(VIANEWS) – VÅR ENERGI (VAR.OL), REACH SUBSEA (REACH.OL), MELHUS SPAREBANK (MELG.OL) are the highest sales growth and return on equity stocks on this list.
Here is a list of stocks with an above 5% expected next quarter sales growth, and a 3% or higher return on equity. May these stocks be a good medium-term investment option?
1. VÅR ENERGI (VAR.OL)
32.1% sales growth and 37.56% return on equity
Vår Energi AS operates as an independent upstream oil and gas company on the Norwegian continental shelf in Norway. It produces crude oil, liquified natural gas, and natural gas liquids. The company was formerly known as Eni Norge AS and changed its name to Vår Energi AS in December 2018. The company was incorporated in 1965 and is headquartered in Sandnes, Norway. Vår Energi AS operates as a subsidiary of Eni International B.V.
Earnings Per Share
As for profitability, VÅR ENERGI has a trailing twelve months EPS of kr2.57.
PE Ratio
VÅR ENERGI has a trailing twelve months price to earnings ratio of 15.18. Meaning, the purchaser of the share is investing kr15.18 for every norwegian krone of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 37.56%.
Dividend Yield
As stated by Morningstar, Inc., the next dividend payment is on Feb 19, 2024, the estimated forward annual dividend rate is 4.54 and the estimated forward annual dividend yield is 12.97%.
More news about VÅR ENERGI.
2. REACH SUBSEA (REACH.OL)
20% sales growth and 29.96% return on equity
Reach Subsea ASA provides subsea services in Norway and internationally. It operates in two segments, Oil & Gas and Renewable/Other. The company offers inspection, maintenance, and repair services, such as structural inspections, WROV operation, SCM changeout, scale squeeze operations, water injection, ready for operation, subsea equipment maintenance, repair, commissioning, and boulder clearance; and construction support services, including seabed intervention, boulder clearance, touchdown monitoring, and pre-lay and post- lay survey, as well as vessel, remotely operated vehicles, personnel, survey, and on demand engineering. It also provides asset integrity/pipeline inspection, and engineering and project management services; reach remote services comprising survey, inspection, and IMR and seabed intervention; seabed survey services consisting of site surveys and geohazard investigation, pipeline inspection, seabed mapping, UXO, general, and route surveys; offshore cable; marine construction; and rig and mooring services. In addition, the company offers geophysical monitoring services, which include 4D gravity, seafloor subsidence monitoring, depth watch for seismic nodes, injection integrity monitoring, well drilling, and real time seismic monitoring services; and environmental monitoring services that comprise earthquake monitoring and prediction, C02 storage, and geothermal energy exploitation. It serves oil and gas, renewables, and utilities sectors. The company was formerly known as Transit Invest ASA and changed its name to Reach Subsea ASA in December 2012. Reach Subsea ASA was incorporated in 1909 and is headquartered in Haugesund, Norway.
Earnings Per Share
As for profitability, REACH SUBSEA has a trailing twelve months EPS of kr0.63.
PE Ratio
REACH SUBSEA has a trailing twelve months price to earnings ratio of 9.49. Meaning, the purchaser of the share is investing kr9.49 for every norwegian krone of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 29.96%.
More news about REACH SUBSEA.
3. MELHUS SPAREBANK (MELG.OL)
19.6% sales growth and 9.74% return on equity
Melhus Sparebank, a savings bank, provides various banking products and services to companies, agriculture customers, and private individuals in Norway. The company offers savings accounts; construction and business loans; mortgage, and car loans; bank guarantee, overdraft, and leasing services; and credit and bank cards. It also provides various insurance products for home, cottage, household goods, contents, drone, car, boat, other vehicles, travel, animal, children, death, health, critical illness, disabled, private, commercial, agricultural, and accident; savings and pension products; payment services; and online and mobile banking services. The company operates through branch offices in central Trondheim, Heimdal, Ler, and Korsvegen. Melhus Sparebank was founded in 1840 and is headquartered in Melhus, Norway.
Earnings Per Share
As for profitability, MELHUS SPAREBANK has a trailing twelve months EPS of kr16.09.
PE Ratio
MELHUS SPAREBANK has a trailing twelve months price to earnings ratio of 9.7. Meaning, the purchaser of the share is investing kr9.7 for every norwegian krone of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 9.74%.
Yearly Top and Bottom Value
MELHUS SPAREBANK’s stock is valued at kr156.00 at 07:20 EST, below its 52-week high of kr171.00 and higher than its 52-week low of kr154.00.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Mar 22, 2024, the estimated forward annual dividend rate is 12.5 and the estimated forward annual dividend yield is 7.81%.
Volume
Today’s last reported volume for MELHUS SPAREBANK is 528 which is 17.37% below its average volume of 639.
Moving Average
MELHUS SPAREBANK’s value is under its 50-day moving average of kr164.80 and under its 200-day moving average of kr160.32.
More news about MELHUS SPAREBANK.
4. SPAREBANKEN MØRE (MORG.OL)
8.9% sales growth and 12.57% return on equity
Sparebanken Møre, together with its subsidiaries, provides banking services for retail and corporate customers in Norway. It operates through Retail and Real Estate Brokerage segments. The company offers services in the areas of financing, deposits and other forms of investments, payment transfers, financial advisory services, asset management, insurance, and real estate brokerage. Sparebanken Møre was founded in 1843 and is headquartered in Ålesund, Norway.
Earnings Per Share
As for profitability, SPAREBANKEN MØRE has a trailing twelve months EPS of kr20.44.
PE Ratio
SPAREBANKEN MØRE has a trailing twelve months price to earnings ratio of 4.12. Meaning, the purchaser of the share is investing kr4.12 for every norwegian krone of annual earnings.
Return on Equity
The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is 12.57%.
Dividend Yield
As maintained by Morningstar, Inc., the next dividend payment is on Apr 4, 2024, the estimated forward annual dividend rate is 7.5 and the estimated forward annual dividend yield is 8.83%.
More news about SPAREBANKEN MØRE.
