DNO ASA

OB:DNO Aktierapport

Börsvärde: NOK 16.2b

DNO Förvaltning

Förvaltning kriterier kontrolleras 2/4

DNO VD är Chris Spencer, utsedd i Sep 2023, har en mandatperiod på 2.75 år. totala årliga ersättningen är $ 2.26M, bestående av 30.8% lön 69.2% bonusar, inklusive företagsaktier och optioner. äger direkt 0.006% av företagets aktier, värda NOK 1.05M. Den genomsnittliga mandatperioden för ledningsgruppen och styrelsen är 3.8 år respektive 4 år.

Viktig information

Chris Spencer

Verkställande direktör

US$2.3m

Total ersättning

VD-lön i procent30.77%
Anställning som VD2.8yrs
Ägande av VD0.006%
Ledningens genomsnittliga anställningstid3.8yrs
Styrelsens genomsnittliga mandatperiod4yrs

Senaste uppdateringar av ledningen

Recent updates

Uppdatering av berättelse Jun 22

DNO: Norwegian Shelf Deal And New Fields Will Support Future Upside

Analysts have nudged their price target on DNO to NOK 20.0. This reflects small adjustments to the discount rate, revenue growth, profit margin and a slightly lower assumed future P/E multiple in their updated models. What’s in the News for DNO DNO ASA has completed a multi asset transaction with Vår Energi ASA, adding a 5% stake in the Gjøa field and the Gjøa Nord discovery, while reducing its holding in the Nova subsea field from 45% to 40% and exiting its 15% interest in the Ringhorne Nord discovery.
Analysartikel Jun 20

DNO (OB:DNO) Stock Could Be 23.1% Undervalued After Vår Energi Deal

DNO (OB:DNO) shares moved after the company announced a multi-asset deal with Vår Energi that reshapes its Norwegian portfolio, including a new 5% stake in the offshore Gjøa hub and related assets. See our latest analysis for DNO. The Vår Energi deal comes after a mixed stretch for DNO's share price, with a 1-day share price return of 2.59% following the announcement contrasting with a 30-day share price return down 12.63%. The 1-year total shareholder return of 38.67% and 5-year total...
Uppdatering av berättelse Jun 07

DNO: New North Sea Field Start Up Will Support Future Upside

Analysts have kept their NOK 25.00 price target for DNO unchanged, citing modest adjustments to discount rate assumptions, a shift in expected revenue growth and profit margin, and a slightly lower future P/E estimate. What's in the News DNO reported operating results for the first quarter of 2026, with gross operated production in Kurdistan of 52,800 boepd and in the North Sea of 7,145 boepd, along with net production in the North Sea of 88,647 boepd and in Kurdistan of 39,600 boepd, plus 3,424 boepd of equity accounted production in West Africa.
Uppdatering av berättelse May 24

DNO: North Sea Production Gains Will Offer Balanced Upside Versus Risk Profile

Analysts now put their average price target for DNO at NOK 20.0 per share, up from NOK 11.1. They cite updated assumptions that include a lower discount rate, reduced revenue growth expectations, a slightly higher profit margin outlook, and a higher future P/E multiple. What's in the News DNO reported operating results for the first quarter of 2026, with gross operated production in Kurdistan at 52,800 boepd and in the North Sea at 7,145 boepd, while net production reached 88,647 boepd in the North Sea and 39,600 boepd in Kurdistan, and equity accounted production in West Africa was 3,424 boepd (Key Developments).
Analysartikel May 14

DNO's (OB:DNO) Solid Earnings Are Supported By Other Strong Factors

Even though DNO ASA's ( OB:DNO ) recent earnings release was robust, the market didn't seem to notice. We think that...
Analysartikel May 11

DNO ASA Just Missed EPS By 48%: Here's What Analysts Think Will Happen Next

Shareholders might have noticed that DNO ASA ( OB:DNO ) filed its first-quarter result this time last week. The early...
Uppdatering av berättelse May 02

DNO: Rising North Sea Production And Acquisition Optionality Will Support Future Upside

The analyst price target for DNO has increased from NOK 20 to NOK 25. Analysts attribute this change to updated assumptions regarding fair value, discount rate, revenue growth, profit margins and future P/E.
Uppdatering av berättelse Apr 18

DNO: North Sea Production Start And Acquisition Capacity Will Drive Upside Potential

Analysts have kept their NOK 22.67 price target for DNO unchanged, making only small adjustments to inputs such as discount rate, revenue growth, profit margin and future P/E to reflect updated assumptions in their models. What's in the News DNO ASA started up the Symra field offshore Norway nine months ahead of schedule, with a 20% stake in a development that is tied back to the Ivar Aasen platform where DNO also holds a 12.3% interest (Product-Related Announcements).
Uppdatering av berättelse Apr 03

