new resources on the Norwegian Continental Shelf. The company’s technical teams employ seismic imaging, reservoir modeling and advanced drilling techniques to identify and appraise prospects. Vår Energi collaborates with partners, service companies and research institutions to drive innovation and operational excellence in a highly regulated and environmentally sensitive region.

Vår Energi’s ownership structure is anchored by Eni S.p.A., which holds the majority stake, and HitecVision, a leading energy-focused investment firm. The company is governed by a board of directors and an executive management team with extensive experience in the upstream sector. Leadership priorities include safe operations, portfolio optimization, cost efficiency and sustainability. Headquartered in Stavanger, Norway, Vår Energi maintains offices and field facilities across key offshore locations to support its strategic growth ambitions.

Key Stats

• Today's Range: $6.90 to $7.01
• 50-Day Range: $6.54 to $7.34
• 52-Week Range: $5.01 to $7.36
• Volume: 3,924 shs
• Average Volume: 5,965 shs
• Market Capitalization: N/A
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: N/A

VARRY Stock Analysis - Frequently Asked Questions

How have VARRY shares performed this year?

Vår Energi AS's stock was trading at $6.35 at the beginning of the year. Since then, VARRY shares have increased by 10.4% and is now trading at $7.01.

How do I buy shares of Vår Energi AS?

Shares of VARRY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Energy
• Industry: Oil & Gas E&P
• Sub-Industry: N/A
• Current Symbol: OTCMKTS:VARRY
• CIK: N/A
• Web: www.varenergi.no
• Phone: 47-51-60-60-60
• Fax: N/A
• Employees: 1,300
• Year Founded: N/A

Profitability

• EPS (Trailing Twelve Months): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: N/A
• Net Margins: N/A
• Pretax Margin: N/A
• Return on Equity: N/A
• Return on Assets: N/A

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: N/A
• Price / Sales: N/A
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: N/A
• Price / Book: N/A

Miscellaneous

• Outstanding Shares: N/A
• Free Float: N/A
• Market Cap: N/A
• Optionable: Not Optionable
• Beta: N/A