Are Equinor ASA ADR (NYSE: EQNR) Shares Worth Your Money In 2024?

In the last trading session, 1.12 million Equinor ASA ADR (NYSE:EQNR) shares changed hands as the company’s beta touched 0.82. With the company’s per share price at $26.68 changed hands at $0.69 or 2.65% during last session, the market valuation stood at $72.95B. EQNR’s last price was a discount, traded about -21.78% off its 52-week high of $32.49. The share price had its 52-week low at $23.84, which suggests the last value was 10.64% up since then. When we look at Equinor ASA ADR’s average trading volume, we note the 10-day average is 3.88 million shares, with the 3-month average coming to 3.00 million.

Analysts gave the Equinor ASA ADR (EQNR) stock a consensus recommendation rating of Hold, calculated at a mean rating of 2.43. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended EQNR as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Equinor ASA ADR’s EPS for the current quarter is expected to be 0.78.

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Equinor ASA ADR (NYSE:EQNR) trade information

Instantly EQNR was in green as seen at the end of in last trading. With action 7.58%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -11.48%, with the 5-day performance at 7.58% in the green. However, in the 30-day time frame, Equinor ASA ADR (NYSE:EQNR) is 4.25% up. Looking at the short shares, we see there were 12.83 million shares sold at short interest cover period of 5.13 days.

The consensus price target for the stock as assigned by Wall Street analysts is 82.5, meaning bulls need an upside of 67.66% from its current market value. According to analyst projections, EQNR’s forecast low is 82.5 with 82.5 as the target high. To hit the forecast high, the stock’s price needs a -209.22% plunge from its current level, while the stock would need to soar -209.22% for it to hit the projected low.

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 -1.89% over the past 6 months, a -3.79% in annual growth rate that is considerably higher than the industry average of -12.50%. Year-over-year growth is forecast to reach -16.10% down from the last financial year.

Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 24.98B. 1 analysts are of the opinion that Equinor ASA ADR’s revenue for the current quarter will be 24.4B. The company’s revenue for the corresponding quarters a year ago was 26.02B and 28.48B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -4.00%. The estimates for the next quarter sales put growth at -14.30%.

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 -3.28%, but the outlook for the next 5-year period is at 2.20% per year.

EQNR Dividends

Equinor ASA ADR is expected to release its next quarterly earnings report on 2024-Oct-24. The 4.78% annual yield figure for the share gives it an annual dividend of 1.27. It is important to note, however, that the 4.78% 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. During the past 5 years, the average dividend yield was 3.73 per year.

Equinor ASA ADR (NYSE:EQNR)’s Major holders

FMR LLC holds the second largest percentage of outstanding shares, with 0.5333% or 15.67 million shares worth $447.45 million as of 2024-06-30.