BlueNord ASA/Nkr BNOR
1D1W1MYTD1Y5YMAX
Capital at risk
About BlueNord ASA
BlueNord ASA is an upstream oil and gas company based in Norway, focusing on the exploration and production of hydrocarbons. The company primarily operates in the North Sea, where it manages a portfolio of assets that includes both operated and non-operated fields. Founded in 2005, BlueNord has concentrated its efforts on optimizing recovery rates and enhancing operational efficiency across its projects. The strategic geographic location offers access to significant reserves, aligning with the company’s expertise in North Sea operations. BlueNord's competitive edge lies in its technological capabilities and experience in managing complex offshore environments.
- Ticker
- Nkr BNOR
- Sector
- Energy
- Primary listing
- XOSL
- Employees
- 54
- Headquarters
- Oslo, Norway
- Website
- www.bluenord.com
BlueNord ASA Metrics
BasicAdvanced
kr 15B
31.60
kr 18.13
-0.20
kr 216.75
6.31%
Price and volume
Market cap
kr 15B
Beta
-0.2
52-week high
kr 610.00
52-week low
kr 399.50
Average daily volume
163K
Dividend rate
kr 216.75
Financial strength
Current ratio
1.065
Quick ratio
0.807
Long term debt to equity
2.297
Total debt to equity
2.297
Dividend payout ratio (TTM)
682.52%
Interest coverage (TTM)
2.45%
Profitability
EBITDA (TTM)
6,309.556
Gross margin (TTM)
63.26%
Net profit margin (TTM)
7.48%
Operating margin (TTM)
28.98%
Effective tax rate (TTM)
41.07%
Revenue per employee (TTM)
kr 197,191,360
Management effectiveness
Return on assets (TTM)
5.96%
Return on equity (TTM)
13.66%
Valuation
Price to earnings (TTM)
31.598
Price to revenue (TTM)
1.379
Price to book
89
Price to tangible book (TTM)
427.11
Price to free cash flow (TTM)
2.352
Free cash flow yield (TTM)
42.51%
Free cash flow per share (TTM)
243.589
Dividend yield (TTM)
37.83%
Forward dividend yield
6.31%
Growth
Revenue change (TTM)
29.06%
Earnings per share change (TTM)
-276.64%
3-year revenue growth (CAGR)
6.38%
10-year revenue growth (CAGR)
103.84%
3-year earnings per share growth (CAGR)
-31.49%
10-year earnings per share growth (CAGR)
-11.71%
Bulls say / Bears say
BlueNord generated a record net operating cash flow of $249 million in Q2 2026, underpinning robust cash generation and supporting its high distribution policy. (Reuters)
In May 2026, BlueNord successfully issued a $400 million, 5-year senior unsecured bond to refinance its BNOR16 facility, reducing its cost of borrowing and extending debt maturities to enhance financial flexibility. (Cision)
The proposed merger with Vår Energi will create Europe’s largest independent oil and gas producer with scale of approximately 450 kboepd and anticipated post-tax synergies of $250–300 million, strengthening long-term cash flow and dividend capacity. (Reuters)
Net hydrocarbon production declined to 37.2 mboepd in Q2 2026 due to planned maintenance shutdowns at the Tyra and Gorm hubs, highlighting production volatility and downtime risks. (Cision)
The new $400 million bond carries a 7.875% coupon, reflecting elevated financing costs that could pressure cash flow if commodity prices soften or interest rates remain high. (Cision)
BlueNord shareholders will hold only about 9.05% of the combined entity post-merger, diluting direct equity stakes and exposing value to execution and integration risks before expected completion in late 2026. (Cision)
Data summarised monthly by Lightyear AI. Last updated on 2 Sept 2026.
Upcoming events
No upcoming events
Funds containing BlueNord ASA
AllUSDEURGBP
Fund name | Fund size | Nkr BNOR weighting |
|---|---|---|
iShares Oil & Gas Exploration & Production$IOGP | $438M | 0.22% |
iShares Oil & Gas Exploration & Production€IOGP | €376M | 0.22% |
iShares Oil & Gas Exploration & Production£SPOG | £323M | 0.22% |
Xtrackers MSCI Europe Small Cap€DX2J | €3.2B | 0.09% |
Xtrackers MSCI Europe Small Cap£XXSC | £2.8B | 0.09% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
Market data provided by CBOE Europe and Deutsche Börse.