DNO (DNOO) Stock Overview

Engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa. More details

DNOO fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	4/6
Past Performance	3/6
Financial Health	4/6
Dividends	3/6

Rewards

Trading at 25.4% below our estimate of its fair value

Earnings are forecast to grow 28.39% per year

Became profitable this year

Risk Analysis

Shares are highly illiquid

Dividend of 7.57% is not well covered by earnings

DNOO Community Fair Values

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DNO ASA Competitors

Price History & Performance

Summary of share price highs, lows and changes for DNO
Historical stock prices
Current Share Price	NOK 19.78
52 Week High	NOK 21.76
52 Week Low	NOK 12.88
Beta	-0.15
1 Month Change	21.02%
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	89.23%
5 Year Change	147.25%
Change since IPO	115.41%

Recent updates

Shareholder Returns

	DNOO	GB Oil and Gas	GB Market
7D	5.7%	-0.6%	0.04%
1Y	n/a	35.5%	15.9%

Return vs Industry: Insufficient data to determine how DNOO performed against the UK Oil and Gas industry.

Return vs Market: Insufficient data to determine how DNOO performed against the UK Market.

Price Volatility

Is DNOO's price volatile compared to industry and market?
DNOO volatility
DNOO Average Weekly Movement	n/a
Oil and Gas Industry Average Movement	7.1%
Market Average Movement	4.9%
10% most volatile stocks in GB Market	10.8%
10% least volatile stocks in GB Market	2.6%

Stable Share Price: DNOO's share price has been volatile over the past 3 months compared to the UK market.

Volatility Over Time: Insufficient data to determine DNOO's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1971	1,058	Chris Spencer	www.dno.no

DNO ASA engages in the exploration, development, and production of oil and gas assets in the Middle East, the North Sea, and West Africa. The company holds 75% operating interests in the Tawke and Peshkabir fields located in the Kurdistan; and approximately 9% interest in Côte d’Ivoire’s Block CI-27 located in West Africa. It also holds licenses in reservoirs, including in the Cretaceous, Jurassic and Triassic formations; and 129 offshore licenses in Norway, seven offshore licenses in the UK and one offshore license in the decommissioning phase in the Netherlands.

DNO ASA Fundamentals Summary

How do DNO's earnings and revenue compare to its market cap?
DNOO fundamental statistics
Market cap	NOK 19.13b
Earnings (TTM)	NOK 721.73m
Revenue (TTM)	NOK 22.74b

26.5x

P/E Ratio

0.8x

P/S Ratio

Is DNOO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
DNOO income statement (TTM)
Revenue	US$2.42b
Cost of Revenue	US$1.06b
Gross Profit	US$1.35b
Other Expenses	US$1.28b
Earnings	US$76.70m

Last Reported Earnings

Jun 30, 2026

Next Earnings Date

Oct 29, 2026

Earnings per share (EPS)	0.079
Gross Margin	55.99%
Net Profit Margin	3.17%
Debt/Equity Ratio	80.2%

How did DNOO perform over the long term?

See historical performance and comparison

Dividends

7.6%

Current Dividend Yield

191%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/09/20 10:55
End of Day Share Price	2026/09/16 00:00
Earnings	2026/06/30
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

DNO ASA is covered by 21 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	ABG Sundal Collier
Rafal Gutaj	BofA Global Research
Charlie Sharp	Canaccord Genuity

DNO (DNOO) Stock Overview

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Risk Analysis

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DNO ASA Competitors

Harbour Energy

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Price History & Performance

Recent News & Updates

Panoro Energy ASA (OB:PEN) acquired 9.09% stake in Côte d’Ivoire oil and gas business from DNO ASA (OB:DNO) for $77.7 million.

DNO ASA (OB:DNO) reached agreement to acquire Capricorn Energy PLCC (LSE:CNE) for approximately $370 million.

Equinor Energy AS announced an agreement to acquire licenses PL293B and 293 CS, PL827 and PL1245 from DNO ASA (OB:DNO).

DNO ASA Declares Cash Dividend, Payable on or About 1 September 2026

DNO ASA Reports Appraisal Results for Carmen Gas-Condensate Discovery in Norwegian North Sea License PL1148

DNO ASA Approves Dividend, Payable on or About 25 February 2026

Recent updates

Panoro Energy ASA (OB:PEN) acquired 9.09% stake in Côte d’Ivoire oil and gas business from DNO ASA (OB:DNO) for $77.7 million.

