Equinor ASA ADR [EQNR] stock is trading at $25.88, down -1.41%. An important factor to consider is whether the stock is rising or falling in short-term value. The EQNR shares have gain 3.89% over the last week, with a monthly amount glided 0.50%, and seem to be holding up well over a long-time horizon.
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On 5, March 2024, Equinor ASA: Share buy-back. In a post published today on Yahoo Finance, Please see below information about transactions made under the first tranche of the 2024 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO).
From an analyst’s perspective:
Equinor ASA ADR [NYSE: EQNR] stock has seen the most recent analyst activity on February 20, 2024, when Morgan Stanley upgraded its rating to a Equal-Weight and also boosted its price target to $28.50 from $26.40. Previously, DZ Bank downgraded its rating to Hold on February 08, 2024. On January 10, 2024, TD Cowen initiated with a Market Perform rating and assigned a price target of $28 on the stock. Morgan Stanley downgraded its rating to a Underweight. RBC Capital Mkts downgraded its rating to a Sector Perform. BofA Securities upgraded its rating to Buy for this stock on December 07, 2023. In a note dated November 29, 2023, Jefferies downgraded an Underperform rating on this stock.
Equinor ASA ADR [EQNR] stock has fluctuated between $23.74 and $33.31 over the past year. Currently, Wall Street analysts expect the stock to reach $82.5 within the next 12 months. Equinor ASA ADR [NYSE: EQNR] shares were valued at $25.88 at the most recent close of the market. An investor can expect a potential return of 218.78% based on the average EQNR price forecast.
Analyzing the EQNR fundamentals
Equinor ASA ADR [NYSE:EQNR] reported sales of 106.85B for the trailing twelve months, which represents a drop of -14.77%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.34%, Pretax Profit Margin comes in at 0.35%, and Net Profit Margin reading is 0.11%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.23 and Total Capital is 0.33. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.61.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 25.61 points at the first support level, and at 25.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.05, and for the 2nd resistance point, it is at 26.21.
Equinor ASA ADR [EQNR] reported earnings per share of $0.63 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.86/share, meaning a difference of -$0.23 and a surprise factor of -26.70%.
Ratios To Look Out For
For context, Equinor ASA ADR’s Current Ratio is 1.71. On the other hand, the Quick Ratio is 1.60, and the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 0.72, the price to book ratio is 1.57 and price to earnings (TTM) ratio is 6.63.
