At the last check on Friday, Equinor ASA’s (NYSE:EQNR) stock was down -$0.08, moving down -0.26 percent to $30.37. The average number of shares traded per day over the past five days has been 2,399,628 shares. 3 times new highs have been achieved over the past 5 days, with a -$1.33 fall in that time frame. In the last twenty days, the average volume was 2,700,142, while in the previous 50 days, it was 2,803,739.
Since last month, EQNR stock rose 0.96%. Shares of the company fell to $29.69 on 07/19/23, the lowest level in the past month. A 52-week high of $39.40 was reached on 01/03/23 after having rallying from a 52-week low of $24.75. Since the beginning of this year, EQNR’s stock price has dropped by -9.76% or -$5.40, and marked a new high 1 time. However, the stock has declined by -22.92% since its 52-week high.
Valuation Metrics
Right now, Equinor ASA (EQNR) has a P/E ratio of about 3.96. The stock’s beta is 0.99. Besides these, the trailing price-to-sales (P/S) ratio of 0.72, the price-to-book (PB) ratio of 1.86, and the price-to-cash flow ratio of 5.14 may also be considered.
The latest dividend of $0.90 per share was paid out, remained unchanged from last year’s $0.90. On Wednesday May 3 2023, a $0.30 dividend increase was announced.
Financial Health
In the recent quarter, Equinor ASA’s quick ratio stood at 1.70, while its current ratio was 1.80, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 0.50, and the total debt-to-equity ratio was 0.62. On the profitability front, the trailing twelve-month gross margin is 62.30% percent. In the recent year, EBITDA margin amounted to 55.97%, whereas operating margins totaled 48.40%. Based on annual data, EQNR earned $97.0 billion in gross profit and brought in $150.81 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 33.60%. Return on equity (ROE) for the past 12 months was 47.30%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. EQNR’s revenue rose 39.71% during the quarter, while net income inched up to $150.81 billion. During the quarter, the company generated $9.29 billion in EBITDA. The liabilities of Equinor ASA were 90.33 billion at the end of its most recent quarter, and its total debt was $30.6 billion.
Technical Picture
This quick technical analysis looks at Equinor ASA’s (EQNR) price momentum. With a historical volatility rate of 39.18%, the RSI 9-day stood at 46.81% on 17 August.
With respect to its five-day moving average, the current Equinor ASA price is down by -4.19% percent or -$1.33. At present, EQNR shares trade -1.49% below its 20-day simple moving average and +10.34% percent above its 100-day simple moving average. However, the stock is currently trading approximately +9.15% above its SMA50 and -16.18% below its SMA200.
Stochastic coefficient K was 16.03% and Stochastic coefficient D was 17.63%, while ATR was 0.80. Given the Stochastic reading of 20.67% for the 14-day period, the RSI (14) reading has been calculated as 49.53%. As of today, the MACD Oscillator reading stands at -0.72, while the 14-day reading stands at -0.57.
Analyst Ratings
RBC Capital Mkts upgraded its rating on Equinor ASA (NYSE: EQNR) to an Outperform in a note to investors on August 09, 2023. The analysts firm previously had a Sector perform 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 1 analyst rate Equinor ASA stock as buy, with 2 recommending it as overweight.
