The stock of Equinor ASA (NYSE:EQNR) decreased by -$0.03 on Tuesday to $30.62, down -0.10 percent. The last five days have seen an average of 3,456,652 shares of common stock traded. 1 time new highs were reached in the current year, with a fall of -$5.23. The average number of shares traded over the last 20 days was 2,595,973, while the average volume over the last 50 days totaled 2,818,389.
EQNR stock appreciated 6.26% since last month. On 07/17/23, the company’s shares reached a one-month low of $29.09. The stock touched a high of $39.40 on 01/03/23, after rallying from a low of $24.75 in 52 weeks. The price of EQNR stock has declined by -9.02% or -$5.23 this year, reaching a new high 1 time. Still, the stock price is down -22.29% from the 52-week high.
Valuation Metrics
Equinor ASA (EQNR) has a trailing price-to-earnings (P/E) ratio of 3.99. Beta for the stock is 1.00. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.72, the price-to-book (PB) ratio of 1.87, and the price-to-cash flow ratio of 5.18.
Company paid $0.90 per share in dividends, remained unchanged from $0.90 last year. A $0.30 dividend increase was reported on Wednesday May 3 2023.
Financial Health
For the recent quarter, Equinor ASA’s quick ratio was 1.70, while its current ratio was 1.80, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.50, and the total debt to equity ratio is 0.62. As far as profitability goes, gross margin for the trailing twelve months is 62.30% percent. Equinor ASA’s EBITDA margin for the recent year was 55.97%, whereas its operating margin stood at 48.40% for the same period. Based on annual data, it had gross profit of $97.0 billion and revenue of $150.81 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. EQNR’s return on assets (ROA) during the last 12 months has been 16.00%. There was a 33.60% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 47.30%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $150.81 billion, while revenues rose by 39.71% to $0.0. EBITDA was $9.29 billion for the quarter. At the end of Equinor ASA’s most recent quarter, its liabilities totaled 90.33 billion, while its total debt was $30.6 billion.
Technical Picture
Here’s a quick look at Equinor ASA’s (EQNR) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 47.15%, suggesting the stock is Neutral, with a 39.10% historical volatility rate.
The stochastic %K and %D were 38.58% and 52.68% respectively, while the average true range (ATR) was 0.84. Based on the 14-day stochastic reading of 26.15%, the RSI (14) reading is 50.48%. On the 9-day MACD Oscillator, the stock is at -0.18, and the 14-day reading is at 0.17.
Analyst Ratings
In its most recent analyst report, RBC Capital Mkts raised its rating on Equinor ASA (NYSE: EQNR) to an Outperform. Prior to this, analysts firm rated the stock as a Sector perform. Analysts have assigned Equinor ASA (EQNR) an Overweight rating. EQNR is a stock that is recommended for selling by 0 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 2 others recommend it as a buy.
What is EQNR’s price target for the next 12 months?
The current consensus forecast for the stock is between $32.00 and $39.00, with a median target price of $37.55. In analyzing these forecasts, the average price target given by analysts for Equinor ASA (EQNR) is $36.53.
