DNO.OL
DNO ASA
OsloNOKEQUITY
Energy
DELAYED
Last price
18.24
▼ 0.14 (0.76%)
MARKET · —
Price
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
18.35
Prev close
18.38
Day high
18.44
Day low
18.20
Volume
1.98M
Market cap
$17.82B
P/E (TTM)
24.37
52W range
12.44 – 21.96
Trailing performance
Returnvs SPY
1W
+0.33%
+1.7%
1M
+1.27%
-2.5%
3M
-4.29%
-7.4%
6M
+15.77%
+4.7%
YTD
+14.97%
+2.7%
1Y
+31.04%
+11.0%
3Y
+84.00%
+9.8%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on DNO.OL open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
195.24M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 19, 26 | Bank of Montreal |
BUY | 12.10M | $22.35M | Direct |
| Aug 19, 26 | Barclays Capital |
INCREASE | 8.49M | $15.69M | Direct |
| Aug 19, 26 | Lazard Asset Management, L.L.C. |
BUY | 12.12K | $294.59K | Direct |
| Aug 19, 26 | NR Holdings, Ltd. |
BUY | 336.65K | $631.89K | Direct |
| Aug 18, 26 | Bank of Montreal |
BUY | 19.93M | $37.38M | Direct |
| Aug 18, 26 | Barclays Capital |
INCREASE | 147.65K | $272.72K | Direct |
| Aug 17, 26 | Barclays Capital |
DECREASE | 160.45K | $297.47K | Direct |
| Aug 17, 26 | Deutsche Asset Management (UK) Limited |
BUY | 4.19K | $87.28K | Direct |
| Aug 17, 26 | Deutsche Asset Management (UK) Limited |
SELL | 9.95M | $18.60M | Direct |
| Aug 17, 26 | Lazard Asset Management, L.L.C. |
SELL | 3.64K | $6.75K | Direct |
| Aug 14, 26 | Barclays Capital |
INCREASE | 165.58K | $299.53K | Direct |
| Aug 14, 26 | Deutsche Asset Management (UK) Limited |
SELL | 2.98M | $61.61M | Direct |
| Aug 13, 26 | Barclays Capital |
DECREASE | 356.81K | $652.61K | Direct |
| Aug 13, 26 | Deutsche Asset Management (UK) Limited |
BUY | 2.98M | $61.65M | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Acadian Asset Management LLC |
— | 11.35M | Sold |
Arrowstreet Capital, Limited Partnership |
— | 13.27M | Sold |
Bank of Montreal |
— | 32.04M | Bought |
Barclays Capital |
— | 33.88M | Increase |
Deutsche Asset Management (UK) Limited |
— | 10.92M | Bought |
Dimensional Fund Advisors |
— | 17.41M | Bought |
Lazard Asset Management, L.L.C. |
— | 16.87M | Bought |
Ophorst Van Marwijk Kooy Vermogensbeheer NV |
— | 5.37M | Bought |
Stichting Hendriks Family office |
— | 1.25M | Holding |
Stichting Value Partners |
— | 42.33M | Holding |
Fundamentals
Market cap$17.82B
Enterprise value$18.41B
Revenue (TTM)$2.42B
Gross profit$1.35B
EBITDA$1.55B
Net income$76.70M
EPS (TTM)$0.75
Free cash flow$857.00M
Total cash$549.80M
Total debt$1.13B
Book value / share$9.29
Shares outstanding975.00M
Float735.97M
Short % of float—
Dividend yield8.21%
Beta (5Y)-0.16
Valuation & profitability ratios
Trailing P/E24.37
Forward P/E0.89
PEG ratio0.74
Price / sales—
Price / book1.97
EV / revenue7.62
EV / EBITDA11.85
Gross margin55.99%
Operating margin51.72%
Profit margin4.96%
Return on equity8.56%
Return on assets10.85%
Debt / equity83.19
Current ratio0.88
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $1.47B | $666.80M | $667.50M | $1.38B | +121.0% |
| Operating revenue | $1.47B | $666.80M | $667.50M | $1.38B | +121.0% |
