A Look At Insider Reactions To Equinor ASA (EQNR)

At the last check on Friday, Equinor ASA’s (NYSE:EQNR) stock was up $0.21, moving up 0.61 percent to $33.96. The average number of shares traded per day over the past five days has been 3,804,280 shares. 2 times new highs have been achieved over the past 5 days, with a -$1.78 fall in that time frame. In the last twenty days, the average volume was 4,426,665, while in the previous 50 days, it was 4,138,708.

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Since last month, EQNR stock retreated -9.99%. Shares of the company fell to $32.33 on 05/09/22, the lowest level in the past month. A 52-week high of $38.92 was reached on 04/08/22 after having rallying from a 52-week low of $18.34. Since the beginning of this year, EQNR’s stock price has risen by 28.95% or $7.60, and marked a new high 23 times. However, the stock has declined by -12.75% since its 52-week high.

Valuation Metrics

Right now, Equinor ASA (EQNR) has a P/E ratio of about 12.82. The stock’s beta is 1.02. Besides these, the trailing price-to-sales (P/S) ratio of 1.26, the price-to-book (PB) ratio of 2.96, and the price-to-cash flow ratio of 13.69 may also be considered.

The latest dividend of $0.20 per share was paid out, which is 11.11% more than last year’s $0.18. On Friday March 25 2022, a $0.02 dividend increase was announced.

Financial Health

In the three months ended December 30, Equinor ASA’s quick ratio stood at 1.60, while its current ratio was 1.70, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending December 30 was 0.82, and the total debt-to-equity ratio was 0.93. On the profitability front, the trailing twelve-month gross margin is 60.40% percent. In the year ended December 30, EBITDA margin amounted to 48.30%, whereas operating margins totaled 8.50%. Based on annual data, EQNR earned $55.76 billion in gross profit and brought in $90.92 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.10%. Return on equity (ROE) for the past 12 months was -2.10%.

According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. EQNR’s revenue rose 49.61% during the quarter, while net income inched up to $90.92 billion. While analysts expected Equinor ASA to report $0.63 quarterly earnings, the actual figure was $1.3 per share, beating the consensus estimate by 106.30%. During the quarter, the company generated $20.41 billion in EBITDA. The liabilities of Equinor ASA were 115.67 billion at the end of its most recent quarter ended December 30, and its total debt was $36.24 billion.

Technical Picture

This quick technical analysis looks at Equinor ASA’s (EQNR) price momentum. With a historical volatility rate of 61.06%, the RSI 9-day stood at 44.13% on 12 May.

With respect to its five-day moving average, the current Equinor ASA price is down by -4.98% percent or -$1.78. At present, EQNR shares trade -11.43% below its 20-day simple moving average and +28.72% percent above its 100-day simple moving average. However, the stock is currently trading approximately +4.37% above its SMA50 and +70.25% above its SMA200.

Stochastic coefficient K was 32.16% and Stochastic coefficient D was 23.43%, while ATR was 1.38. Given the Stochastic reading of 37.14% for the 14-day period, the RSI (14) reading has been calculated as 44.83%. As of today, the MACD Oscillator reading stands at -0.48, while the 14-day reading stands at -0.72.

Analyst Ratings

Equinor ASA downgraded its rating on Equinor ASA (NYSE: EQNR) to a Hold in a note to investors on May 13, 2022. The analysts firm previously had a Buy rating on the stock.Equinor ASA (EQNR) has been rated Overweight by analysts. According to 0 brokerage firms, EQNR is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Equinor ASA stock as buy, with 1 recommending it as overweight.

With a median target price of $42.11, the current consensus forecast for the stock is $37.00 – $47.22. Based on these forecasts, analysts predict Equinor ASA (EQNR) will achieve an average price target of $42.11.


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