DNO ASA

(DNO)
  Report
Real-time Oslo Bors  -  10:26 2022-08-09 am EDT
15.66 NOK   +16.52%
08/04DNO ASA : No turn-around in sight
MS
07/25DNO ASA : DNO03 Bond Buyback
GL
07/25Dno Asa Has Completes Buybacks in the Dno03 Bond Totaling Usd 25.2 Million
CI
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DNO ASA : No turn-around in sight

08/04/2022 | 02:30am EDT
long trade
Live
Entry price : 13.47NOK | Target : 17.2NOK | Stop-loss : 12.4NOK | Potential : 27.69%
Shares in DNO ASA do not show any sign of a slowdown in the ascending dynamic. Investors could bet on a continuation of the underlying trend.
Investors have an opportunity to buy the stock and target the NOK 17.2.
DNO ASA : DNO ASA : No turn-around in sight
Summary
  • The company has strong fundamentals. More than 70% of companies have a lower mix of growth, profitability, debt and visibility.
  • The company presents an interesting fundamental situation from a short-term investment perspective.
  • According to Refinitiv, the company's ESG score for its industry is poor.

Strengths
  • Before interest, taxes, depreciation and amortization, the company's margins are particularly high.
  • Margins returned by the company are among the highest on the stock exchange list. Its core activity clears big profits.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • Its low valuation, with P/E ratio at 3.45 and 4.81 for the ongoing fiscal year and 2023 respectively, makes the stock pretty attractive with regard to earnings multiples.
  • The company has attractive valuation levels with a low EV/sales ratio compared with its peers.
  • The company appears to be poorly valued given its net asset value.
  • The company is one of the best yield companies with high dividend expectations.
  • Over the last twelve months, the sales forecast has been frequently revised upwards.
  • For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
  • For the last few months, EPS revisions have remained quite promising. Analysts now anticipate higher profitability levels than before.

Weaknesses
  • The overall consensus opinion of analysts has deteriorated sharply over the past four months.
  • Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
  • The price targets of various analysts who make up the consensus differ significantly. This reflects different assessments and/or a difficulty in valuing the company.
Ratings chart
Subsector Other Oil & Gas Exploration and Production
1st jan.Capitalization (M$)Investor Rating
DNO ASA28.55%1 572
CONOCOPHILLIPS32.32%119 194
EOG RESOURCES, INC.21.85%62 818
CANADIAN NATURAL RESOURCES ..26.17%58 892
CNOOC LIMITED19.93%58 440
OCCIDENTAL PETROLEUM CORPOR..107.11%55 775
PIONEER NATURAL RESOURCES C..19.96%51 824
-
WOODSIDE ENERGY GROUP LTD44.78%42 199
DEVON ENERGY CORPORATION34.03%37 664
HESS CORPORATION43.97%32 029
CONTINENTAL RESOURCES, INC.47.74%23 648
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Financials
Sales 2022 12 893 M 1 327 M 1 327 M
Net income 2022 6 486 M 668 M 668 M
Net cash 2022 4 025 M 414 M 414 M
P/E ratio 2022 4,00x
Yield 2022 3,09%
Capitalization 15 275 M 1 572 M 1 572 M
EV / Sales 2022 0,87x
EV / Sales 2023 0,58x
Nbr of Employees 1 327
Free-Float 54,3%
Upcoming event on DNO ASA
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Last Close Price 15,66 NOK
Average target price 17,63 NOK
Spread / Average Target 12,5%
EPS Revisions
Managers and Directors
Bjorn Kenneth Dale Managing Director & Director
Haakon Sandborg Chief Financial Officer
Bijan Mossavar-Rahmani Executive Chairman
Christopher Thomas Hyde Spencer Chief Operating Officer
Gunnar Hirsti Director