DNO stock
DNO.OLOSLDNO ASA, EnergyISIN NO0003921009
74Score 74 out of 100, Strong
Price and trend
73 / 100
Price history
+37% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 13% above it.
Since February 2025 the 50-day line has been above the 200-day line; the trend has turned up.
Normal: the price is neither overheated nor sold off (RSI 33).
The price is 15% below its 52-week high. Largest decline in 20 years: 89% (January 2014 to March 2020).
Chart figures for advanced users
- SMA 50$2.16
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$1.94
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)33
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$1.50
- The lowest closing price of the last twelve months.
- Resistance$2.56
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- DNO ASA belongs to the Oil & Gas Exploration & Production industry (Norway) and, with a market value of $2.14B, is number 41 of 69 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $1.52B (up 127.5% year on year) and a loss of $25.2M.
- MEQIRI Score 74 out of 100 (Strong): rank 29 of 266 in Energy, median 60.
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- The P/E is 13.8 (Oil & Gas Exploration & Production median 11.1, own median of recent years 5).
- Our model puts fair value at $5.03, with the price 56% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Earnings turn into cashFree cash flow 418% of earnings over the last 12 months.Fundamentals 74
- High dividend yieldDividend yield 7.18%, Oil & Gas Exploration & Production median 3.63%.Capital allocation 85
- Below fair valuePrice 56% below the fair value of $5.03.Valuation 83
Weaknesses
None of our weakness checks flags anything. Crash risk is measured separately.
Its standout strengths are capital allocation and growth.
Daily figure as of 13 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 75 to 74.
Fundamentals are strong, with strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among smaller stocks.
From 2016 to 2025, 36 in 100 such stocks fell 30% or more within a year, against a group average of 23 in 100.
What drives the risk
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
- high price swings
- high growth grade (crashed more often in the backtest)
Valuation
Valuation signal
Significantly undervaluedIn our model the price counts as cheap below $3.59 and expensive above $8.39 (uncertainty high, one part of the fair value is more than twice the other).
The two parts of the fair value come to $8.31 (cash-flow model) and $1.76 (industry comparison), and the gap between them shows how uncertain the estimate is.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $4.39, at 7.8% it would be $6.00.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (11.1).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 143% on the twelve months before. Revenue has grown solidly since 2006, at about 11% per year.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 28%, operating 34%, net −2%. Last 12 months: net 7%.
Debt & balance sheet
latest quarterModerate debt, and interest is adequately covered.
Earnings
- Next earnings
- 11 Feb 2027in 90 days
- Last reported
- 29 Oct 2026EPS reported 0.92 (expected 1.09)below expectations
Analyst estimates
- Earnings per share
- 0.35+6.1%
- Revenue
- $2.99B+3.2%
- Earnings per share
- 0.4+2.2%
- Revenue
- $2.77B−0.9%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: +1.4%DNO raised its full-year production guidance to 86,000 barrels of oil equivalent per day, higher than expected at the start of the year.
“We're now pretty much through the, what they call, summer maintenance season and guiding 86,000 barrels of oil equivalent for the full year.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 29 Oct 2026 (fiscal Q3 2026), read by AI.
What happened at DNO
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
266 rated companies in Energy
- This company
- 74
- Sector median
- 60
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Oil & Gas Exploration & Production
The next larger and next smaller companies by market value
- Black Stone MineralsBSM $2.99B75
- Gulfport EnergyGPOR $2.84B64
- Talos EnergyTALO $2.65B48
- Northern Oil and GasNOG $2.62B46
- BKVBKV $2.08B44
- NextdecadeNEXT $1.75B28
- Vermilion EnergyVET $1.65B47
- Etablissements Maurel & PromMAU.PA $1.59B58
ETFs that hold DNO
Held by 14 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| Global X Superdividend UCITS ETF USDUDIV | 1.47% | 0.45% | €848.49M |
| WisdomTree Europe SmallCap Dividend UCITS ETF AccWTD7 | 0.99% | 0.38% | €86.74M |
| iShares Oil & Gas Exploration & Production UCITS ETF USD (Acc)IS0D | 0.26% | 0.55% | €382.18M |
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| WisdomTree Europe Equity Income UCITS ETFWTEE | 0.21% | 0.29% | €241.09M |
| Xtrackers MSCI Europe Small Cap UCITS ETF 1CXXSC | 0.06% | 0.30% | €3.45B |
| State Street SPDR MSCI Europe Small Cap Value Weighted UCITS ETF EUR AccZPRX | 0.04% | 0.30% | €813.64M |
| iShares MSCI World Small Cap CTB Enhanced ESG UCITS ETFCBUG | 0.02% | 0.10% | €395.74M |
| iShares MSCI World Small Cap UCITS ETFIUSN | 0.02% | 0.35% | €8.27B |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 12 Nov 2026 ($1 = NOK 9.5325)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 18 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.