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Equinor ASA (EQNR) Stock Price, News & Analysis

$27.03
+0.13 (+0.48%)
(As of 05:21 PM ET)
Today's Range
$26.92
$27.15
50-Day Range
$24.62
$29.48
52-Week Range
$24.44
$34.73
Volume
1.76 million shs
Average Volume
3.62 million shs
Market Capitalization
$84.39 billion
P/E Ratio
6.91
Dividend Yield
3.63%
Price Target
$28.25

Equinor ASA MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.80 Rating Score
Upside/​Downside
4.5% Upside
$28.25 Price Target
Short Interest
Healthy
0.38% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
N/A
News Sentiment
0.56mentions of Equinor ASA in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-3.37%
From $3.26 to $3.15 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.37 out of 5 stars

Oils/Energy Sector

199th out of 237 stocks

Petroleum Refining Industry

12th out of 16 stocks

EQNR stock logo

About Equinor ASA Stock (NYSE:EQNR)

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments. The company also transports, processes, manufactures, markets, and trades in oil and gas commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; markets and trades in power and emissions; operates refineries, terminals and processing, and power plants; and develops low carbon solutions for oil and gas. In addition, it develops carbon capture and storage projects; provides transportation solutions, including pipelines, shipping, trucking, and rail; and develops and explores for renewable energy, such as offshore wind, green hydrogen, and solar power. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.

EQNR Stock Price History

EQNR Stock News Headlines

Equinor ASA: Share buy-back
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Equinor presents 2023 Integrated annual report
Equinor ASA: Election to Equinor's board of directors
Election to Equinor's board of directors
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Equinor ASA: Share buy-back
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Recommendation from Equinor's nomination committee
Equinor ASA: Share buy-back
Equinor ASA: Share buy-back
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Company Calendar

Last Earnings
2/07/2024
Ex-Dividend for 2/27 Dividend
2/14/2024
Dividend Payable
2/27/2024
Today
3/28/2024
Next Earnings (Estimated)
5/02/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
N/A
Employees
21,936
Year Founded
1972

Price Target and Rating

Average Stock Price Target
$28.25
High Stock Price Target
$28.50
Low Stock Price Target
$28.00
Potential Upside/Downside
+4.5%
Consensus Rating
Reduce
Rating Score (0-4)
1.80
Research Coverage
10 Analysts

Profitability

Net Income
$11.89 billion
Pretax Margin
35.35%

Debt

Sales & Book Value

Annual Sales
$107.17 billion
Cash Flow
$6.83 per share
Book Value
$15.53 per share

Miscellaneous

Outstanding Shares
3,121,940,000
Free Float
3,121,630,000
Market Cap
$84.39 billion
Optionable
Optionable
Beta
0.84

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Key Executives

  • Mr. Anders OpedalMr. Anders Opedal (Age 56)
    President & CEO
    Comp: $1.74M
  • Mr. Torgrim Reitan (Age 55)
    Executive VP & CFO
    Comp: $210k
  • Ms. Hege Skryseth (Age 57)
    Executive Vice President of Technology, Digital & Innovation
    Comp: $387k
  • Ms. Siv Helen Rygh Torstensen (Age 54)
    Executive Vice President of Legal & Compliance (LEG)
    Comp: $602k
  • Mr. Jannik Lindbaek Jr. (Age 59)
    Executive Vice President for Communication
    Comp: $469k
  • Ms. Irene Rummelhoff (Age 57)
    Executive Vice President of Marketing, Midstream & Processing
    Comp: $825k
  • Mr. Aksel Stenerud (Age 61)
    Executive Vice President for the People & Organization
    Comp: $502k
  • Mr. Kjetil Hove (Age 59)
    Executive Vice President of Exploration & Production Norway
    Comp: $913k
  • Mr. Pal Eitrheim (Age 53)
    Executive Vice President of Renewables (REN)
    Comp: $687k
  • Ms. Jannicke Nilsson (Age 59)
    Executive Vice President of Safety, Security & Sustainability (SSU)
    Comp: $734k

Should I Buy Equinor ASA Stock? EQNR Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Equinor ASA was last updated on Wednesday, March 27, 2024 at 11:35 PM.

