OKEA ASA/Nkr OKEA
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Capital at risk
About OKEA ASA
OKEA ASA is an oil and gas company based in Trondheim, Norway. The company is engaged in the development and production of oil and natural gas resources on the Norwegian Continental Shelf. It focuses on maximizing the value of discovered oil fields through efficient project execution and cost-effective operations. OKEA ASA operates several licenses in Norway and is known for its lean organizational structure aimed at reducing operational costs. The company was founded in 2015 and has strategically positioned itself to capitalize on existing fields, emphasizing the extension of field life and production optimization.
- Ticker
- Nkr OKEA
- Sector
- Energy
- Primary listing
- XOSL
- Employees
- 537
- Headquarters
- Trondheim, Norway
- Website
- okea.no
OKEA ASA Metrics
BasicAdvanced
kr 4.1B
-
-kr 0.42
-0.34
-
Price and volume
Market cap
kr 4.1B
Beta
-0.34
52-week high
kr 43.80
52-week low
kr 16.90
Average daily volume
268K
Financial strength
Current ratio
1.471
Quick ratio
1.085
Long term debt to equity
2.875
Total debt to equity
2.912
Interest coverage (TTM)
54.40%
Profitability
EBITDA (TTM)
4,826.979
Gross margin (TTM)
61.55%
Net profit margin (TTM)
-0.51%
Operating margin (TTM)
16.68%
Effective tax rate (TTM)
103.39%
Revenue per employee (TTM)
kr 16,112,890
Management effectiveness
Return on assets (TTM)
4.69%
Return on equity (TTM)
-4.17%
Valuation
Price to revenue (TTM)
0.475
Price to book
38.59
Price to tangible book (TTM)
1,049.42
Price to free cash flow (TTM)
10.312
Free cash flow yield (TTM)
9.70%
Free cash flow per share (TTM)
3.845
Growth
Revenue change (TTM)
-4.01%
Earnings per share change (TTM)
-114.10%
3-year revenue growth (CAGR)
2.75%
3-year earnings per share growth (CAGR)
-60.30%
Bulls say / Bears say
Q2 operating income reached a record USD 334 million and EBITDA was USD 207 million. Operating cash flow of USD 179 million lifted OKEA to a USD 59 million net cash position despite planned maintenance. (OKEA)
OKEA is sharpening its portfolio while raising cash: it agreed to sell its 20% Mistral interest for USD 30 million, with estimated post-tax profit of USD 25 million. The deal also retains potential upside from Mistral Nord and focuses capital on core assets. (OKEA)
Near-term production has weakened: Q2 net output fell to 27.0 kboepd, and the 2026 forecast was cut to 29–32 kboepd from 31–35 kboepd after the Garn West South delay. This puts more weight on successful project start-ups in 2027. (OKEA)
Costs and investment remain a constraint on shareholder returns: Q2 production expense rose to USD 34.0 per boe from USD 26.7, while 2026 capex guidance remains USD 300–360 million. OKEA has also temporarily suspended dividends during this heavy investment phase. (OKEA, MarketScreener)
Data summarised monthly by Lightyear AI. Last updated on 16 Sept 2026.
OKEA ASA Financial Performance
Revenues and expenses
OKEA ASA Earnings Performance
Company profitability
Upcoming events
No upcoming events
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.