DNO ASA (DTNOF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
DNO ASA (DTNOF) trades at $1.66 with AI Score 49/100 (Grade C). DNO ASA is a Norwegian oil and gas exploration and production company focused on the Middle East and North Sea. Market cap: $1.61B, Sector: Energy.
Price live · AI analysis from Jun 14, 2026Analyst Coverage for DTNOF: DTNOF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates DTNOF against Energy peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
DTNOF: the 1 perspectives are evenly split.
How is this calculated? →DNO ASA (DTNOF) Energy Operations & Outlook
DNO ASA stands as a prominent player in the oil and gas exploration sector, leveraging its substantial reserves and strategic projects in the Middle East and North Sea to drive growth and operational efficiency.
What Is the Investment Thesis for DTNOF?
DNO ASA presents a compelling investment thesis driven by its substantial reserve base and operational focus in lucrative regions. With a market capitalization of $1.61B and a profit margin of 1.0%, the company is strategically positioned to leverage its proven reserves of 196.1 MMboe. The ongoing development of the Tawke field, coupled with a gross margin of 43.1%, highlights the potential for revenue growth. The company's dividend yield of 8.02% also reflects its commitment to returning value to shareholders. However, investors should be mindful of the risks associated with commodity price fluctuations and geopolitical factors in its operational regions. Overall, DNO ASA's strong financial metrics and operational strategy provide a solid foundation for future growth.
Based on FMP financials and quantitative analysis
DTNOF Key Highlights
- Market capitalization of $1.61B, indicating a strong market presence.
- P/E ratio of 106.59, reflecting investor expectations for future growth.
- Profit margin of 1.0%, demonstrating the company's ability to generate profit.
- Gross margin of 43.1%, exceeding industry averages and indicating operational efficiency.
- Dividend yield of 8.02%, showcasing a commitment to returning capital to shareholders.
Who Are DTNOF's Competitors?
DTNOF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| TGA TransGlobe Energy Corporation | $3.72 | +0.00% | 55 | |
| GTE Gran Tierra Energy Inc. | $5.97 | +1.02% | $211.10M | 41 |
| CVE Cenovus Energy Inc. | $24.36 | -1.18% | 46B | 49 |
| EXE Expand Energy Corporation | $89.09 | -1.80% | $21.31B | 72 |
| VIST Vista Energy, S.A.B. de C.V. | $61.57 | +2.00% | $6.42B | 68 |
| ATUUF Tenaz Energy Corp. | $31.44 | -2.60% | $1.03B | 68 |
| CNX CNX Resources Corporation | $33.22 | -1.83% | $4.70B | 67 |
| NZEOF Echelon Resources Limited | $0.21 | +5.00% | $47.03M | 58 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are DTNOF's Key Strengths?
- Robust reserve base with significant proven and probable reserves.
- Strong operational presence in the Middle East and North Sea.
- Experienced management team with industry expertise.
What Are DTNOF's Weaknesses?
- High sensitivity to fluctuations in oil prices.
- Limited diversification in geographical operations.
- Potential regulatory challenges in operating regions.
What Could Drive DTNOF Stock Higher?
- Expansion of production capacity at the Tawke field expected to increase output by 20% over the next 2 years.
- Strategic partnerships with local governments enhancing operational stability.
- Continuous investment in technology to improve extraction efficiency and reduce costs.
What Are the Key Risks for DTNOF?
- Financial-distress signal — its Altman Z-Score of 0.99 sits in the distress zone (elevated bankruptcy risk).
- Fluctuations in global oil prices impacting revenue.
- Geopolitical instability in the Middle East affecting operations.
- Regulatory changes that may impose additional costs or operational constraints.
What Are the Growth Opportunities for DTNOF?
- Expansion in the Kurdistan region: DNO ASA's flagship Tawke field in Iraq represents a significant growth opportunity, with ongoing development aimed at increasing production capacity. The Kurdistan region has been identified as a high-potential area for oil extraction, with estimates suggesting substantial reserves yet to be tapped. This expansion is expected to enhance DNO's production levels and revenue generation over the next 3-5 years.
- Investment in technology: The adoption of advanced extraction technologies can improve operational efficiency and reduce costs for DNO ASA. By investing in innovative drilling and production techniques, the company can enhance its recovery rates and lower the environmental impact of its operations. This technological advancement is crucial in maintaining competitiveness in the evolving energy landscape.
