VAR ENERGI ASA (VAR.OL) Forecast, Price Target & Analyst Ratings

OSL:VAR • NO0011202772

Current stock price

45.69 NOK
-0.37 (-0.8%)
Last:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for VAR ENERGI ASA (VAR.OL).

Forecast Snapshot

Consensus Price Target

Price Target
NOK39.90
-12.68% Downside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 22, 2026
Period
Q1 / 2026
EPS Estimate
$0.10
Revenue Estimate
2.51B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
70.91%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
NOK39.90
Upside
-12.68%
From current price of NOK45.69 to mean target of NOK39.90, Based on 22 analyst forecasts
Low
NOK26.26
Median
NOK40.80
High
NOK59.85

Price Target Revisions

1 Month
6.34%
3 Months
1.31%

Price Target Summary

22 Wall Street analysts provided a forecast for the next 12 months for VAR.OL. The average price target is 39.9 NOK. This implies a price decrease of -12.68% is expected in the next year compared to the current price of 45.69.
The average price target has been revised upward by 1.31% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

VAR Current Analyst RatingVAR Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8 10

Analyst Ratings History

VAR Historical Analyst RatingsVAR Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15 20

Analyst Ratings Consensus

ChartMill Buy Consensus
70.91%
VAR.OL was analyzed by 22 analysts. The buy percentage consensus is at 71. So analysts seem to be have mildly positive about VAR.OL.
In the previous month the buy percentage consensus was at a similar level.
VAR.OL was analyzed by 22 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

Next Earnings Forecast Details

Next Earnings Details

Release Date
Apr 22, 2026
Period
Q1 / 2026
EPS Estimate
$0.10
Revenue Estimate
2.51B
Revenue Q2Q
36.93%
EPS Q2Q
-45.25%
Number of Analysts
8

Next Earnings Revisions

Revenue (1 Month)
7.96%
Revenue (3 Months)
4.19%
EPS (1 Month)
19.86%
EPS (3 Months)
7.52%

Next Earnings Summary

VAR.OL is expected to report earnings on 4/22/2026. The consensus EPS estimate for the next earnings is 0.1 NOK and the consensus revenue estimate is 2.51B NOK.
The next earnings revenue estimate has been revised upward by 4.19% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates 2026 - 2030

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2023 2024 2025 2026 2027 2028 2029 2030
Revenue
YoY % growth
VAR.OL revenue by date.VAR.OL revenue by date.
6.834B
-30.38%		7.407B
8.38%		8.096B
9.30%		10.16B
25.50%		9.415B
-7.33%		9.099B
-3.36%		8.567B
-5.85%		8.299B
-3.13%
EBITDA
YoY % growth
VAR.OL ebitda by date.VAR.OL ebitda by date.
5.45B
-35.60%		5.684B
4.29%		6.383B
12.30%		7.244B
13.48%		7.178B
-0.91%		7.271B
1.30%		6.861B
-5.64%		6.72B
-2.06%
EBIT
YoY % growth
VAR.OL ebit by date.VAR.OL ebit by date.
4.028B
-42.59%		3.768B
-6.44%		3.673B
-2.52%		4.755B
29.45%		4.34B
-8.73%		4.028B
-7.19%		3.572B
-11.32%		3.738B
4.65%
Operating Margin
VAR.OL operating margin by date.VAR.OL operating margin by date.
58.93%50.87%45.37%46.80%46.10%44.27%41.69%45.04%
EPS
YoY % growth
VAR.OL eps by date.VAR.OL eps by date.
0.25
-34.21%		0.11
-56.00%		0.32
190.91%		0.33
3.92%		0.34
0.97%		0.33
-0.73%		0.31
-7.58%		0.35
14.75%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q1 / 26 Q2 / 26 Q3 / 26 Q4 / 26 Q1 / 27 Q2 / 27 Q3 / 27 Q4 / 27
EPS
Q2Q % growth		0.10
-45.25%		0.12
47.35%		0.11
118.44%		0.11
982.11%		0.10
2.49%		0.10
-14.32%		0.09
-16.77%		0.09
-16.00%
Revenue
Q2Q % growth		2.51B
36.93%		2.685B
45.21%		2.606B
21.75%		2.632B
17.77%		2.629B
4.74%		2.583B
-3.80%		2.545B
-2.34%		2.484B
-5.62%
EBITDA
Q2Q % growth		2.049B
40.87%		2.232B
23.74%		2.143B
-22.82%		2.17B
-41.74%		2.126B
3.76%		2.084B
-6.63%		2.05B
-4.34%		1.985B
-8.53%
EBIT
Q2Q % growth		1.107B
11.12%		1.228B
61.92%		1.249B
43.78%		1.278B
25.96%		1.295B
16.98%		1.278B
4.07%		1.26B
0.88%		1.32B
3.29%

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

VAR.OL Yearly Revenue VS EstimatesVAR.OL Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2B 4B 6B 8B 10B
VAR.OL Yearly EPS VS EstimatesVAR.OL Yearly EPS VS EstimatesYearly EPS VS Estimates 2022 2023 2024 2025 2026 2027 2028 2029 2030 0.1 0.2 0.3 0.4

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
1.37%
EPS Next 5 Year
2.01%

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
3.14%
Revenue Next 5 Year
0.02%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
21.58%
EBIT Next 5 Year
10.68%
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

VAR ENERGI ASA / VAR.OL Forecast FAQ

What is the price target for VAR stock?

22 analysts have analysed VAR.OL and the average price target is 39.9 NOK. This implies a price decrease of -12.68% is expected in the next year compared to the current price of 45.69.

What is the next earnings date for VAR stock?

VAR ENERGI ASA (VAR.OL) will report earnings on 2026-04-22.

What are the consensus estimates for VAR stock next earnings?

The consensus EPS estimate for the next earnings of VAR ENERGI ASA (VAR.OL) is 0.1 NOK and the consensus revenue estimate is 2.51B NOK.

What is the expected long term growth rate for VAR ENERGI ASA (VAR.OL)?

The expected long term growth rate for VAR ENERGI ASA (VAR.OL) is 3.14%.