Equinor ASA (NYSE:EQNR) saw an upside of 0.72% to close Monday at $26.50 after adding $0.19 on the day. The 5-day average trading volume is 3,195,540 shares of the company’s common stock. It has gained $27.01 in the past week. An average of 2,705,760 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,383,400.
EQNR’s 1-month performance is 19.53% or $4.15 on its low of $22.29 reached on 09/09/21. The company’s shares have touched a 52-week low of $12.11 and high of $26.42, with the stock’s rally to the 52-week high happening on 10/04/21. YTD, EQNR has achieved 61.39% or $10.08. However, the current price is up 0.28%% from the 52-week high price.
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Equinor ASA (EQNR) has a trailing price-to-earnings (P/E) ratio of 14.70 for the broader industry and 18.75 for the sector, meaning that investors are optimistic about the stock’s future prospects. The company’s PE ratio for the last five years has touched a high of 38.11 and a low of 6.675. EQNR stock has a beta of 1.13. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 1.47 while the price-to-book (PB) in the most recent quarter is 2.32, with the price to cash flow ratio at 10.22.
Equinor ASA pays an annual dividend of $0.43 per share. Its dividend yield is 1.62%. EQNR’s most recent quarterly dividend payment was made on Aug. 27, when it paid $0.18 a share compared with prior rate of $0.12, up 33.33% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend increase of $0.06 reported on Wednesday July 28 2021. Measured over the last 3 years, the Dividend has been growing by -19.35% yearly.
It is projected that Equinor ASA’s next ex-dividend date will be on 10-Nov-2021. EQNR is expected to distribute $0.18 as its next dividend.
Equinor ASA’s quick ratio for the recent quarter was 1.60, with the current ratio over the same period at 1.70 meaning that EQNR stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 55.10%The trailing 12-month EBITDA margin is 31.43% while Equinor ASA’s operating margin was 13.30%. The firm’s gross profit as reported stood at $24.83 billion against revenue of $45.82 billion.
Net income and sales went down compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than $7.41 billion. EQNR stock balance sheet for the recent quarter shows that total liabilities totaled 90.22 billion, with total debt at $35.48 billion
Let’s look briefly at Equinor ASA (EQNR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 04 October was 80.07% to suggest the stock is trending Overbought, with historical volatility in this time period at 21.17%.
The stock’s 5-day moving average is $25.66, reflecting a +7.33% or $1.81 change from its current price. EQNR is currently trading +18.57% above its 20-day SMA, +24.88% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +36.11% and +57.55% respectively.
Stochastic %K and %D was 91.18% and 87.12% and the average true range (ATR) pointed at 0.69. The RSI (14) points at 75.91%, while the 14-day stochastic is at 88.00% with the period’s ATR at 0.65. The stock’s 9-day MACD Oscillator is pointing at 1.10 and 1.60 on the 14-day charts.
In the most recent analyst report for Equinor ASA (NYSE: EQNR), JP Morgan downgraded it to an Underweight rating. They previously had a Neutral rating on the stock. Analysts offering their rating for EQNR stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate EQNR as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
What is EQNR’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $29.31 and a high of $34.00, with their median price target at $31.00. Looking at these predictions, the average price target given by analysts is for Equinor ASA (EQNR) stock is $31.44.