Update shared on05 Sep 2025
DNO's fair value has remained unchanged at NOK17.00 despite a sharp increase in its Future P/E ratio, suggesting that rising valuation multiples have been offset by other factors in analysts’ assessments.
What's in the News
- DNO is pursuing bolt-on acquisitions to drive portfolio growth and high-grading, as outlined in its Second Quarter 2025 Earnings Call.
- A quarterly cash dividend payment of NOK 0.375 per share was approved, payable on or about 8 September 2025.
- Second quarter 2025 gross operated production in Kurdistan was 74,760 boepd (down y/y), while North Sea production was 5,526 boepd; net entitlement production increased y/y in both Kurdistan and the North Sea.
- DNO confirmed a gas and condensate discovery on the Vidsyn prospect in the Norwegian Sea, estimating gross recoverable resources at 25–40 MMboe, following an increase in its stake from 7.5% to 25%.
- Operations at DNO's Tawke license in Kurdistan were temporarily suspended due to explosions affecting a storage tank and processing equipment; no injuries reported, with production set to resume after assessments.
Valuation Changes
Summary of Valuation Changes for DNO
- The Consensus Analyst Price Target remained effectively unchanged, at NOK17.00.
- The Future P/E for DNO has significantly risen from 4.57x to 45.86x.
- The Discount Rate for DNO remained effectively unchanged, at 7.85%.
Disclaimer
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