Equinor ASA ADR (NYSE: EQNR) has a price-to-earnings ratio of 8.51x that is above its average ratio. Additionally, the 36-month beta value for EQNR is 0.82. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for EQNR is 2.96B and currently, short sellers hold a 0.41% ratio of that float. The average trading volume of EQNR on May 06, 2024 was 3.98M shares.
EQNR) stock’s latest price update
The stock price of Equinor ASA ADR (NYSE: EQNR) has surged by 1.56 when compared to previous closing price of 26.99, but the company has seen a -1.01% decline in its stock price over the last five trading sessions. Reuters reported 2024-05-02 that Equinor has signed a long-term deal with engineering companies to help drive down the cost of developing two offshore oil discoveries that were previously postponed, the Norwegian energy group said on Thursday.
EQNR’s Market Performance
Equinor ASA ADR (EQNR) has seen a -1.01% fall in stock performance for the week, with a -1.83% decline in the past month and a -0.96% plunge in the past quarter. The volatility ratio for the week is 1.72%, and the volatility levels for the past 30 days are at 1.76% for EQNR. The simple moving average for the past 20 days is -0.30% for EQNR’s stock, with a -6.10% simple moving average for the past 200 days.
Analysts’ Opinion of EQNR
Many brokerage firms have already submitted their reports for EQNR stocks, with TD Cowen repeating the rating for EQNR by listing it as a “Hold.” The predicted price for EQNR in the upcoming period, according to TD Cowen is $30 based on the research report published on April 26, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see EQNR reach a price target of $28. The rating they have provided for EQNR stocks is “Hold” according to the report published on April 24th, 2024.
Morgan Stanley gave a rating of “Equal-Weight” to EQNR, setting the target price at $28.50 in the report published on February 20th of the current year.
EQNR Trading at 2.65% from the 50-Day Moving Average
After a stumble in the market that brought EQNR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -17.71% of loss for the given period.
Volatility was left at 1.76%, however, over the last 30 days, the volatility rate increased by 1.72%, as shares sank -2.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.57% upper at present.
During the last 5 trading sessions, EQNR fell by -1.01%, which changed the moving average for the period of 200-days by -8.91% in comparison to the 20-day moving average, which settled at $27.46. In addition, Equinor ASA ADR saw -11.29% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for EQNR
Current profitability levels for the company are sitting at:
- 0.3 for the present operating margin
- 0.36 for the gross margin
The net margin for Equinor ASA ADR stands at 0.09. The total capital return value is set at 0.29. Equity return is now at value 17.89, with 6.62 for asset returns.
Based on Equinor ASA ADR (EQNR), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.71. The debt to equity ratio resting at 0.53. The interest coverage ratio of the stock is 19.17.
Currently, EBITDA for the company is 46.08 billion with net debt to EBITDA at 0.45. When we switch over and look at the enterprise to sales, we see a ratio of 0.98. The receivables turnover for the company is 9.39for trailing twelve months and the total asset turnover is 0.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.88.
Conclusion
In conclusion, Equinor ASA ADR (EQNR) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