| Cost of revenue | $875.30M | $406.90M | $364.90M | $460.90M | +115.1% |
| Gross profit | $598.70M | $259.90M | $302.70M | $916.10M | +130.4% |
| Selling, general & admin | -$47.90M | -$44.80M | -$46.30M | -$52.30M | -6.9% |
| Total operating expense | $166.40M | $114.00M | $77.30M | $119.30M | +46.0% |
| Operating income | $432.30M | $145.90M | $225.40M | $796.80M | +196.3% |
| Net interest income | -$102.20M | -$40.00M | -$31.00M | -$78.30M | -155.5% |
| Pre-tax income | $397.40M | -$13.30M | $151.30M | $346.50M | +3,088.0% |
| Tax provision | $422.60M | $13.80M | $132.70M | -$38.40M | +2,962.3% |
| Net income | -$25.20M | -$27.10M | $18.60M | $384.90M | +7.0% |
| Net income to common | -$46.70M | -$27.10M | $18.60M | $384.90M | -72.3% |
| Basic EPS | -0.05 | -0.03 | 0.02 | 0.39 | -66.7% |
| Diluted EPS | -0.05 | -0.03 | 0.02 | 0.39 | -66.7% |
| EBIT | $523.60M | $58.50M | $213.30M | $419.50M | +795.0% |
| EBITDA | $927.00M | $242.60M | $359.70M | $636.20M | +282.1% |
| Basic shares | 975.00M | 975.00M | 980.04M | 986.97M | 0.0% |
| Diluted shares | 975.00M | 975.00M | 980.04M | 986.97M | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $436.10M | $881.50M | $704.50M | $931.80M | -50.5% |
| Cash & short-term investments | $436.10M | $881.50M | $704.50M | $931.80M | -50.5% |
| Accounts receivable | $187.10M | $192.10M | $161.60M | $325.80M | -2.6% |
| Inventory | $105.70M | $74.80M | $77.80M | $47.00M | +41.3% |
| Total current assets | $1.14B | $1.34B | $1.06B | $1.46B | -14.9% |
| Property, plant & equipment | $3.31B | $1.32B | $1.31B | $1.18B | +150.7% |
| Goodwill & intangibles | $1.38B | $120.60M | $64.10M | $78.50M | +1,043.4% |
| Total assets | $6.00B | $2.97B | $2.64B | $2.80B | +102.2% |
| Total current liabilities | $1.23B | $353.90M | $415.30M | $445.30M | +247.6% |
| Current debt | $339.40M | $0 | $166.20M | $8.40M | — |
| Long-term debt | $989.10M | $790.50M | $392.00M | $546.50M | +25.1% |
| Total debt | $1.37B | $803.30M | $575.80M | $568.20M | +70.0% |
| Total liabilities | $4.67B | $1.89B | $1.40B | $1.43B | +147.6% |
| Retained earnings | $594.50M | $769.30M | $898.30M | $1.02B | -22.7% |
| Shareholder equity | $1.33B | $1.08B | $1.23B | $1.37B | +23.0% |
| Working capital | -$90.00M | $985.60M | $646.70M | $1.02B | -109.1% |
| Net tangible assets | -$50.40M | $959.40M | $1.17B | $1.29B | -105.3% |
| Shares issued | 975.00M | 975.00M | 975.00M | 1.05B | 0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $397.40M | -$13.30M | $151.30M | $346.50M | — | +3,088.0% |
| Depreciation & amortisation | $403.40M | $184.10M | $146.40M | $216.70M | — | +119.1% |
| Change in working capital | $45.40M | $64.20M | -$84.80M | $66.10M | — | -29.3% |
| Operating cash flow | $590.60M | $413.00M | $194.20M | $1.06B | — | +43.0% |
| Capital expenditure | -$618.00M | -$371.80M | -$283.30M | -$374.80M | — | -66.2% |
| Investing cash flow | -$830.60M | -$354.20M | -$281.00M | -$415.00M | — | -134.5% |
| Share buybacks | — | $0 | -$50.70M | -$11.70M | $0 | — |
