Risk factor
Good trading liquidity
Profitability factor
Undervalued vs peers
About
DNO ASA operates as an upstream oil and gas company, primarily focused on the discovery, development, and production of hydrocarbon resources across its assets in the Middle East and the North Sea. A cornerstone of its operations is the Tawke field, located within Iraq's Kurdistan region. As of December 31, 2021, the company's proven reserves stood at 196.1 million barrels of oil equivalent (MMboe). Including probable reserves, this figure increased to 321.4 MMboe, with total proven, probable, and possible reserves reaching 420.6 MMboe. Established in 1971, DNO ASA maintains its corporate headquarters in Oslo, Norway.
Company Valuation
Considering past and projected metrics, the stock is 'cheaper' than its peers. Specifically, the stock is fairly valued on P/E, undervalued on EV/EBITDA, underpriced on P
Target Price
The average target price of DNO.OL is 22.2 and suggests 21.2% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to in