Risk factor
Vulnerable to price shocks
Profitability factor
Weak margins and returns
About
Panoro Energy ASA operates as an autonomous enterprise specializing in the discovery, development, and extraction of oil and natural gas resources across the African continent. The company holds significant interests and active operations in several nations, including Equatorial Guinea, Gabon, Tunisia, South Africa, and Nigeria. As of December 31, 2021, its reported proven (1P) oil reserves amounted to 71.5 million barrels, with proven and probable (2P) reserves reaching 99.7 million barrels, and total proven, probable, and possible (3P) reserves standing at 131.3 million barrels, primarily attributed to the Tortue, Ruche, Ruche Northeast, and Hibiscus fields. Established in 2009, its principal office is situated in London, United Kingdom.
Company Valuation
Based on key historical and expected multiples, the stock is fairly valued relative to its peers. In particular, the stock is overpriced on P/E, 'cheap' on EV/EBITDA, ove
Target Price
The average target price of PEN.OL is 40.9 and suggests 39.5% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in