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Norwegian Energy

DB:CJ1
Snowflake Description

Fair value with mediocre balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
CJ1
DB
NOK3B
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Norwegian Energy Company ASA, an independent oil and gas company, focuses on the exploration, development, and production of hydrocarbon resources on the Norwegian, Danish, and the United Kingdom continental shelves. The last earnings update was 42 days ago. More info.


Add to Portfolio Compare Print
  • Norwegian Energy has significant price volatility in the past 3 months.
CJ1 Share Price and Events
7 Day Returns
1.7%
DB:CJ1
6.5%
DE Oil and Gas
2.1%
DE Market
1 Year Returns
-52.3%
DB:CJ1
28.1%
DE Oil and Gas
-16.6%
DE Market
CJ1 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Norwegian Energy (CJ1) 1.7% -33.5% -50.5% -52.3% -59.8% 411.4%
DE Oil and Gas 6.5% -7.3% -23.7% 28.1% -18.9% 149.7%
DE Market 2.1% -12.6% -22.9% -16.6% -21.9% -27.8%
1 Year Return vs Industry and Market
  • CJ1 underperformed the Oil and Gas industry which returned 28.1% over the past year.
  • CJ1 underperformed the Market in Germany which returned -16.6% over the past year.
Price Volatility
CJ1
Industry
5yr Volatility vs Market
Related Companies

Value

 Is Norwegian Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
  • It is not possible to calculate the future cash flow value for Norwegian Energy. This is due to cash flow or dividend data being unavailable. The share price is €11.25.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Norwegian Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Norwegian Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:CJ1 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $8.80
OB:NOR Share Price ** OB (2020-04-07) in NOK NOK126.5
OB:NOR Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.098 $12.35
Europe Oil and Gas Industry PE Ratio Median Figure of 104 Publicly-Listed Oil and Gas Companies 6.51x
Germany Market PE Ratio Median Figure of 402 Publicly-Listed Companies 16.83x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Norwegian Energy.

DB:CJ1 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= OB:NOR Share Price ÷ EPS (both in USD)

= 12.35 ÷ 8.80

1.4x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Norwegian Energy is good value based on earnings compared to the Europe Oil and Gas industry average.
  • Norwegian Energy is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Norwegian Energy's expected growth come at a high price?
Raw Data
DB:CJ1 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 1.4x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
-69.9%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 66 Publicly-Listed Oil and Gas Companies 0.32x
Germany Market PEG Ratio Median Figure of 256 Publicly-Listed Companies 1.22x

*Line of best fit is calculated by linear regression .

DB:CJ1 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 1.4x ÷ -69.9%

-0.02x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Norwegian Energy earnings are not expected to grow next year, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Norwegian Energy's assets?
Raw Data
DB:CJ1 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $23.34
OB:NOR Share Price * OB (2020-04-07) in NOK NOK126.5
OB:NOR Share Price converted to USD reporting currency Exchange rate (NOK/ USD) 0.098 $12.35
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 1x
Germany Market PB Ratio Median Figure of 573 Publicly-Listed Companies 1.45x
DB:CJ1 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= OB:NOR Share Price ÷ Book Value per Share (both in USD)

= 12.35 ÷ 23.34

0.53x

* Primary Listing of Norwegian Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Norwegian Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Norwegian Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Norwegian Energy has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Norwegian Energy expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
-69.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Norwegian Energy expected to grow at an attractive rate?
  • Norwegian Energy's earnings are expected to decrease over the next 1-3 years, this is below the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Norwegian Energy's earnings are expected to decrease over the next 1-3 years, this is below the Germany market average.
  • Norwegian Energy's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:CJ1 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:CJ1 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts -69.9%
DB:CJ1 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 29.4%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13.1%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 1.9%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14%
Germany Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:CJ1 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:CJ1 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 652 366 38 1
2020-12-31 643 436 127 1
2020-04-07
DB:CJ1 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 333 198 215
2019-09-30 163 160
2019-06-30 3 -22
2019-03-31 2 -1 -15
2018-12-31 2 -2 -16
2018-09-30 0 -43
2018-06-30 1 -46
2018-03-31 1 56 -56
2017-12-31 1 54 -51
2017-09-30 1 14 -11
2017-06-30 1 13 -12
2017-03-31 1 2 -3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Norwegian Energy's earnings are expected to decrease over the next 1-3 years, this is not considered high growth.
  • Norwegian Energy's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:CJ1 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below

All data from Norwegian Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CJ1 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 1.53 1.53 1.53 1.00
2020-12-31 4.04 4.04 4.04 1.00
2020-04-07
DB:CJ1 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 8.80
2019-09-30 7.95
2019-06-30 -1.39
2019-03-31 -2.09
2018-12-31 -2.29
2018-09-30 -6.20
2018-06-30 -6.61
2018-03-31 -7.80
2017-12-31 -7.15
2017-09-30 -1.64
2017-06-30 -1.79
2017-03-31 -0.39

