Equinor ASA ADR (NYSE:EQNR) shares traded 0.50% higher at $28.22 on Wall Street last session.
EQNR stock price is now 6.83% away from the 50-day moving average and -3.38% away from the 200-day moving average. The market capitalization of the company currently stands at $83.66B.
With the price target enhanced from $26.40 to $28.50, Morgan Stanley Upgraded its rating from Underweight to Equal-Weight for Equinor ASA ADR (NYSE: EQNR)., while ‘TD Cowen’ rates the stock as ‘Market Perform’
A total of 0.00% of the company’s stock is owned by insiders.
During the past 12 months, Equinor ASA ADR has had a low of $23.74 and a high of $33.31. As of last week, the company has a debt-to-equity ratio of 0.66, a current ratio of 1.71, and a quick ratio of 1.60. According to the stock market information, the enterprise value for the company is $77.91B, which is based on a 7.23 price-to-earnings ratio, a 1.25 price-to-earnings-growth ratio, and a beta of 0.85. The fifty day moving average price for EQNR is $26.53 and a two-hundred day moving average price translates $30.16 for the stock.
The latest earnings results from Equinor ASA ADR (NYSE: EQNR) was released for Dec, 2023. According to the Oil & Gas Integrated Company, earnings per share came in at $0.63, missing analysts’ expectations of $0.86 by -0.23. This compares to $2.49 EPS in the same period last year. The net profit margin was 11.12% and return on equity was 23.20% for EQNR. The company reported revenue of $29.05 billion for the quarter, compared to $34.32 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.35 percent. For the current quarter, analysts expect EQNR to generate $19.49B in revenue.
Equinor ASA ADR(EQNR) Company Profile
Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments. The company also transports, processes, manufactures, markets, and trades in oil and gas commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; trades in power and emissions; operates refineries, terminals and processing, and power plants; and develops low carbon solutions for oil and gas. In addition, it develops carbon capture and storage projects; provides transportation solutions, including pipelines, shipping, trucking, and rail; and develops and explores for renewable energy, such as offshore wind, green hydrogen, and solar power. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.
