Equinor ASA (NYSE:EQNR) saw a downside of -0.13% to $30.74 after subtracting -$0.04 on Tuesday. The 5-day average trading volume is 2,323,521 shares of the company’s common stock. It has gained $31.05 in the past week and touched a new high 3 times within the past 5 days. An average of 2,725,165 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,744,718.
EQNR’s 1-month performance is -0.09% or -$0.13 on its low of $29.73 reached on 07/28/23. The company’s shares have touched a 52-week low of $24.75 and high of $39.40, with the stock’s rally to the 52-week high happening on 01/03/23. YTD, EQNR has lost -8.66% or -$5.07 and has reached a new high 1 time. However, the current price is down -21.98% from the 52-week high price.
Valuation Metrics
EQNR stock has a beta of 0.99. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.72 while the price-to-book (PB) in the most recent quarter is 1.88, with the price to cash flow ratio at 5.16.
Equinor ASA’s quick ratio for the recent period was 1.70, with the current ratio over the same period at 1.80. In terms of profitability, the gross margin trailing 12 months is 62.30%. The firm’s gross profit as reported stood at $97.0 billion against revenue of $150.81 billion.
Earnings Surprise
Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 70.21% to $28.75 billion, while revenue of $0.0 was 100.0% off the previous quarter. EBITDA for the quarter stood at more than $9.29 billion. EQNR stock balance sheet for the recent quarter shows that total liabilities totaled 90.33 billion, with total debt at $30.6 billion.
Let’s look briefly at Equinor ASA (EQNR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 21 August was 51.01% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.83%.
The stock’s 5-day moving average is $30.45, reflecting a +0.67% or $0.20 change from its current price. EQNR is currently trading -2.21% above its 20-day SMA, +9.41% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +5.26% and SMA200 by-16.79%.
Stochastic %K and %D was 26.75% and 22.41% and the average true range (ATR) pointed at 0.72. The RSI (14) points at 52.04%, while the 14-day stochastic is at 28.18% with the period’s ATR at 0.73. The stock’s 9-day MACD Oscillator is pointing at -0.13 and -0.27 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Equinor ASA (NYSE: EQNR), RBC Capital Mkts upgraded it to an Outperform rating. They previously had a Sector perform rating on the stock. Analysts offering their rating for EQNR stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate EQNR as a “sell,”, while 1 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 2 have offered a “buy” rating.
