Analysis Of The Weekly Performance Of Equinor ASA (EQNR)

Equinor ASA (NYSE:EQNR) traded with a subtraction of -$1.18 to $25.65 on Wednesday, a downside of -4.42 percent. An average of 3,515,887 shares of common stock have been traded in the last five days. There was a gain of $0.81 in the past week. The last 20 days have seen an average of 2,790,322 shares traded, while the 50-day average volume stands at 2,441,609.

EQNR stock has increased by 20.04% in the last month. The company shares reached their 1-month lowest point of $22.29 on 09/09/21. With the stock rallying to its 52-week high on 10/05/21, shares of the company touched a low of $12.11 and a high of $27.22 in 52 weeks. In spite of this, the price is down -5.79% from the 52-week high.

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Valuation Metrics

Equinor ASA (EQNR) has a trailing price-to-earnings (P/E) ratio of 18.90 for the broader industry and 18.62 for the sector. This means investors are optimistic about the stock’s future prospects. In the last five years, Equinor ASA’s PE ratio has ranged between 38.11 and 6.675. The stock’s beta is 1.13. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.49, the price-to-book (PB) ratio at 2.35, and the price-to-cash flow ratio at 10.34.

Financial Health

The quick ratio of Equinor ASA for the recent quarter was 1.60, and the current ratio was 1.70, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.83 and a total debt to equity ratio of 0.96 for the recent quarter. On the profitability front, the trailing 12-month gross margin is 55.10% against a 5-year average of 31.9%. Equinor ASA’s EBITDA margin is 31.43%, while its operating margin for the same period stands at 13.30%. Its gross profit as reported stood at $24.83 billion compared to revenue of $45.82 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Equinor ASA’s return on assets was -0.60%, compared to 1.1% over the last five years. In the past year, the return on investment has been -6.50%, and the 5-year average is 2.2%. Meanwhile, the return on equity (ROE) for the past 12 months has been -2.20% and the 5-year average holds at 2.5%. For the broader industry, ROE averaged 12.45 over the past year.

Earnings Surprise

From a technical analysis perspective, let’s take a brief look at Equinor ASA (EQNR) price momentum. RSI 9-day as of the close on 05 October was 60.78%, suggesting the stock is Neutral, with historical volatility in this time frame at 36.63%.

As of today, EQNR’s price is $26.16 +3.26% or $0.81 from its 5-day moving average. EQNR is currently trading +13.50% higher than its 20-day SMA and +18.04% higher than its 100-day SMA. However, the stock’s current price level is +29.22% above the SMA50 and +52.77% above the SMA200.

The stochastic %K and %D were 81.35% and 88.19%, respectively, and the average true range (ATR) was 0.75. With the 14-day stochastic at 64.80% and the average true range at 0.70, the RSI (14) stands at 63.35%. The stock has reached 0.84 on the 9-day MACD Oscillator while the 14-day reading was at 1.53.

Analyst Ratings

JP Morgan downgraded Equinor ASA (NYSE: EQNR) to a an Underweight rating in its most recent analyst report. Previously, the stock was rated as a a Neutral.The consensus rating for Equinor ASA (EQNR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EQNR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.

What is EQNR’s price target for the next 12 months?

Analysts predict a range of price targets between $29.31 and $34.00, with a median target of $31.00. Taking a look at these predictions, the average price target given by analysts for Equinor ASA (EQNR) stock is $31.44.


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