DNO.OL

Strong BuyUnloved QualityAI screen pass

DNO ASA · Energy · Norway · $2.0B

NOK 19.11 +0.6% · close 5 Oct · scored 7 Oct

Unloved Quality: Strong and cheap; the market has not turned yet.

89
StockRank
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Quality
64
Value
73
Momentum
49

Does StockRank work? Each month we publish how every decile did, whichever way it went. See the record →

P/E (TTM)
24.7x
peers 11.4x
ROE
8.6%
peers 19.0%
D/E
0.8x
peers 0.8x
Dividend %
7.9%
trailing yield
AI screening note

Strong quantitative metrics coupled with a massive 405% EPS consensus revision align with the energy price floor theme. The business is a direct beneficiary of geopolitical tensions.

ABOUT DNO ASA

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DNO ASA is a Norwegian oil and gas operator focused on exploration, development, and production assets in the Middle East and the North Sea. The company is a low-cost producer in the Kurdistan region of Iraq, where it holds a dominant operating footprint and substantial reserve base. Its geographic diversification into the UK and Norwegian continental shelves provides a stable regulatory hedge against Middle Eastern geopolitical risks.

FINANCIAL SUMMARY (NOK)

Year2022202320242025CAGRTTM2026E2027EFwd CAGR
Revenue13.2B6.4B6.4B14.1B2.3%23.2B27.7B27.2B38.8%
EPS (NOK)3.740.19-0.29-0.48-94.9%0.77———
Shares1.0B975.0M975.0M975.0M-4.2%975.0M———
Debt5.4B5.5B7.7B13.1B34.0%10.9B———
Equity13.1B11.8B10.4B12.7B-1.0%————
Op CF10.1B1.9B4.0B5.7B-17.6%12.4B———
Inv CF-4.0B-2.7B-3.4B-8.0B—————
Fin CF-4.0B-1.4B1.2B-1.9B—————
Loading 1Y...
PRICE (1Y) · NOK+4.5%
17.718.218.719.219.821 Aug15 Sep5 Oct
SMA 50SMA 200

Price checkExperimental
SwingsAverage

Calmer than 59% of stocks we rank over the past year (37% a year).

How this is worked out

What it measures: day-to-day price moves over the past year, as a yearly figure, ranked against every stock we cover. Very calm under 20% a year, Calm 20 to 30%, Average 30 to 40%, Bumpy 40 to 55%, Very bumpy above that.

What we found: across about 13,500 stocks in 34 markets (2002 to 2025), past swings were a good guide to the next year's, and bumpier stocks fell further. How much further changed too much between eras to put a number on it.

Calm is not safe: a calm stock can still slide steadily.

Rules fixed before any data was fetched. Describes the chart, not a recommendation.

Close
NOK 19.11
RSI (14)
44.8
52-Week Range-9.4% from high
Low NOK 11.38High NOK 21.10

SCORE BREAKDOWN

Quality
64
ROIC
11.0%64.9
ROE
8.6%50.8
GP/Assets
22.6%68.7
Op. Margin
51.7%89.6
FCF/Assets
14.3%92.1
Piotroski
783.5
Int. Cover
4.1x49.7
D/E Ratio
0.83x25.9
Current Ratio
0.88x22.2
Value
73
P/E (TTM)
24.7x25.3
EV/EBITDA
1.3x98.1
P/FCF
2.4x94.8
P/B
1.5x57.0
P/S
0.8x71.5
Div Yield
7.9%88.2
Momentum
49
52W High %
91%71.8
RS 6M
—N/A
SMA 50/200
1.06x56.0
EPS Rev 4W
-79.8%0.2
EPS Rev 12W
+6.2%73.0
EPS Improve
+459%94.4
Q Growth
—N/A

FUNDAMENTALS

Market Cap
$2.0B
P/E (Forward)
4.4x
Gross Margin
56.0%

SECTOR PEERS

Closest peers in Energy, ranked by industry match, size, and score similarity. Cross-listings of DNO.OL are excluded.

TickerCompanyMkt CapStockRankSignal
DNO.OLDNO ASA(you)$2.0B89Strong Buy
BNOR.OLBlueNord ASA$1.6B93Strong Buy
VAR.OLVår Energi ASA$14.0B97Strong Buy
OKEA.OLOKEA ASA$446M71Buy
AKRBP.OLAker BP ASA$23.9B91Strong Buy
PNOR.OLPetroNor E&P ASA$188M96Strong Buy
PEN.OLPanoro Energy ASA$453M22Sell
AKSO.OLAker Solutions ASA$2.2B89Strong Buy
SOFF.OLSolstad Offshore ASA$814M80Strong Buy
TGS.OLTGS ASA$3.1B69Buy

Peer medians: ROE 19.0% · P/E 11.4x · Gross margin 61.6%

Company Deep Dive

Business segments breakdown, earnings transcript analysis, management credibility scoring, competitive landscape, and scenario modelling.

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DNO ASA (DNO.OL): Stock Score Summary

DNO ASA (DNO.OL) has a MoatMap StockRank of 89/100 based on Quality (64/100), Value (73/100), and Momentum (49/100) factor scores. The current signal is STRONG BUY. Strong quantitative metrics coupled with a massive 405% EPS consensus revision align with the energy price floor theme. The business is a direct beneficiary of geopolitical tensions.

DNO ASA is a Norwegian oil and gas operator focused on exploration, development, and production assets in the Middle East and the North Sea. The company is a low-cost producer in the Kurdistan region of Iraq, where it holds a dominant operating footprint and substantial reserve base. Its geographic diversification into the UK and Norwegian continental shelves provides a stable regulatory hedge against Middle Eastern geopolitical risks.

Key Financial Metrics

PriceNOK 19.11
Market Cap$2.0B
P/E (TTM)24.68
P/E (Forward)4.41
Price/Book1.45
Return on Equity8.6%
Return on Invested Capital11.0%
Debt/Equity0.83x
Gross Margin56.0%
Operating Margin51.7%
Revenue Growth194.8%
Dividend Yield7.9%
Free Cash Flow$857M

DNO ASA operates in the Oil & Gas E&P industry, part of the Energy sector (Norway).

Frequently Asked Questions

What is DNO ASA’s (DNO.OL) StockRank?
MoatMap’s StockRank for DNO ASA (DNO.OL) is 89/100, with a Strong Buy signal. It is a composite of Quality (64), Value (73), and Momentum (49) factor ranks across MoatMap’s universe of 24,000+ stocks.
Does DNO ASA have an economic moat?
DNO ASA (DNO.OL) has a Quality factor score of 64/100. The Quality factor combines ROIC, Piotroski F-Score, and leverage: the financial fingerprints of a durable competitive advantage. A Quality score above 70 typically indicates a company with the characteristics of a moated business.
Is DNO ASA a buy, hold, or sell?
MoatMap’s current signal for DNO ASA (DNO.OL) is Strong Buy, based on a StockRank of 89/100. Signals are derived mechanically from the StockRank composite and should be one input among many; combine with your own thesis on management, competitive position, and valuation.
What sector is DNO ASA in?
DNO ASA (DNO.OL) operates in the Energy sector, specifically the Oil & Gas E&P industry (Norway).