In the last trading session, 3.27 million shares of the Equinor ASA (NYSE:EQNR) were traded, and its beta was 1.13. Most recently the company’s share price was $26.33, and it changed around $0.61 or 2.37% from the last close, which brings the market valuation of the company to $82.00B. EQNR currently trades at a discount to its 52-week high of $27.22, offering almost -3.38% off that amount. The share price’s 52-week low was $12.11, which indicates that the current value has risen by an impressive 54.01% since then. We note from Equinor ASA’s average daily trading volume that its 10-day average is 4.38 million shares, with the 3-month average coming to 2.42 million.
Equinor ASA stock received a consensus recommendation rating of a Buy, based on a mean score of 1.30. If we narrow it down even further, the data shows that 0 out of 3 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended EQNR as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight. Equinor ASA is expected to report earnings per share of $0 for the current quarter.
Equinor ASA (NYSE:EQNR) trade information
Instantly EQNR has showed a green trend with a performance of 2.37% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 27.22 on Friday, 10/08/21 increased the stock’s daily price by 3.27%. The company’s shares are currently up 60.35% year-to-date, but still up 0.08% over the last five days. On the other hand, Equinor ASA (NYSE:EQNR) is 17.39% up in the 30-day period. We can see from the shorts that 8.26 million shares have been sold at a short interest cover period of 3.75 day(s).
The consensus price target as assigned by Wall Street analysts is $31.44, which translates to bulls needing to increase their stock price by 16.25% from its current value. Analyst projections state that EQNR is forecast to be at a low of $29.31 and a high of $34.00. In order for the stock price to hit the forecast high, the stock would need to plunge -29.13% from its current level, while the stock would need to crash -11.32% from its current level to reach the projected low.
Equinor ASA (EQNR) estimates and forecasts
Equinor ASA share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 38.80 percent over the past six months and at a 1,118.52% annual growth rate that is well above the industry average of 15.00%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.60%. Equinor ASA earnings are expected to increase by -404.90% in 2021, but the outlook is positive 5.80% per year for the next five years.
Equinor ASA’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 2.28 percent and its annual dividend per share was 0.60. It is important to note, however, that the 2.28% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 4.62 per year.
Equinor ASA (NYSE:EQNR)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.00% of Equinor ASA shares, and 5.43% of them are in the hands of institutional investors. The stock currently has a share float of 5.43%. Equinor ASA stock is held by 274 institutions, with Bank of America Corporation being the largest institutional investor. By Jun 29, 2021, it held 0.26% of the shares, which is about 8.48 million shares worth $179.78 million.
Blackrock Inc., with 0.23% or 7.35 million shares worth $155.73 million as of Jun 29, 2021, holds the second largest percentage of outstanding shares.
Brighthouse Fds Tr II-Van Eck Global Natural Resources Porfolio and Vanguard Specialized-Energy Fund were the top two Mutual Funds as of Jun 29, 2021. The former held 1.05 million shares worth $22.2 million, making up 0.03% of all outstanding shares. On the other hand, Vanguard Specialized-Energy Fund held roughly 0.71 million shares worth around $14.47 million, which represents about 0.02% of the total shares outstanding.