Pros

Here are some ways that investors could benefit from investing in Equinor ASA:

  • Equinor ASA has a market cap of $83.12 billion, indicating a strong presence in the market.
  • The company operates in various segments including renewables, which shows a commitment to sustainable energy solutions.
  • Equinor ASA has a diversified portfolio in exploration, production, transportation, refining, and marketing of petroleum and other energy forms, reducing risk exposure.
  • Despite recent fluctuations, Equinor ASA's stock price has shown resilience, making it potentially attractive at current levels.
  • The company's focus on low carbon solutions and renewable energy projects positions it well for future growth in the evolving energy landscape.

Cons

Investors should be bearish about investing in Equinor ASA for these reasons:

  • Equinor ASA reported an EPS of $0.64 for the last quarter, missing analysts' consensus estimates, indicating potential volatility in earnings.
  • The company's stock has experienced a decline from its twelve month high, suggesting possible short-term challenges.
  • Equinor ASA's debt-to-equity ratio of 0.51 may raise concerns about its financial leverage and risk management.
  • Analysts anticipate a lower EPS of 3.26 for the current fiscal year, signaling potential earnings pressure.
  • The company's recent performance may be impacted by market conditions and regulatory changes affecting the energy sector.

EQNR Stock Analysis - Frequently Asked Questions

Should I buy or sell Equinor ASA stock right now?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Equinor ASA in the last twelve months. There are currently 4 sell ratings, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" EQNR shares.
View EQNR analyst ratings
or view top-rated stocks.

What is Equinor ASA's stock price target for 2024?

10 analysts have issued 12 month price objectives for Equinor ASA's shares. Their EQNR share price targets range from $28.00 to $28.50. On average, they anticipate the company's share price to reach $28.25 in the next twelve months. This suggests a possible upside of 4.5% from the stock's current price.
View analysts price targets for EQNR
or view top-rated stocks among Wall Street analysts.

How have EQNR shares performed in 2024?

Equinor ASA's stock was trading at $31.64 at the start of the year. Since then, EQNR shares have decreased by 14.5% and is now trading at $27.04.
View the best growth stocks for 2024 here
.

Are investors shorting Equinor ASA?

Equinor ASA saw a decrease in short interest in the month of March. As of March 15th, there was short interest totaling 11,200,000 shares, a decrease of 11.3% from the February 29th total of 12,620,000 shares. Based on an average daily volume of 3,430,000 shares, the days-to-cover ratio is currently 3.3 days. Approximately 0.4% of the company's shares are sold short.
View Equinor ASA's Short Interest
.

When is Equinor ASA's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our EQNR earnings forecast
.

How were Equinor ASA's earnings last quarter?

Equinor ASA (NYSE:EQNR) announced its quarterly earnings results on Wednesday, February, 7th. The company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by $0.44. The business earned $29.05 billion during the quarter, compared to analyst estimates of $27.35 billion. Equinor ASA had a net margin of 11.09% and a trailing twelve-month return on equity of 20.32%.

How often does Equinor ASA pay dividends? What is the dividend yield for Equinor ASA?

Equinor ASA announced a quarterly dividend on Tuesday, March 26th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.30 per share on Tuesday, May 28th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend is Wednesday, May 15th.
Read our dividend analysis for EQNR
.

Is Equinor ASA a good dividend stock?

Equinor ASA (NYSE:EQNR) pays an annual dividend of $0.98 per share and currently has a dividend yield of 3.67%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 25.06%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, EQNR will have a dividend payout ratio of 31.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for EQNR.

What is Eldar Sætre's approval rating as Equinor ASA's CEO?

131 employees have rated Equinor ASA Chief Executive Officer Eldar Sætre on Glassdoor.com. Eldar Sætre has an approval rating of 70% among the company's employees.

What other stocks do shareholders of Equinor ASA own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Equinor ASA investors own include Cisco Systems (CSCO), Boeing (BA), Walt Disney (DIS), Enterprise Products Partners (EPD), NVIDIA (NVDA), Pfizer (PFE), AT&T (T), Chevron (CVX), Gilead Sciences (GILD) and Verizon Communications (VZ).

Who are Equinor ASA's major shareholders?

Equinor ASA's stock is owned by many different retail and institutional investors. Top institutional shareholders include Folketrygdfondet (3.46%), Goldman Sachs Group Inc. (0.11%), Goldman Sachs Group Inc. (0.11%), Wellington Management Group LLP (0.09%), Todd Asset Management LLC (0.06%) and Teachers Retirement System of The State of Kentucky (0.03%).

How do I buy shares of Equinor ASA?

Shares of EQNR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:EQNR) was last updated on 3/28/2024 by MarketBeat.com Staff

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