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

OSL:VAR • NO0011202772

Current stock price

43.335 NOK
-0.53 (-1.22%)
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
NOK37.52
-13.43% Downside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Apr 22, 2026
Period
Q1 / 2026
EPS Estimate
$0.09
Revenue Estimate
2.408B
→ 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
NOK37.52
Upside
-13.43%
From current price of NOK43.34 to mean target of NOK37.52, Based on 22 analyst forecasts
Low
NOK25.25
Median
NOK39.78
High
NOK47.25

Price Target Revisions

1 Month
-1.61%
3 Months
-4.73%

Price Target Summary

22 Wall Street analysts provided a forecast for the next 12 months for VAR.OL. The average price target is 37.52 NOK. This implies a price decrease of -13.43% is expected in the next year compared to the current price of 43.335.
The average price target has been revised downward by 4.73% 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

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
$0.09
Revenue Estimate
2.408B
Revenue Q2Q
31.36%
EPS Q2Q
-51.09%
Number of Analysts
7

Next Earnings Revisions

Revenue (1 Month)
1.05%
Revenue (3 Months)
-0.04%
EPS (1 Month)
-3.79%
EPS (3 Months)
-3.94%

Next Earnings Summary

VAR.OL is expected to report earnings on 4/22/2026. The consensus EPS estimate for the next earnings is 0.09 NOK and the consensus revenue estimate is 2.41B NOK.
The next earnings revenue estimate has been revised downward by 0.04% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

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%		9.101B
12.42%		8.976B
-1.37%		8.948B
-0.31%		8.567B
-4.26%		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%		4.072B
10.85%		4.121B
1.20%		4.001B
-2.91%		3.572B
-10.72%		3.738B
4.65%
Operating Margin
VAR.OL operating margin by date.VAR.OL operating margin by date.
58.93%50.87%45.37%44.74%45.91%44.71%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		0.09
-51.09%		0.08
5.29%		0.10
107.39%		0.11
960.50%		0.10
14.72%		0.10
19.90%		0.10
-2.60%		0.11
4.76%
Revenue
Q2Q % growth		2.408B
31.36%		2.301B
24.45%		2.501B
16.85%		2.627B
17.54%		2.683B
11.42%		2.643B
14.86%		2.607B
4.24%		2.754B
4.83%
EBITDA
Q2Q % growth		1.941B
33.44%		1.847B
2.39%		2.041B
-26.50%		2.154B
-42.17%		2.174B
12.00%		2.14B
15.86%		2.108B
3.28%		2.212B
2.69%
EBIT
Q2Q % growth		1.087B
9.11%		1.047B
38.05%		1.247B
43.55%		1.3B
28.13%		1.295B
19.14%		1.278B
22.06%		1.26B
1.04%		1.32B
1.54%

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
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
2.57%
Revenue Next 5 Year
0.02%

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
21.81%
EBIT Next 5 Year
10.81%
→ 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 37.52 NOK. This implies a price decrease of -13.43% is expected in the next year compared to the current price of 43.335.

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 ENERGI ASA (VAR.OL) next earnings?

The consensus EPS estimate for the next earnings of VAR ENERGI ASA (VAR.OL) is 0.09 NOK and the consensus revenue estimate is 2.41B NOK.

What is the expected long term growth rate for VAR stock?

The expected long term growth rate for VAR ENERGI ASA (VAR.OL) is 2.57%.