Why Should We Buy Equinor ASA ADR (EQNR) Stock?

Equinor ASA ADR (NYSE:EQNR) has a beta value of 0.84 and has seen 2.46 million shares traded in the recent trading session. The company, currently valued at $61.25B, closed the recent trade at $22.40 per share which meant it lost -$1.21 on the day or -5.12% during that session. The EQNR stock price is -41.61% off its 52-week high price of $31.72 and -3.75% below the 52-week low of $23.24. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.8 million shares traded. The 3-month trading volume is 3.40 million shares.

The consensus among analysts is that Equinor ASA ADR (EQNR) is Hold stock at the moment, with a recommendation rating of 2.14. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 5 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.82.

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Equinor ASA ADR (NYSE:EQNR) trade information

Sporting -5.12% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the EQNR stock price touched $22.40 or saw a rise of 7.44%. Year-to-date, Equinor ASA ADR shares have moved -25.68%, while the 5-day performance has seen it change -8.87%. Over the past 30 days, the shares of Equinor ASA ADR (NYSE:EQNR) have changed -11.74%. Short interest in the company has seen 10.1 million shares shorted with days to cover at 2.64.

Wall Street analysts have a consensus price target for the stock at $82.5, which means that the shares’ value could jump 72.85% from the levels at last check today.. The projected low price target is $82.5 while the price target rests at a high of $82.5. In that case, then, we find that the latest price level in today’s session is -268.3% off the targeted high while a plunge would see the stock gain -268.3% from the levels at last check today..

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 -18.36% over the past 6 months, with this year growth rate of -4.96%, compared to -16.30% for the industry. Revenue growth from the last financial year stood is estimated to be -16.90%.

1 analysts offering their estimates for the company have set an average revenue estimate of 24.4B for the current quarter.

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 -3.00% while over the next 5 years, the company’s earnings are expected to increase by 1.39%.

EQNR Dividends

Equinor ASA ADR is expected to release its next earnings report on 2025-Feb-05 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.27 at a share yield of 5.69%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.73%.

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

The top two institutional holders are FOLKETRYGDFONDET with over 111.18 million shares worth more than $3.18 billion. As of 2024-06-30, FOLKETRYGDFONDET held 3.7842% of shares outstanding.

The other major institutional holder is FMR LLC, with the holding of over 15.67 million shares as of 2024-06-30. The firm’s total holdings are worth over $447.45 million and represent 0.5333% of shares outstanding.