DNO ASA (OB:DNO) reached agreement to acquire Capricorn Energy PLCC (LSE:CNE) for approximately $370 million.

Equinor Energy AS announced an agreement to acquire licenses PL293B and 293 CS, PL827 and PL1245 from DNO ASA (OB:DNO).

DNO ASA Declares Cash Dividend, Payable on or About 1 September 2026

DNO ASA Reports Appraisal Results for Carmen Gas-Condensate Discovery in Norwegian North Sea License PL1148

DNO ASA Approves Dividend, Payable on or About 25 February 2026

DNO ASA, Annual General Meeting, Jun 04, 2026

DNO ASA to Report First Half, 2026 Results on Aug 13, 2026

ORLEN Upstream Norway AS agreed to acquire 7.60% stake in Ekofisk Previously Produced Fields (PPF) project in license PL018B and PL018F in Norway from DNO ASA (OB:DNO).

DNA ASA Proposes Dividend, Payable on or About 24 November 2025

DNO ASA Announces Chief Financial Officer Changes

DNO ASA Approves Quarterly Cash Dividend, Payable on or About 8 September 2025

DNO ASA (OB:DNO) completed the acquisition of Sval Energi Group AS from HitecVision AS (OTCNO:HITV) and others.

DNO ASA Approves Board Appointments

DNO ASA Announces Oil and Gas Discovery in Northern North Sea License Pl1182 S

DNO ASA (OB:DNO) reached agreement to acquire Sval Energi Group AS from HitecVision AS (OTCNO:HITV) and others for an enterprise value of $1.6 billion.

DNO ASA Approves Cash Dividend, Payable on or About 21 February 2025

Trym Reboot Boosts North Sea Output

DNO ASA to Report Fiscal Year 2024 Results on Apr 03, 2025

DNO Asa Approves Dividend, Payable on or About 22 November 2024

DNO ASA Approves Dividend, Payable on or About 30 August 2024

DNO ASA Racks Up Discoveries in Its Offshore Norway Core Area

DNO ASA Approves Dividend, Payable on or About 28 May 2024

DNO ASA Announces Kurdistan Operations Recover Rapidly from Torrential Flooding

DNO ASA Announces Completion of an Appraisal Well and Sidetrack

DNO ASA Approves Dividend, Payable on or About 26 February 2024

Less than half of directors are independent

DNO ASA to Report Q4, 2023 Results on Feb 08, 2024

DNO ASA Announces Successful Completion of the Second Appraisal Well on the Bergknapp/re Discovery in License PL836S in the Norwegian Sea

DNO Announces Successful Ofelia Appraisal and New Kyrre Discovery

DNO ASA Approves Dividend, Payable on or About 24 November 2023

DNO ASA Reopens Production At Tawke PSC

DNO Makes Play-Opening Discovery at Norma

DNO ASA Announces Managing Director Changes

DNO ASA Announces Update on Tawke PSC

DNO ASA Approves Dividend Payment, o Be Made on or About 1 September 2023

DNO ASA Announces Gas and Condensate Discovery on the Carmen Prospect in the Norwegian North Sea License PL1148

Less than half of directors are independent

Less than half of directors are independent

DNO ASA Approves Executive Changes

Upcoming dividend of kr0.25 per share at 9.6% yield

First quarter 2023 earnings released: EPS: US$0.088 (vs US$0.14 in 1Q 2022)

DNO ASA Approves Cash Dividend, Payable on or about June 2, 2023

Now 24% undervalued after recent price drop

Full year 2022 earnings released: EPS: US$0.39 (vs US$0.21 in FY 2021)

Full year 2022 earnings released: EPS: US$0.39 (vs US$0.21 in FY 2021)

DNO ASA Confirms Oil and Gas Discovery on the Røver Sør Prospect in the Norwegian North Sea License PL923

Less than half of directors are independent

Insider recently bought kr125k worth of stock

Less than half of directors are independent

DNO ASA to Report First Half, 2023 Results on Aug 17, 2023

Insider recently bought kr485k worth of stock

Third quarter 2022 earnings released: EPS: US$0.13 (vs US$0.032 in 3Q 2021)

Investor sentiment improved over the past week

Less than half of directors are independent

Second quarter 2022 earnings released: EPS: US$0.074 (vs US$0.058 in 2Q 2021)

Less than half of directors are independent

Insufficient new directors

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Insufficient new directors

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Investor sentiment improved over the past week