(VIANEWS) – MAGNORA (MGN.OL), REACH SUBSEA (REACH.OL), OKEA (OKEA.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. MAGNORA (MGN.OL)
210.1% sales growth and 52.28% return on equity
Magnora ASA operates as a renewable energy development company. It primarily focuses on developing wind and solar photovoltaic (PV) projects. The company also hold license agreements with the Dana Western Isles and Shell Penguins FPSO. It serves oil companies and marine contractors in the United Kingdom, Norway, and Sweden. The company was formerly known as Sevan Marine ASA and changed its name to Magnora ASA in October 2018. Magnora ASA was incorporated in 2001 and is based in Oslo, Norway.
Earnings Per Share
As for profitability, MAGNORA has a trailing twelve months EPS of kr3.95.
PE Ratio
MAGNORA has a trailing twelve months price to earnings ratio of 8.05. Meaning, the purchaser of the share is investing kr8.05 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 52.28%.
Sales Growth
MAGNORA’s sales growth is negative 94.8% for the present quarter and 210.1% for the next.
Yearly Top and Bottom Value
MAGNORA’s stock is valued at kr31.80 at 11:20 EST, way under its 52-week high of kr38.60 and way higher than its 52-week low of kr19.80.
Volume
Today’s last reported volume for MAGNORA is 62798 which is 53.68% below its average volume of 135592.
More news about MAGNORA.
2. REACH SUBSEA (REACH.OL)
96.2% sales growth and 26.05% 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 7.05. Meaning, the purchaser of the share is investing kr7.05 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 26.05%.
Dividend Yield
According to Morningstar, Inc., the next dividend payment is on Jun 1, 2023, the estimated forward annual dividend rate is 0.18 and the estimated forward annual dividend yield is 4%.
More news about REACH SUBSEA.
3. OKEA (OKEA.OL)
66.5% sales growth and 32.98% return on equity
OKEA ASA, an oil and gas company, engages in the development and production of oil and gas in the Norwegian continental shelf. The company holds 44.56% interests in Draugen, 12% interests in Gjøa, 9.2385% interests in Ivar Aasen, 6% interests in Nova, and 15% interests in Yme assets. OKEA ASA was incorporated in 2015 and is headquartered in Trondheim, Norway.
Earnings Per Share
As for profitability, OKEA has a trailing twelve months EPS of kr6.49.
PE Ratio
OKEA has a trailing twelve months price to earnings ratio of 4.15. Meaning, the purchaser of the share is investing kr4.15 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 32.98%.
Moving Average
OKEA’s worth is way below its 50-day moving average of kr34.66 and way below its 200-day moving average of kr34.47.
Earnings Before Interest, Taxes, Depreciation, and Amortization
OKEA’s EBITDA is 4.
Yearly Top and Bottom Value
OKEA’s stock is valued at kr26.94 at 11:20 EST, way below its 52-week high of kr41.36 and higher than its 52-week low of kr24.50.
Previous days news about OKEA(OKEA.OL)
- Equinor (eqnr) completes divestment of statfjord stake to OKEA. According to Zacks on Wednesday, 3 January, "The acquisitions strategically position OKEA in the key units within the Statfjord area, enhancing its presence in the Norwegian oil and gas sector.", "The acquired assets were initially estimated to possess net 2P reserves of 41 MMboe and net 2C resources of 8 MMboe, with an additional upside potential of 14 MMboe identified by OKEA through drilling beyond 2028 and cost-reduction initiatives. "
More news about OKEA.
4. BOUVET (BOUV.OL)
9.7% sales growth and 60.9% return on equity
Bouvet ASA provides IT and digital communication consultancy services for public and private sector companies in Norway, Sweden, and internationally. Bouvet ASA was founded in 1995 and is based in Oslo, Norway.
Earnings Per Share
As for profitability, BOUVET has a trailing twelve months EPS of kr3.15.
PE Ratio
BOUVET has a trailing twelve months price to earnings ratio of 19.05. Meaning, the purchaser of the share is investing kr19.05 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 60.9%.
Volume
Today’s last reported volume for BOUVET is 9060 which is 71.72% below its average volume of 32047.
Moving Average
BOUVET’s value is under its 50-day moving average of kr63.78 and under its 200-day moving average of kr62.05.
More news about BOUVET.
