Equinor ASA (NYSE:EQNR) finished Thursday with an addition of $0.29 to close at $29.84, an upside of 0.98 percent. An average of 2,032,818 shares of common stock have been traded in the last five days. There was a fall of -$0.61 in the past week, and it reached a new high 1 time over the past 12 months. The last 20 days have seen an average of 2,660,590 shares traded, while the 50-day average volume stands at 2,601,620.
EQNR stock has increased by 1.15% in the last month. The company shares reached their 1-month lowest point of $29.52 on 08/23/23. With the stock rallying to its 52-week high on 01/03/23, shares of the company touched a low of $24.75 and a high of $39.40 in 52 weeks. It has reached a new high 1 time so far this year and lost -11.34% or -$6.03 in price. In spite of this, the price is down -24.27% from the 52-week high.
Valuation Metrics
Equinor ASA (EQNR) has a trailing price-to-earnings (P/E) ratio of 3.89. The stock’s beta is 1.00. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.70, the price-to-book (PB) ratio at 1.83, and the price-to-cash flow ratio at 5.01.
The company has a payout ratio of 31.80%. The company’s most recent quarterly dividend payment was $0.90 a share, without any change from last year. Its latest increase dividend $0.30 reported on Wednesday May 3 2023.
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
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 24 August was 41.05%, suggesting the stock is Neutral, with historical volatility in this time frame at 20.55%.
As of today, EQNR’s price is $30.15 -2.01% or -$0.61 from its 5-day moving average. EQNR is currently trading -0.40% lower than its 20-day SMA and -2.10% lower than its 100-day SMA. However, the stock’s current price level is +0.13% above the SMA50 and -22.02% below the SMA200.
The stochastic %K and %D were 8.14% and 15.04%, respectively, and the average true range (ATR) was 0.73. With the 14-day stochastic at 7.47% and the average true range at 0.74, the RSI (14) stands at 45.06%. The stock has reached -0.43 on the 9-day MACD Oscillator while the 14-day reading was at -0.88.
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.