- Diversification of asset portfolio: DNO ASA has the potential to diversify its asset base by exploring new opportunities in other regions, including the North Sea. By expanding its geographic footprint, the company can mitigate risks associated with political instability in the Middle East and tap into different markets for oil and gas production. This strategy could lead to increased resilience and revenue stability over the long term.
- Strategic partnerships: Forming strategic alliances with other energy companies can facilitate knowledge sharing and resource pooling, enhancing DNO ASA's operational capabilities. Collaborations can lead to joint ventures that leverage each partner's strengths, allowing for more efficient exploration and production processes. Such partnerships can also provide access to new technologies and markets, driving growth.
- Sustainable practices: As the energy sector shifts towards sustainability, DNO ASA has the opportunity to lead in implementing environmentally friendly practices. By investing in renewable energy initiatives and reducing carbon emissions, the company can align itself with global sustainability goals, potentially attracting environmentally conscious investors and customers.
What Opportunities Does DTNOF Have?
- Expansion of operations in the Kurdistan region.
- Investment in new technologies for improved efficiency.
- Potential for strategic partnerships to enhance growth.
What Threats Does DTNOF Face?
- Geopolitical risks associated with operations in the Middle East.
- Increasing competition from other oil and gas companies.
- Regulatory changes impacting the oil and gas industry.
What Are DTNOF's Competitive Advantages?
- Significant proven reserves providing a competitive edge.
- Established operational presence in strategic regions.
- Strong relationships with local governments and stakeholders.
What Does DTNOF Do?
Founded in 1971 and headquartered in Oslo, Norway, DNO ASA has established itself as a significant entity in the oil and gas exploration and production industry. The company primarily focuses on developing oil and gas assets in the Middle East and the North Sea, with its flagship project being the Tawke field located in the Kurdistan region of Iraq. Over the years, DNO has expanded its operations and reserves, showcasing a commitment to exploration and sustainable production. As of December 31, 2021, DNO reported proven reserves of 196.1 million barrels of oil equivalent (MMboe), with proven and probable reserves totaling 321.4 MMboe, and a comprehensive reserve base of 420.6 MMboe when including possible reserves. This robust reserve portfolio underscores DNO's strategic positioning within the sector. The company employs approximately 987 individuals, all dedicated to advancing its exploration and production capabilities while adhering to industry standards and regulations. DNO ASA's operational strategy emphasizes maximizing value from its assets while navigating the complexities of the oil and gas market, making it a key player in the energy sector.
What Products and Services Does DTNOF Offer?
- Engage in the exploration and production of oil and gas assets.
- Operate the Tawke field in the Kurdistan region of Iraq.
- Develop oil and gas projects in the North Sea.
- Manage a portfolio of proven and probable reserves.
- Focus on maximizing operational efficiency and profitability.
- Adhere to industry regulations and environmental standards.
How Does DTNOF Make Money?
- Generate revenue through the sale of crude oil and natural gas.
- Leverage proven reserves to attract investment and funding.
- Implement cost-effective extraction techniques to enhance profit margins.
- Utilize strategic partnerships to expand market reach and operational capabilities.
What Industry Does DTNOF Operate In?
DNO ASA operates within the oil and gas exploration and production industry, which is characterized by fluctuating commodity prices and increasing demand for energy resources. The global oil market is projected to grow, driven by recovering economies and rising energy needs. Competitively, DNO faces challenges from both established players and emerging companies in the sector, necessitating a focus on operational efficiency and strategic asset management. As the industry evolves, companies like DNO that can effectively navigate market dynamics will be well-positioned for growth.
Who Are DTNOF's Key Customers?
- Refineries and petrochemical companies requiring crude oil.
- Energy companies seeking natural gas supplies.
- International markets looking for oil and gas exports.
F-Score 7/9Financial Health
DNO ASA's Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.99 places it in the distress zone, a signal of elevated financial risk.
ROE 1%Key Financial Metrics
Return on equity for DNO ASA stands at 1.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 0.3%, showing how much profit it generates from its asset base. DTNOF trades at a trailing price-to-earnings ratio of 86.93, above the Energy sector average of ~17x. Its free cash flow yield is 12.7%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.92 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 1.2%, the inverse of the P/E and a quick read on earnings relative to price.
DNO ASA (DTNOF) Valuation Context
Valued at $1.61B, DTNOF is classified as a small-cap stock. Relative to its peer group, DTNOF's quantitative score of 49/100 is roughly in line with the peer average of 57/100.
