PEN Stock Analysis: Panoro Energy ASA | OL
Oil & Gas E&P | OL, Norway | Market Cap: 4.499m NOK | 12M Return: 48% | NO0010564701 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 23.0M
Qual. Beats: -4
Rev. Trend: 80.5%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality
Panoro Energy ASA (OL:PEN) is a Norway-based independent exploration and production company focused on oil and gas assets across Africa, with operations in Equatorial Guinea, Gabon, Tunisia, and South Africa. The company was incorporated in 2009 and is headquartered in Oslo. As a small-cap E&P operator with a market capitalization of approximately $477 million, Panoro operates within the upstream segment of the energy value chain, which involves exploring for hydrocarbon reservoirs, drilling wells, and producing crude oil and natural gas for sale to refiners, utilities, or trading firms. Its geographically concentrated African portfolio exposes the business to region-specific risks, including regulatory frameworks, political stability, and infrastructure access, while offering exposure to relatively low-cost hydrocarbon provinces. The company competes alongside other independent E&P firms that target underdeveloped or marginal fields where larger integrated oil majors have limited presence.
- Brent crude price swings drive African asset revenues
- Dussafu Gabon production growth lifts oil output volumes
- Equatorial Guinea fiscal terms and production decline risk
| Net Income: -99.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 4.57 > 1.0 |
| NWC/Revenue: 5.04% < 20% (prev 30.18%; Δ -25.14% < -1%) |
| CFO/TA 0.05 > 3% & CFO 63.2m > Net Income -99.8m |
| Net Debt/EBITDA: error (cannot be calculated) |
| Current Ratio: 1.23 > 1.5 & < 3 |
| Outstanding Shares: last quarter (133.0m) vs 12m ago 18.99% < -2% |
| Gross Margin: error (current vs previous; cannot be calculated due to missing/invalid data or negative margin) |
| Asset Turnover: 76.99% > 50% (prev 32.51%; Δ 44.47% > 0%) |
| Interest Coverage Ratio: 5.81 > 6 (EBIT TTM 116.3m / Interest Expense TTM 20.0m) |
| A: 0.03 (Total Current Assets 204.6m - Total Current Liabilities 165.8m) / Total Assets 1.30b |
| B: -0.22 (Retained Earnings -285.0m / Total Assets 1.30b) |
| C: 0.12 (EBIT TTM 116.3m / Avg Total Assets 998.6m) |
| D: 0.18 (Book Value of Equity 199.2m / Total Liabilities 1.10b) |
| Altman-Z'' = 0.45 = B |
| DSRI: 0.61 (Receivables 32.5m/15.7m, Revenue 768.8m/228.3m) |
| GMI: 0.86 (GM 83.15% / 96.71%) |
| AQI: 0.54 (AQ_t 0.00 / AQ_t-1 0.00) |
| SGI: 3.37 (Revenue 768.8m / 228.3m) |
| TATA: -0.13 (NI -99.8m - CFO 63.2m) / TA 1.30b) |
| Beneish M = -2.06 (Cap -4..+1) = BB |
As of September 19, 2026, the stock is trading at NOK 31.60 with a total of 696,694 shares traded. Over the past week, the price has changed by +1.28%, over one month by +11.67%, over three months by +9.38% and over the past year by +47.99%.
Current recommended Stop Loss: 30.20 (which is 4.4% or 1.6 ATR below the current price).
Panoro Energy ASA has no consensus analysts rating.
Market Cap USD = 476.9m (4.50b NOK * 0.106 NOK.USD)
P/E Forward = 4.6168
P/S = 25.9135
P/B = 2.4218
Revenue TTM = 768.8m USD
EBIT TTM = 116.3m USD
EBITDA TTM = 163.5m USD
Long Term Debt = 272.5m USD (from longTermDebt, last quarter)
Short Term Debt = 25.4m USD (from shortLongTermDebt, last quarter)
Debt = unknown
Net Debt = unknown
Enterprise Value = 419.6m USD (476.9m + (null Debt) - CCE 57.3m)
Interest Coverage Ratio = 5.81 (Ebit TTM 116.3m / Interest Expense TTM 20.0m)
EV/FCF = -43.49x (Enterprise Value 419.6m / FCF TTM -9.65m)
FCF Yield = -2.30% (FCF TTM -9.65m / Enterprise Value 419.6m)
FCF Margin = -1.26% (FCF TTM -9.65m / Revenue TTM 768.8m)
Net Margin = -12.99% (Net Income TTM -99.8m / Revenue TTM 768.8m)
Gross Margin = unknown ((Revenue TTM 768.8m - Cost of Revenue TTM 25.3m) / Revenue TTM)
Tobins Q-Ratio = 0.32 (Enterprise Value 419.6m / Total Assets 1.30b)
Interest Expense / Debt = unknown (Interest Expense 20.0m / Debt none)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 91.9m (EBIT 116.3m * (1 - 21.00%))
Current Ratio = 1.23 (Total Current Assets 204.6m / Total Current Liabilities 165.8m)
Debt / Equity = unknown (Debt none)
Debt / EBITDA = unknown (Net Debt none / EBITDA 163.5m)
Debt / FCF = unknown (Net Debt none / FCF TTM -9.65m)
Total Stockholder Equity = 220.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -10.00% (Net Income -99.8m / Total Assets 1.30b)
RoE = -45.26% (Net Income TTM -99.8m / Total Stockholder Equity 220.6m)
RoCE = 23.60% (EBIT 116.3m / Capital Employed (Equity 220.6m + L.T.Debt 272.5m))
RoIC = 8.43% (NOPAT 91.9m / Invested Capital 1.09b)
WACC = 6.05% (E(476.9m)/V(476.9m) * Re(6.05%) + (debt-free company))
Discount Rate = 6.05% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -30.26 | Cagr: -4.05%
[DCF] Fair Price = unknown (Cash Flow -9.65m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -1.27 | # QB: -4
Revenue Correlation: 80.45 | Revenue CAGR: 68.58% | SUE: -0.05 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.28 | Chg30d=-10.40% | Revisions=-25% | Analysts=1
EPS current Year (2026-12-31): EPS=0.17 | Chg30d=-65.00% | Revisions=-40% | GrowthEPS=+996.8% | GrowthRev=+39.8%
EPS next Year (2027-12-31): EPS=0.86 | Chg30d=-1.42% | Revisions=-40% | GrowthEPS=+408.8% | GrowthRev=+53.2%
[Analyst] Revisions Ratio: -62% (up=0, down=5)