DNO: Stable North Sea Cash Flows And Acquisitions Will Shape Outlook

Analysts have lifted their price target on DNO from NOK 21.00 to about NOK 22.67, citing updated fair value work that reflects slightly adjusted assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News DNO issued production guidance for 2026, expecting net production of 150,000 boepd, split between the North Sea at 82,000 boepd, Kurdistan at 65,000 boepd and West Africa at 3,000 boepd (company guidance).
Uppdatering av berättelse Mar 20

DNO: Stable North Sea Cash Flows And Acquisitions Will Shape Outlook

Analysts now set a higher price target for DNO at NOK 21.00, up from NOK 18.50. They point to updated assumptions around discount rates, revenue growth, profit margins and future P/E levels.
Uppdatering av berättelse Mar 06

DNO: Future Production Expansion Will Offer Limited Upside Versus Risk Profile

Analysts have maintained their DNO price target at NOK 11.1, based on updated assumptions that reflect slightly revised discount rates, revenue growth expectations, profit margins and future P/E multiples. What's in the News DNO ASA reported full year 2025 production results, with net production of 110,700 barrels of oil equivalent per day (boepd) and gross production of 79,217 boepd across the North Sea, Kurdistan and West Africa, described as the highest in the company’s 54 year history (Key Developments).
Uppdatering av berättelse Feb 19

DNO: Slower Growth And Margin Pressure Will Limit Upside From Production Expansion

Analysts have reduced their price target on DNO from NOK 17.50 to NOK 11.10. This reflects updates to their models that now assume more moderate revenue growth, a lower profit margin and a higher future P/E multiple.
Uppdatering av berättelse Feb 05

DNO: Solid Q3 Delivery And Kurdistan Restart Will Support Future Upside

Analysts have raised their price target on DNO ASA to NOK 17.50 from NOK 14.00, citing what they view as a solid Q3 report and the recent share selloff as key drivers of the revised outlook. Analyst Commentary Bullish analysts are framing the new NOK 17.50 price target as a reset of expectations that better reflects what they see as the company’s recent execution and the current share price level after the selloff.
Uppdatering av berättelse Jan 21

DNO: Q3 Delivery And Kurdistan Restart Will Support Stronger Production

Narrative Update on DNO Analysts have raised their price target on DNO to NOK 17.50 from NOK 14.00, citing a solid Q3 report, a recent share selloff, and updated assumptions for profit margin and future P/E as the main reasons for the change. Analyst Commentary Bullish analysts are pointing to the recent upgrade and higher price target as a sign of growing confidence in DNO following its Q3 report and the share price pullback.
Uppdatering av berättelse Jan 06

DNO: Q3 Delivery And New Fields Will Support Stronger Production

Analysts have lifted their fair value estimate for DNO to NOK 20.00 from NOK 19.00, citing updated assumptions on the discount rate, profit margin and future P/E following a "solid" Q3 report and the recent share pullback. Analyst Commentary Bullish Takeaways Bullish analysts have raised their fair value view to NOK 20.00, which they see as better aligned with updated assumptions on discount rate, profit margin and future P/E after the recent Q3 report and share pullback.
Uppdatering av berättelse Dec 23

DNO: North Sea Production Expansion Will Drive Upside Despite Kurdistan Risks

Analysts have raised their price target on DNO ASA from NOK 12.50 to NOK 17.50, citing improved growth expectations and a more favorable valuation following solid recent results and a pullback in the share price. Analyst Commentary While the latest upgrade and higher price target underscore improving sentiment toward DNO, the overall tone among market watchers remains balanced, with several cautionary flags still in focus.
Uppdatering av berättelse Dec 09

DNO: Solid Q3 Delivery And Recent Selloff Will Drive Share Rebound

Analysts have raised their price target on DNO to NOK 18.50 from NOK 17.50, reflecting increased confidence in the company after a solid Q3 report and its attractive valuation following the recent share selloff. Analyst Commentary Bullish analysts highlight that the recent upgrade to a Buy rating aligns with improving fundamentals and a supportive valuation backdrop.
Uppdatering av berättelse Nov 25

DNO: Upgraded Rating And Q3 Performance Will Lift Share Momentum

Analysts have raised their price target for DNO from NOK 18.17 to NOK 18.50. They cite improved confidence after a strong quarterly report and a recent share price correction.
Uppdatering av berättelse Nov 07