FY2026 estForward Outlook
Wall Street analysts project DNO ASA revenue of about $2.94B for fiscal 2026, with EPS near $0.40.
DTNOF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2025
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in DNO ASA's future prospects, reflecting a positive outlook among executives.
- Community sentiment has shifted favorably, with discussions highlighting the company's strategic positioning in the oil and gas sector.
- Market perception has improved due to rising oil prices, benefiting companies like DNO ASA that are involved in exploration and production.
- Positive developments in operational efficiency have been noted, indicating potential for increased profitability moving forward.
Bear Case
- Concerns about geopolitical risks in the regions where DNO ASA operates could dampen investor sentiment and impact operations.
- Recent bearish discussions in the community highlight worries about regulatory changes that could affect the oil and gas industry.
- Some analysts express caution over the volatility of oil prices, which may lead to uncertainty in revenue projections for DNO ASA.
- Insider selling activity in the past has raised red flags for some investors, suggesting potential lack of confidence among certain stakeholders.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
DTNOF Latest News
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DNO Shares Traded Ex-Dividend
Yahoo! Finance: DTNOF News · May 15, 2026
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Assessing DNO (OB:DNO) Valuation After Strong Q1, Kurdistan Restart And North Sea Progress
Yahoo! Finance: DTNOF News · May 9, 2026
DTNOF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for DTNOF.
Price Targets
Wall Street price target analysis for DTNOF.
DTNOF MoonshotScore
What does this score mean?
The MoonshotScore rates DTNOF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Bijan Mossavar-Rahmani
CEO
Bijan Mossavar-Rahmani has extensive experience in the oil and gas industry, having held various leadership positions throughout his career. He graduated with a degree in Petroleum Engineering and has worked in multiple countries, gaining a broad understanding of global energy markets. His leadership style emphasizes operational excellence and strategic growth.
Track Record: Under Bijan's leadership, DNO ASA has successfully expanded its operations in the Kurdistan region and significantly increased its proven reserves. He has been instrumental in navigating the company through challenging market conditions while maintaining a focus on profitability and shareholder value.
DTNOF OTC Market Information
The OTC Other tier includes companies that do not meet the requirements for the higher tiers of the OTC market, such as OTCQX or OTCQB. This tier may have less stringent reporting requirements, which can impact the availability of timely financial information.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited regulatory oversight compared to major exchanges.
- Potential for lower trading volumes leading to liquidity issues.
- Higher volatility due to less institutional investor participation.
- Review the company's financial statements and annual reports.
- Assess the operational performance and reserve estimates.
- Evaluate management's track record and strategic vision.
- Monitor market conditions and commodity price trends.
- Investigate geopolitical risks in operational regions.
- Established history since 1971 in the oil and gas sector.
- Publicly available financial disclosures and reports.
- Recognition and partnerships with reputable industry players.
What Investors Ask About DNO ASA (DTNOF) — Energy
What does DNO ASA do?
DNO ASA is engaged in the exploration, development, and production of oil and gas assets, primarily focusing on the Middle East and the North Sea. The company operates significant projects like the Tawke field in Iraq, managing a robust portfolio of proven reserves, which positions it strategically within the energy sector.
How does DNO ASA's reserve base compare to peers?
DNO ASA's proven reserves stand at 196.1 million barrels of oil equivalent, with proven and probable reserves totaling 321.4 million barrels. This positions the company competitively against peers in the oil and gas exploration sector, as it continues to explore and develop its asset base.
What are the main risks for DTNOF?
DNO ASA faces several risks, including exposure to volatile oil prices that can significantly impact revenue and profit margins. Additionally, geopolitical risks in the Middle East, where it operates key assets, can disrupt operations. Regulatory changes may also impose new compliance requirements, potentially increasing operational costs.
What are the key factors to evaluate for DTNOF?
DNO ASA (DTNOF) holds an AI score of 49/100 (low). Not financial advice.
How frequently does DTNOF data refresh on this page?
DTNOF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven DTNOF's recent stock price performance?
DNO ASA (DTNOF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Robust reserve base with significant proven and probable reserves. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider DTNOF overvalued or undervalued right now?
Valuing DNO ASA (DTNOF) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying DTNOF?
Before investing in DNO ASA (DTNOF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Data is based on the latest available financial reports and industry analysis.