Why To Invest In Equinor ASA ADR (NYSE: EQNR) Stock?

In the latest trading session,, 2.37 million Equinor ASA ADR (NYSE:EQNR) shares changed hands as the company’s beta touched 0.85. With the company’s most recent per share price at $27.72 changed hands at -$0.06 or -0.23% at last look, the market valuation stands at $82.17B. EQNR’s current price is a discount, trading about -20.17% off its 52-week high of $33.31. The share price had its 52-week low at $23.74, which suggests the last value was 14.36% up since then. When we look at Equinor ASA ADR’s average trading volume, we note the 3-month average coming to 3.68 million.

Equinor ASA ADR (NYSE:EQNR) trade information

Instantly EQNR was in red as seen in intraday trades today. With action -0.41%, the performance over the past five days has been red. The drop to weekly highs of 28.89 subtracted -0.23% to the stock’s daily price. The company’s shares are showing year-to-date downside of -10.30%, with the 5-day performance at -0.41% in the red. However, in the 30-day time frame, Equinor ASA ADR (NYSE:EQNR) is 5.54% up. Looking at the short shares, we see there were N/A shares sold at short interest cover period of N/A days.

Equinor ASA ADR (EQNR) estimates and forecasts

Data shows that the Equinor ASA ADR share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -16.09% over the past 6 months, a -4.96% in annual growth rate that is considerably higher than the industry average of -10.20%.

Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 11.67%. The 2024 estimates are for Equinor ASA ADR earnings to decrease by -9.64%, but the outlook for the next 5-year period is at 5.80% per year.

EQNR Dividends

Equinor ASA ADR is expected to release its next quarterly earnings report in May. The 4.33% annual yield figure for the share gives it an annual dividend of 1.20. It is important to note, however, that the 4.33% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.