Ratings BlueNord ASA

Equities

NOR

NO0010379266

Market Closed - Oslo Bors Other stock markets 10:45:00 2024-06-25 EDT			5-day change	1st Jan Change
550 ^NOK	-0.36%		+1.29%	+10.55%

06-17	Bluenord Announces Successful Spudding of Harald East Middle Jurassic Well	CI
06-14	BlueNord ASA Announces Key Information Relating to Full Redemption of Bond Loan	CI

Summary

From a short-term investment perspective, the company presents a deteriorated fundamental situation

Strengths

Its core activity has a significant growth potential and sales are expected to surge, according to Standard & Poor's' forecast. Indeed, those may increase by 52% by 2026.
The company's earnings per share (EPS) are expected to grow significantly over the next few years according to the consensus of analysts covering the stock.
The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
The group's high margin levels account for strong profits.
The company has a low valuation given the cash flows generated by its activity.
This company will be of major interest to investors in search of a high dividend stock.
Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
The average price target of analysts who are interested in the stock has been strongly revised upwards over the last four months.
Consensus analysts have strongly revised their opinion of the company over the past 12 months.

Weaknesses

The company is in debt and has limited leeway for investment
For the last twelve months, sales expectations have been significantly downgraded, which means that less important sales volumes are expected for the current fiscal year over the previous period.
The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
For the last 12 months, analysts have been regularly downgrading their EPS expectations. Analysts predict worse results for the company against their predictions a year ago.
For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
Financial statements have repeatedly disappointed market stakeholders. Most often, they were below expectations.

Ratings chart - Surperformance

Sector: Oil & Gas Exploration and Production

	1st Jan change	Capi.	ESG Refinitiv
BLUENORD ASA	+10.55%	1.38B	-
CHEVRON CORPORATION	+6.23%	294B	A-
CNOOC LIMITED	+73.08%	142B	B+
CONOCOPHILLIPS	-0.93%	135B	C
CANADIAN NATURAL RESOURCES LIMITED	+11.44%	76.46B	B
EOG RESOURCES, INC.	+3.80%	72.01B	B-
OCCIDENTAL PETROLEUM CORPORATION	+5.68%	56.08B	C+
HESS CORPORATION	+4.00%	46.18B	A-
DIAMONDBACK ENERGY, INC.	+27.60%	35.32B	C+
WOODSIDE ENERGY GROUP LTD	-8.89%	34.11B	A-

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Technical analysis

ST Timing

MT Timing

LT Timing

RSI

Bollinger Spread

Unusual volumes