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Norwegian Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Norwegian Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Norwegian Energy has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Norwegian Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Norwegian Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Norwegian Energy's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Norwegian Energy has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Norwegian Energy has become profitable in the last year making it difficult to compare the Europe Oil and Gas industry average.
Earnings and Revenue History
Norwegian Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Norwegian Energy Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:CJ1 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 333.00 215.00 18.00
2019-09-30 162.76 160.26 15.31
2019-06-30 2.88 -21.77 2.46
2019-03-31 2.09 -14.98 2.55
2018-12-31 1.85 -16.50 2.42
2018-09-30 0.49 -42.61 1.37
2018-06-30 0.61 -46.31 1.98
2018-03-31 1.40 -55.85 3.32
2017-12-31 1.22 -51.06 3.18
2017-09-30 1.13 -11.05 3.27
2017-06-30 1.31 -12.06 2.75
2017-03-31 0.93 -2.91 1.75
2016-12-31 1.28 -2.91 2.32
2016-09-30 1.13 -3.00 2.63
2016-06-30 1.08 15.29 2.51
2016-03-31 1.57 -25.66 2.54
2015-12-31 1.47 223.69 2.26
2015-09-30 -111.21 294.73 -32.34
2015-06-30 -83.27 167.82 -28.69
2015-03-31 -42.69 202.04 -4.34
2014-12-31 4.95 -81.00 2.00
2014-09-30 195.00 -128.86 52.29
2014-06-30 184.92 -48.27 54.30
2014-03-31 177.28 -133.38 48.91
2013-12-31 147.19 -165.96 78.70
2013-09-30 135.72 -256.11 118.40
2013-06-30 144.75 -189.61 137.99

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Whilst Norwegian Energy has efficiently used shareholders’ funds last year (Return on Equity greater than 20%), this is metric is skewed due to its high level of debt.
  • Norwegian Energy used its assets more efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Norwegian Energy has become profitable over the past 3 years. This is considered to be a significant improvement in its use of capital (Return on Capital Employed).
X
Past performance checks
We assess Norwegian Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Norwegian Energy has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Norwegian Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Norwegian Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Norwegian Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Norwegian Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Norwegian Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.5x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Norwegian Energy Company Filings, last reported 3 months ago.

DB:CJ1 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 573.00 983.00 286.00
2019-09-30 559.00 904.00 135.00
2019-06-30 -11.14 57.82 1.06
2019-03-31 -8.71 57.23 2.90
2018-12-31 -5.77 54.46 2.54
2018-09-30 12.29 18.93 10.69
2018-06-30 13.37 18.77 12.52
2018-03-31 14.41 19.76 13.90
2017-12-31 17.23 18.94 16.25
2017-09-30 57.01 68.82 16.20
2017-06-30 58.98 63.75 16.95
2017-03-31 60.94 65.72 8.62
2016-12-31 50.78 61.59 10.34
2016-09-30 14.27 79.59 10.89
2016-06-30 20.31 73.10 15.53
2016-03-31 18.76 74.07 25.90
2015-12-31 16.27 106.54 51.06
2015-09-30 89.06 119.77 42.54
2015-06-30 102.82 156.90 78.20
2015-03-31 158.36 119.26 85.01
2014-12-31 -107.33 446.17 89.82
2014-09-30 118.74 496.28 114.54
2014-06-30 290.91 465.88 82.67
2014-03-31 291.62 476.91 83.13
2013-12-31 288.12 463.80 66.52
2013-09-30 154.41 716.93 60.31
2013-06-30 246.79 691.89 69.92
  • Norwegian Energy's level of debt (171.6%) compared to net worth is high (greater than 40%).
  • Norwegian Energy had negative shareholder equity 5 years ago, it is now positive therefore their debt level has improved.
  • Debt is well covered by operating cash flow (20.1%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.3x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Norwegian Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Norwegian Energy has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Norwegian Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Norwegian Energy dividends. Estimated to be 0% next year.
If you bought €2,000 of Norwegian Energy shares you are expected to receive €0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Norwegian Energy's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Norwegian Energy's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:CJ1 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 8.3%
Germany Market Average Dividend Yield Market Cap Weighted Average of 314 Stocks 3.7%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 4.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:CJ1 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31
2020-12-31 0.00 1.00
2020-04-07

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Norwegian Energy has not reported any payouts.
  • Unable to verify if Norwegian Energy's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Norwegian Energy's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Norwegian Energy has not reported any payouts.
Future Payout to shareholders
  • No need to calculate the sustainability of Norwegian Energy's dividends in 3 years as they are not expected to pay a notable one for Germany.
X
Income/ dividend checks
We assess Norwegian Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Norwegian Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Norwegian Energy has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Norwegian Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Atle Sonesen
TENURE AS CEO 0.4 years
CEO Bio

Mr. Atle Sonesen serves as Managing Director of Neptune E&P Norge AS. He is Chief Operating Officer at Norwegian Energy Company ASA since 2019 and its Managing Director since November 1, 2019. Mr. Sonesen has more than 20 years of experience in the oil and gas industry, and joined in May 2013. He served as Managing Director of GdF Suez E&P, where he also worked on well and drilling operations and with license and operations management on the Norwegian continental shelf. He also has a background in business development, technology and marketing from Schlumberger Oilfield Services. Mr. Sonesen holds an M Sc in Petroleum Engineering from the University of Stavanger.

