Equinor ASA ADR (NYSE:EQNR) has a beta value of 0.85 and has seen 0.6 million shares traded in the recent trading session. The company, currently valued at $78.48B, closed the recent trade at $26.47 per share which meant it gained $0.02 on the day or 0.09% during that session. The EQNR stock price is -25.84% off its 52-week high price of $33.31 and 10.31% above the 52-week low of $23.74. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.68 million shares traded. The 3-month trading volume is 3.50 million shares.
Equinor ASA ADR (NYSE:EQNR) trade information
Sporting 0.09% in the green today, the stock has traded in the green over the last five days, when the EQNR stock price touched $26.47 or saw a rise of 0.75%. Year-to-date, Equinor ASA ADR shares have moved -14.32%, while the 5-day performance has seen it change 1.12%. Over the past 30 days, the shares of Equinor ASA ADR (NYSE:EQNR) have changed 6.14%. Short interest in the company has seen 12.62 million shares shorted with days to cover at 2.85.
Equinor ASA ADR (EQNR) estimates and forecasts
Figures show that Equinor ASA ADR shares have outperformed across the wider relevant industry. The company’s shares have lost -16.23% over the past 6 months, with this year growth rate of -4.96%, compared to -17.60% for the industry. Revenue growth from the last financial year stood is estimated to be -16.00%.
1 analysts offering their estimates for the company have set an average revenue estimate of $19.49 billion for the current quarter. 1 have an estimated revenue figure of $19.41 billion for the next quarter concluding in Jun 2024. Year-ago sales stood $29.22 billion and $22.87 billion respectively for this quarter and the next, and analysts expect sales will shrink by -33.30% for the current quarter and -15.10% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 11.67% over the past 5 years. Earnings growth for 2024 is a modest -7.65% while over the next 5 years, the company’s earnings are expected to increase by 5.80%.
EQNR Dividends
Equinor ASA ADR is expected to release its next earnings report in April this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.16 at a share yield of 4.39%. The company’s dividend yield has gone up over the past 12 months.
Equinor ASA ADR (NYSE:EQNR)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 5.83% with a share float percentage of 5.83%. Investors are also buoyed by the number of investors in a company, with Equinor ASA ADR having a total of 415 institutions that hold shares in the company. The top two institutional holders are Folketrygdfondet with over 107.96 million shares worth more than $2.85 billion. As of Dec 30, 2023, Folketrygdfondet held 3.59% of shares outstanding.
The other major institutional holder is FMR, LLC, with the holding of over 10.68 million shares as of Dec 30, 2023. The firm’s total holdings are worth over $282.36 million and represent 0.36% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Price (T.Rowe) Overseas Stock Fund and iShares Core MSCI EAFE ETF. As of Dec 30, 2023, the former fund manager holds about 0.32% shares in the company for having 9.65 million shares of worth $255.18 million while later fund manager owns 5.12 million shares of worth $135.48 million as of Jan 30, 2024, which makes it owner of about 0.17% of company’s outstanding stock.
