Vår Energi AS (OTCMKTS:VARRY) Hits New 12-Month High – Time to Buy?

Vår Energi AS (OTCMKTS:VARRY – Get Free Report) hit a new 52-week high on Monday. The stock traded as high as $12.5760 and last traded at $12.50, with a volume of 7,505 shares. The stock had previously closed at $12.30.

Vår Energi AS Stock Performance

The stock has a 50-day moving average price of $11.02 and a 200 day moving average price of $10.15.

Vår Energi AS (OTCMKTS:VARRY – Get Free Report) last issued its earnings results on Tuesday, October 20th. The company reported $0.22 earnings per share for the quarter. The firm had revenue of $3.57 billion during the quarter.

Vår Energi AS Company Profile

(Get Free Report)

Vår Energi AS is a Norwegian independent oil and gas company focused on exploration, development, and production on the Norwegian Continental Shelf. The company produces crude oil, natural gas, and natural gas liquids and holds interests in a broad portfolio of offshore fields, including operated and non-operated assets.

The company was established in 2018 through the combination of Eni Norge and Point Resources. Its activities span the full upstream value chain, from identifying and appraising hydrocarbon resources to developing fields and operating producing assets.

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