| Dividends paid | -$151.20M | -$102.50M | -$92.00M | -$72.80M | — | -47.5% |
| Financing cash flow | -$202.20M | $123.20M | -$147.00M | -$419.10M | — | -264.1% |
| Free cash flow | -$27.40M | $41.20M | -$89.10M | $681.50M | — | -166.5% |
| End cash position | $453.70M | $899.00M | $718.80M | $954.30M | — | -49.5% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $627.30M | $481.60M | $258.00M | $187.60M | $176.70M | +30.3% |
| Operating revenue | $627.30M | $481.60M | $258.00M | $187.60M | $176.70M | +30.3% |
| Cost of revenue | $300.40M | $296.00M | $154.20M | $121.10M | $118.60M | +1.5% |
| Gross profit | $326.80M | $185.60M | $103.70M | $66.50M | $58.10M | +76.1% |
| Selling, general & admin | $35.20M | $14.40M | $5.70M | $11.10M | $5.50M | +144.4% |
| Total operating expense | $46.80M | $87.40M | $19.40M | $42.10M | $35.20M | -46.5% |
| Operating income | $280.00M | $98.20M | $84.30M | $24.40M | $22.90M | +185.1% |
| Net interest income | -$23.30M | -$8.70M | -$40.50M | -$15.90M | -$8.40M | -167.8% |
| Pre-tax income | $256.60M | $163.60M | $47.90M | $15.70M | -$92.70M | +56.8% |
| Tax provision | $205.90M | $197.70M | $55.30M | $19.30M | $5.70M | +4.1% |
| Net income | $50.60M | -$34.10M | -$7.30M | -$3.60M | -$98.40M | +248.4% |
| Net income to common | $39.90M | -$44.80M | -$7.30M | -$3.60M | -$98.40M | +189.1% |
| Basic EPS | 0.04 | -0.05 | -0.01 | 0.00 | -0.10 | +180.0% |
| Diluted EPS | 0.04 | -0.05 | -0.01 | 0.00 | -0.10 | +180.0% |
| EBIT | $282.00M | $174.90M | $86.90M | $40.00M | -$73.90M | +61.2% |
| EBITDA | $428.10M | $323.50M | $162.40M | $91.10M | -$25.00M | +32.3% |
| Basic shares | 975.00M | 975.00M | 975.00M | 975.00M | 975.00M | 0.0% |
| Diluted shares | 975.00M | 975.00M | 975.00M | 975.00M | 975.00M | 0.0% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $531.40M | $436.10M | $788.10M | $1.47B | $881.50M | +21.9% |
| Cash & short-term investments | $531.40M | $436.10M | $788.10M | $1.47B | $881.50M | +21.9% |
| Accounts receivable | $220.50M | $187.10M | $235.20M | $193.60M | $192.10M | +17.9% |
| Inventory | $105.40M | $105.70M | $106.30M | $72.50M | $74.80M | -0.3% |
| Total current assets | $1.33B | $1.14B | $1.61B | $1.94B | $1.34B | +16.9% |
| Property, plant & equipment | $3.01B | $3.31B | $2.75B | $1.17B | $1.32B | -9.0% |
| Goodwill & intangibles | $1.67B | $1.38B | $1.73B | $376.30M | $120.60M | +20.9% |
| Total assets | $6.21B | $6.00B | $6.26B | $3.71B | $2.97B | +3.6% |
| Total current liabilities | $1.45B | $1.23B | $1.68B | $731.60M | $353.90M | +18.0% |
| Current debt | $321.30M | $339.40M | $644.20M | $346.90M | $0 | -5.3% |
| Long-term debt | $989.80M | $989.10M | $987.70M | $1.07B | $790.50M | +0.1% |
| Total debt | $1.36B | $1.37B | $1.67B | $1.43B | $803.30M | -0.6% |
| Total liabilities | $4.89B | $4.67B | $4.83B | $2.64B | $1.89B | +4.6% |
| Retained earnings | $550.70M | $594.50M | $701.70M | $738.50M | $769.30M | -7.4% |
| Shareholder equity | $1.33B | $1.33B | $1.43B | $1.07B | $1.08B | -0.1% |
