Equinor ASA (NYSE:EQNR) currently has a daily average trading volume of 3.55M but it saw 6116309 shares traded on Thursday. With a market cap of 85.17B USD, stock’s current market price of $27.11 came falling about -0.84 while comparing to the previous closing price of $27.34. In past 52 weeks, the stock remained buoying in the range of price level as high as $41.00 and as low as $26.59. In the recent trading on the day, stock has struck highest price mark of $27.17 while lowest mark touched by it was $26.28.
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Taking a look at 20-day trading activity of Equinor ASA (EQNR) gives us an average price of $30.17, while its current price level is -33.88% below from 52-week high level whereas it is 1.94% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $30.66 while that of 200 days or SMA-200 reads an average of $34.57. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.27% during that period while stretching the period over a month that decreases to 2.17%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 25.70 which implies that the stock is in oversold territory.
Equinor ASA (EQNR)’s stock is currently under the radar of 3 analysts who are in consensus at a 12-month price target range of between $36.00 and $46.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $36.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $46.00. Average price target assigned by them is $42.33 which highlights an upside potential of 35.96% for the stock over that period. And to attain the median price target of $45.00 assigned by those analysts, stock has to add about 39.76% of value to its current levels.
Data by FactSet Research shows that 3 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 1 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 1 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Overweight for the stock and that issued by Wall Street to investors is Moderate Buy.
Over the week, EQNR’s stock price is moving -8.13% down while it is -16.58% when we observe its performance for the past one month. Year-to-date it is -22.59% down and over the past year, the stock is showing a downside performance of -11.65%.
The company is expected to be releasing its next quarterly report in 05/04/2023, for which analysts forecasted an EPS of $0 while estimate for next year EPS is $0.
Currently, Equinor ASA’s total number of outstanding shares is 3.15B with 0.00% of that held by the insiders while 5.52% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 14.20% and return on equity (ROE) at 39.10%. It has a price to earnings ratio (P/E ratio) of 2.99. Stock’s beta reads 0.97. Stock has a price to book (P/B) ratio of 2.00 while price to sale or P/S ratio amounts to 0.57. Its return on asset (ROA) is 10.60% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Fidelity Series Value Discovery F came shrinking its share ownership by 44.30% in the Equinor ASA (EQNR) increasing its stake to 0.06% with control over 0.6 million shares in the company. As per SEC documents, Fidelity Series Value Discovery F sought 1,949,200 of company’s common stock of worth $59.47 million as per recent closing price of the stock. Fidelity Series Value Discovery F is not the only institutional holder which restructured its stake in Equinor ASA, as Fidelity Strategic Advisers US To picked 1,423,000 shares of worth $43.42 million to bring its holdings to a total of 0.41 million shares. In the most recent quarter, VanEck Global Resources Fund came cutting its stake by -0.17% in the company and now holds 0.94 million or 0.03% of the company’s stake having worth of about 28.59 million.
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