Equinor ASA: Does EQNR Stock Make Heads Or Tails? – Stocks Register
Home  »  Finance   »  Equinor ASA: Does EQNR Stock Make Heads Or Tails?...

Equinor ASA: Does EQNR Stock Make Heads Or Tails?

The trading price of Equinor ASA (NYSE:EQNR) floating lower at last check on Wednesday, November 24, closing at $25.76, -0.08% lower than its previous close.

>> 7 Top Picks for the Post-Pandemic Economy <<

Traders who pay close attention to intraday price movement should know that it has been fluctuating between $25.17 and $25.85. The company’s P/E ratio in the trailing 12-month period was 30.33, while its 5Y monthly beta was 0.80. In examining the 52-week price action we see that the stock hit a 52-week high of $28.30 and a 52-week low of $15.33. Over the past month, the stock has lost -8.22% in value.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Equinor ASA, whose market valuation is $88.25 billion at the time of this writing. The dividend yield on the company stock is 2.79%, while its Forward Dividend ratio is 0.72. Investors’ optimism about the company’s current quarter earnings report is understandable.

A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Equinor ASA No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest EQNR has a 50% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.

Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned EQNR a recommendation rating is 3. Out of them, 0 rate it a Hold, while 2 recommend Buy, whereas 1 assign an Overweight rating. 0 analyst(s) have tagged Equinor ASA (EQNR) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.

If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 5.23, which symbolizes a positive outlook. A quick review shows that EQNR’s price is currently -1.02% off the SMA20 and -0.77% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.15, and weekly volatility stands at 2.43%. When measured over the past 30 days, the indicator reaches 2.36%. Equinor ASA (NYSE:EQNR)’s beta value is currently sitting at 1.09, while the Average True Range indicator is currently displaying 0.81. With analysts defining $29.31-$36.00 as the low and high price targets, we arrive at a consensus price target of $32.44 for the trailing 12-month period. The current price is about -13.78% off the estimated low and -39.75% off the forecast high, based on this estimate. Investors will be thrilled if EQNR’s share price rises to $32.00, which is the median consensus price. At that level, EQNR’s share price would be -24.22% below current price.

To see how Equinor ASA stock has been performing today in comparison to its peers in the industry, here are the numbers: EQNR stock’s performance was -0.08% at last check in today’s session, and 64.31% in the past year. Equinor ASA has a P/E ratio of 30.33. Also during today’s trading, the S&P 500 Index has plunged -0.05%, while the Dow Jones Industrial also saw a negative session, down -0.19% today.

An evaluation of the daily trading volume of Equinor ASA (NYSE:EQNR) indicates that the 3-month average is 2.92 million.

Currently, records show that 3.25 billion of the company’s shares remain outstanding. The insiders hold 67.30% of outstanding shares, whereas institutions hold 5.50%. However, since the stock’s price has seen 57.00% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.

Leave a Comment

Your email address will not be published. Required fields are marked *

Related Posts

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

100% free. stop anytime no spam