| Working capital | -$119.20M | -$90.00M | -$61.50M | $1.21B | $985.60M | -32.4% |
| Net tangible assets | -$340.20M | -$50.40M | -$291.30M | $690.70M | $959.40M | -575.0% |
| Shares issued | 975.00M | 975.00M | 975.00M | 975.00M | 975.00M | 0.0% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $256.60M | $163.60M | $47.90M | $15.70M | -$92.70M | +56.8% |
| Depreciation & amortisation | $146.10M | $148.60M | $75.50M | $51.10M | $48.90M | -1.7% |
| Change in working capital | -$88.70M | -$11.30M | -$24.20M | $5.00M | -$8.30M | -685.0% |
| Operating cash flow | $298.30M | $148.10M | $2.10M | $90.10M | $79.00M | +101.4% |
| Capital expenditure | -$107.20M | -$173.50M | -$114.50M | -$113.20M | -$96.80M | +38.2% |
| Investing cash flow | -$152.50M | -$179.80M | -$293.80M | -$109.30M | -$84.50M | +15.2% |
| Share buybacks | — | — | — | — | $0 | — |
| Dividends paid | -$49.30M | -$46.60M | -$30.20M | -$27.40M | -$27.40M | -5.8% |
| Financing cash flow | -$67.60M | -$46.20M | -$391.60M | $594.20M | -$13.10M | -46.3% |
| Free cash flow | $191.10M | -$25.40M | -$112.40M | -$23.10M | -$17.80M | +852.4% |
| End cash position | $531.40M | $453.70M | $788.10M | $1.47B | $899.00M | +17.1% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 1.11 | 0.65 | -41.1% |
| Mar 2026 | 0.53 | 0.48 | -8.9% |
| Dec 2025 | 0.39 | -1.05 | -368.2% |
| Sep 2025 | 0.12 | 0.10 | -16.4% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.47 | 1 | $6.07B | +8.6% |
| Next quarter | 0.38 | 1 | $6.11B | +30.7% |
| Current year | 14.25 | 3 | $25.91B | +81.1% |
| Next year | 20.61 | 3 | $25.83B | -0.3% |
Analyst targets & ownership
Mean target$22.25
High target$25.00
Low target$19.00
Implied upside21.98%
Analyst count4
ConsensusBUY
Strong buy / Buy1 / 2
Hold1
Sell / Strong sell0 / 0
Held by insiders20.03%
Held by institutions40.63%
Institutions holding84
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
18.02
+1.24% from price
SMA 20
17.43
+4.87% from price
SMA 50
17.13
+6.69% from price
SMA 100
18.18
+0.34% from price
SMA 200
17.01
+7.48% from price
EMA 12
17.95
+1.59% from price
EMA 26
17.60
+3.65% from price
EMA 50
17.54
+3.97% from price
RSI (14)
61.2
Neutral
MACD (12,26,9)
0.36
Hist 0.16
ATR (14)
0.47
2.56% of price
Realised vol 30D
27.4%
Annualised
Bollinger upper
18.83
20, 2σ
Bollinger lower
16.03
20, 2σ
50 / 200 cross
Golden
17.13 vs 17.01
Trend bias
Above 200
+7.48%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.30
Less volatile than market
Correlation to SPY
-0.10
Largely independent
Realised vol 30D
27.4%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-26.6%
Peak to trough
Max drawdown 5Y
-50.7%
Peak to trough
ATR 14
0.47
2.56% of price
Beta (reported)
-0.16
5Y monthly, from filing
Dividends & splits
Forward rate$1.50 / yr
Forward yield8.21%
5-year avg yield—
Payout ratio192.76%
Ex-dividend dateAug 21, 2026
Next pay date—
Last split4:1
Split dateJun 16, 2006
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PRIVATE STRATEGY · BY QUALIFICATION
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