CEO Compensation
  • Insufficient data for Atle to compare compensation growth.
  • Insufficient data for Atle to establish whether their remuneration is reasonable compared to companies of similar size in Germany.
Management Team Tenure

Average tenure of the Norwegian Energy management team in years:

0.4
Average Tenure
  • The average tenure for the Norwegian Energy management team is less than 2 years, this suggests a new team.
Management Team

Riulf Rustad

TITLE
Executive Chairman
COMPENSATION
$450K
AGE
57

Frederik Rustad

TITLE
Executive Vice President of Corporate Finance & Investments
COMPENSATION
$3M
TENURE
0.4 yrs

Atle Sonesen

TITLE
MD & COO
TENURE
0.4 yrs

Cathrine Torgersen

TITLE
Executive Vice President of Investor Relations & Communications
TENURE
0.3 yrs
Board of Directors Tenure

Average tenure and age of the Norwegian Energy board of directors in years:

2.3
Average Tenure
57
Average Age
  • The average tenure for the Norwegian Energy board of directors is less than 3 years, this suggests a new board.
Board of Directors

Riulf Rustad

TITLE
Executive Chairman
COMPENSATION
$450K
AGE
57
TENURE
4.3 yrs

Lars Purlund

TITLE
Director
COMPENSATION
$300K
AGE
54
TENURE
3.9 yrs

Marianne Lie

TITLE
Director
COMPENSATION
$300K
AGE
57
TENURE
3.9 yrs

Tone Omsted

TITLE
Director
COMPENSATION
$300K
TENURE
3.9 yrs

Chris Bruijnzeels

TITLE
Director
TENURE
0.6 yrs

Colette Cohen

TITLE
Director
TENURE
0.6 yrs

Charle Justin Darricarrere

TITLE
Board Member
AGE
68
TENURE
0.6 yrs

Bob McGuire

TITLE
Director
AGE
54
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • Norwegian Energy individual insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
30. Jan 20 Sell Riulf Rustad Individual 29. Jan 20 29. Jan 20 -66,000 €22.21 €-1,465,907
28. Aug 19 Buy Joakim Helgesen Individual 28. Aug 19 28. Aug 19 460 €18.48 €8,500
28. Aug 19 Buy Frederik Rustad Individual 28. Aug 19 28. Aug 19 5,500 €18.48 €101,632
28. Aug 19 Buy Lars Purlund Individual 28. Aug 19 28. Aug 19 1,982 €18.48 €36,625
28. Aug 19 Buy Tone Omsted Individual 28. Aug 19 28. Aug 19 5,000 €18.48 €92,393
28. Aug 19 Buy Marianne Lie Individual 28. Aug 19 28. Aug 19 6,954 €18.48 €128,500
28. Aug 19 Buy Riulf Rustad Individual 28. Aug 19 28. Aug 19 70,000 €18.48 €1,293,502
X
Management checks
We assess Norwegian Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Norwegian Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Norwegian Energy Company ASA, an independent oil and gas company, focuses on the exploration, development, and production of hydrocarbon resources on the Norwegian, Danish, and the United Kingdom continental shelves. As of July 31, 2019, the company had proven and probable reserves of 195 million barrels of oil equivalent. Norwegian Energy Company ASA was founded in 2005 and is headquartered in Oslo, Norway.

Details
Name: Norwegian Energy Company ASA
CJ1
Exchange: DB
Founded: 2005
NOK274,439,456
24,203,096
Website: http://www.noreco.com
Address: Norwegian Energy Company ASA
Nedre Vollgate 1,
Oslo,
Oslo, 0158,
Norway
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
OB NOR Ordinary Shares Oslo Bors NO NOK 17. Jul 2007
DB CJ1 Ordinary Shares Deutsche Boerse AG DE EUR 17. Jul 2007
LSE 0HTF Ordinary Shares London Stock Exchange GB NOK 17. Jul 2007
BATS-CHIXE NORO Ordinary Shares BATS 'Chi-X Europe' GB NOK 17. Jul 2007
Number of employees
Current staff
Staff numbers
27
Norwegian Energy employees.
Industry
Oil and Gas Exploration and Production
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/07 22:05
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2020/03/26
Last earnings filing: 2020/02/25
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.