DNO: Resilient Q3 Performance And North Sea Synergies Will Drive Upside

Analysts have raised their price target for DNO from NOK 17.00 to NOK 18.17. This change reflects confidence in the company’s improving financial outlook, following a positive Q3 report and recent market movements.
Uppdatering av berättelse Sep 05

Sval Energi Deal And North Sea Expansion Will Secure Stability

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.
Analysartikel Mar 23

DNO (OB:DNO) Takes On Some Risk With Its Use Of Debt

The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
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Ny berättelse Feb 17

Reopening The Iraqi-Turkish Pipeline Will Increase Future Production Levels

Strategic acquisitions and exploration in the North Sea could drive revenue growth and strengthen earnings.
Analysartikel Oct 09

DNO (OB:DNO) Could Be Struggling To Allocate Capital

Ignoring the stock price of a company, what are the underlying trends that tell us a business is past the growth phase...
Analysartikel Sep 16

What You Can Learn From DNO ASA's (OB:DNO) P/S

When you see that almost half of the companies in the Oil and Gas industry in Norway have price-to-sales ratios (or...
Analysartikel Aug 23

We Think You Can Look Beyond DNO's (OB:DNO) Lackluster Earnings

DNO ASA's ( OB:DNO ) stock was strong despite it releasing a soft earnings report last week. We think that investors...
Analysartikel Aug 19

DNO (OB:DNO) Is Increasing Its Dividend To $0.3125

DNO ASA ( OB:DNO ) has announced that it will be increasing its dividend from last year's comparable payment on the...
Analysartikel Mar 08

It's A Story Of Risk Vs Reward With DNO ASA (OB:DNO)

With a median price-to-sales (or "P/S") ratio of close to 1.3x in the Oil and Gas industry in Norway, you could be...
Analysartikel Feb 13

DNO ASA (OB:DNO) Analysts Are More Bearish Than They Used To Be

The latest analyst coverage could presage a bad day for DNO ASA ( OB:DNO ), with the analysts making across-the-board...
Analysartikel Jan 21

DNO (OB:DNO) Takes On Some Risk With Its Use Of Debt

Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...

Analys av ersättningar till VD

Hur har Chris Spencer:s ersättning förändrats jämfört med DNO:s resultat?
DatumTotal ersättningLönFöretagets resultat
Mar 31 2026n/an/a

-US$5m

Dec 31 2025US$2mUS$696k

-US$48m

Sep 30 2025n/an/a

-US$102m

Jun 30 2025n/an/a

-US$91m

Mar 31 2025n/an/a

-US$47m

Dec 31 2024US$922kUS$649k

-US$27m

Sep 30 2024n/an/a

US$75m

Jun 30 2024n/an/a

US$1m

Mar 31 2024n/an/a

-US$52m

Dec 31 2023US$1mUS$583k

US$19m

Sep 30 2023n/an/a

US$57m

Jun 30 2023n/an/a

US$241m

Mar 31 2023n/an/a

US$332m

Dec 31 2022US$902kUS$579k

US$385m

Sep 30 2022n/an/a

US$407m

Jun 30 2022n/an/a

US$309m

Mar 31 2022n/an/a

US$293m

Dec 31 2021US$746kUS$577k

US$204m

Sep 30 2021n/an/a

US$79m

Jun 30 2021n/an/a

-US$75m

Mar 31 2021n/an/a

-US$195m

Dec 31 2020US$696kUS$476k

-US$286m

Sep 30 2020n/an/a

-US$175m

Jun 30 2020n/an/a

-US$149m

Mar 31 2020n/an/a

-US$17m

Dec 31 2019US$610kUS$469k

US$74m

Ersättning vs marknad: Chris s total kompensation ($USD 2.26M ) är över genomsnittet för företag av liknande storlek på Norwegian marknaden ($USD 1.03M ).

Ersättning vs inkomst: Ersättningen för Chris har ökat samtidigt som företaget är olönsamt.


VD OCH KONCERNCHEF

Chris Spencer

2.8yrs
Anställning
US$2,261,600
Kompensation

Mr. Christopher Spencer, also known as Chris, served as Chief Operating Officer at DNO ASA since July 12, 2021 and serves as its Managing Director since September 07, 2023. He served as Deputy Managing Dir...


