Equinor ASA (NYSE:EQNR) finished Thursday with a subtraction of -$0.84 to close at $31.71, a downside of -2.58 percent. An average of 4,019,160 shares of common stock have been traded in the last five days. There was a gain of $1.18 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 2,752,055 shares traded, while the 50-day average volume stands at 2,914,374.
EQNR stock has increased by 5.17% in the last month. The company shares reached their 1-month lowest point of $29.09 on 07/17/23. With the stock rallying to its 52-week high on 01/03/23, shares of the company touched a low of $25.23 and a high of $40.16 in 52 weeks. It has reached a new high 1 time so far this year and lost -7.56% or -$4.10 in price. In spite of this, the price is down -21.04% from the 52-week high.
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Valuation Metrics
Equinor ASA (EQNR) has a trailing price-to-earnings (P/E) ratio of 4.13. The stock’s beta is 0.99. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.72, the price-to-book (PB) ratio at 1.94, and the price-to-cash flow ratio at 10.42.
Financial Health
The quick ratio of Equinor ASA for the recent quarter was 1.70, and the current ratio was 1.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.50 and a total debt to equity ratio of 0.62 for the recent quarter. Equinor ASA’s EBITDA margin is 55.97%, while its operating margin for the same period stands at 48.40%. Its gross profit as reported stood at $97.0 billion compared to revenue of $150.81 billion.
Earnings Surprise
For the recent quarter, Equinor ASA had $268.0 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $28.75 billion in the quarter, while revenues were grew 70.21%.
Technical Picture
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 10 August was 60.27%, suggesting the stock is Neutral, with historical volatility in this time frame at 37.41%.
As of today, EQNR’s price is $31.41 +3.87% or $1.18 from its 5-day moving average. EQNR is currently trading +4.65% higher than its 20-day SMA and +17.10% higher than its 100-day SMA. However, the stock’s current price level is +22.06% above the SMA50 and -7.90% below the SMA200.
The stochastic %K and %D were 68.55% and 67.21%, respectively, and the average true range (ATR) was 0.88. With the 14-day stochastic at 60.55% and the average true range at 0.81, the RSI (14) stands at 59.39%. The stock has reached 0.76 on the 9-day MACD Oscillator while the 14-day reading was at 0.86.
Analyst Ratings
RBC Capital Mkts upgraded Equinor ASA (NYSE: EQNR) to a an Outperform rating in its most recent analyst report. Previously, the stock was rated as a Sector perform. The consensus rating for Equinor ASA (EQNR) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell EQNR, while 1 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 $36.00 and $39.00, with a median target of $37.55. Taking a look at these predictions, the average price target given by analysts for Equinor ASA (EQNR) stock is $37.53.