Ledningsgrupp

NamnPositionAnställningKompensationÄgarskap
Bijan Mossavar-Rahmani
Executive Chairman15.3yrsUS$2.34m12.89%
NOK 2.1b
Christopher Spencer
Managing Director2.8yrsUS$2.26m0.0065%
NOK 1.1m
Birgitte Johansen
Chief Financial Officerless than a yearUS$406.92kinga uppgifter
Erling Synnes
Chief Information Officerno dataUS$578.50kinga uppgifter
Geir Skau
Chief Human Resources & Corporate Services Officer7.4yrsUS$1.08m0.010%
NOK 1.7m
Tonje Gormley
General Counsel of Middle East7.4yrsUS$1.15m0.0019%
NOK 313.3k
Linn Hoel
Chief Commercial Officerno dataUS$595.20k0.019%
NOK 3.1m
Erlend Einum
Chief Business Development Officerno dataUS$693.40k0.020%
NOK 3.3m
Halvor Engebretsen
Managing Director DNO Norge ASno dataUS$357.10kinga uppgifter
Sameh Hanna
General Manager of Kurdistan Region of Iraq3.8yrsUS$1.26minga uppgifter
Elisabeth Femsteinevik
General Manager of North Seano dataUS$450.00k0.013%
NOK 2.2m
Gudmund Hartveit
Manager of Corporate Development & IRno datainga uppgifteringa uppgifter
3.8yrs
Genomsnittlig anställningstid

Erfaren ledning: DNO s ledningsgrupp anses vara erfaren ( 3.8 års genomsnittlig anställningstid).


Styrelseledamöter

NamnPositionAnställningKompensationÄgarskap
Bijan Mossavar-Rahmani
Executive Chairman15.3yrsUS$2.34m12.89%
NOK 2.1b
Gunnar Hirsti
Independent Deputy Chairman of the Board18.6yrsUS$161.20k0.036%
NOK 5.8m
Elin Karfjell
Independent Director11yrsUS$128.70k0.0034%
NOK 548.7k
Anita Marie Aarnaes
Independent Director4yrsUS$128.70kinga uppgifter
Ferris Hussein
Independent Director1yrUS$46.70kinga uppgifter
Grethe Moen
Independent Director1yrUS$45.30kinga uppgifter
Najmedin Meshkati
Independent Director3yrsUS$133.50kinga uppgifter
4.0yrs
Genomsnittlig anställningstid
69yo
Genomsnittlig ålder

Erfaren styrelse: DNO s styrelse anses vara erfaren ( 4 års genomsnittlig mandatperiod).


Företagsanalys och finansiella data Status

UppgifterSenast uppdaterad (UTC-tid)
Analys av företag2026/06/28 17:16
Aktiekurs vid dagens slut2026/06/26 00:00
Intäkter2026/03/31
Årlig intjäning2025/12/31

Datakällor

Den data som används i vår företagsanalys kommer från S&P Global Market Intelligence LLC. Följande data används i vår analysmodell för att generera denna rapport. Data är normaliserade vilket kan medföra en fördröjning från det att källan är tillgänglig.

PaketUppgifterTidsramExempel US-källa
Företagets finansiella ställning10 år
  • Resultaträkning
  • Kassaflödesanalys
  • Balansräkning
Analytikernas konsensusuppskattningar+3 år
  • Prognos för finansiella poster
  • Analytikernas prismål
Marknadspriser30 år
  • Aktiekurser
  • Utdelningar, splittar och åtgärder
Ägarskap10 år
  • Största aktieägare
  • Insiderhandel
Förvaltning10 år
  • Ledningsgrupp
  • Styrelse och verkställande direktörer
Viktiga utvecklingstendenser10 år
  • Företagsmeddelanden

* Exempel för amerikanska värdepapper, för icke-amerikanska värdepapper används motsvarande regelverk och källor.

Om inget annat anges är all finansiell data baserad på en årsperiod men uppdateras kvartalsvis. Detta kallas data för efterföljande tolv månader (TTM) eller senaste tolv månader (LTM). Lär dig mer om detta.

Analysmodell och snöflinga

Detaljer om analysmodellen som används för att skapa denna rapport finns på vår Github-sida; vi har också guider om hur du använder våra rapporter och handledningar på Youtube.

Lär dig mer om det team i världsklass som utformade och byggde analysmodellen Simply Wall St.

Industri- och sektormått

Våra bransch- och sektionsmått beräknas var sjätte timme av Simply Wall St, detaljer om vår process finns tillgängliga på Github.

Källor för analytiker

DNO ASA bevakas av 21 analytiker. 4 av dessa analytiker lämnade de uppskattningar av intäkter eller resultat som användes som indata till vår rapport. Analytikernas inskickade estimat uppdateras löpande under dagen.

AnalytikerInstitution
null nullABG Sundal Collier
Rafal GutajBofA Global Research
Charlie SharpCanaccord Genuity