Equinor ASA (EQNR) Stock Forecast & Price Target

$26.00

+0.67 (+2.65%)

(As of 10/1/2024 ET)

Equinor ASA - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Reduce

Based on 8 Analyst Ratings

Sell
3

Hold
4

Buy
1

Based on 8 Wall Street analysts who have issued ratings for Equinor ASA in the last 12 months, the stock has a consensus rating of "Reduce." Out of the 8 analysts, 3 have given a sell rating, 4 have given a hold rating, and 1 has given a buy rating for EQNR.

Consensus Price Target

$26.90
3.48% Upside

According to the 8 analysts' twelve-month price targets for Equinor ASA, the average price target is $26.90. The highest price target for EQNR is $28.00, while the lowest price target for EQNR is $25.80. The average price target represents a forecasted upside of 3.48% from the current price of $26.00.

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EQNR Analyst Ratings Over Time

Type	Current Forecast 10/3/23 to 10/2/24	1 Month Ago 9/3/23 to 9/2/24	3 Months Ago 7/5/23 to 7/4/24	1 Year Ago 10/3/22 to 10/3/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	7 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)
Sell	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)	3 Sell rating(s)
Consensus Price Target	$26.90	$26.90	$28.25	N/A
Forecasted Upside	3.48% Upside	0.04% Upside	-2.59% Downside	N/A
Consensus Rating	Reduce	Reduce	Reduce	Hold

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EQNR Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

EQNR Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Equinor ASA Stock vs. The Competition

Type	Equinor ASA	Oils/Energy Companies	S&P 500
Consensus Rating Score	1.75	2.60	2.50
Consensus Rating	Reduce	Moderate Buy	Hold
Predicted Upside	3.48% Upside	221.45% Upside	6.87% Upside
News Sentiment Rating	Neutral News See Recent EQNR News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/29/2024	Morgan Stanley 3 of 5 stars		Downgrade	Equal Weight ➝ Underweight	$30.50 ➝ $25.80	-4.80%
8/8/2024	UBS Group 4 of 5 stars	H. Patricot Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Sell ➝ Neutral
7/10/2024	TD Cowen 4 of 5 stars		Lower Target	Hold ➝ Hold	$30.00 ➝ $28.00	+4.36%
2/8/2024	DZ Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
12/19/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Sector Perform
12/7/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy
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11/29/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Underperform
10/5/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Sell
7/19/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Hold ➝ Sell
4/4/2023	BNP Paribas Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underperform
3/30/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating	James Hubbard Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
3/22/2023	Societe Generale Subscribe to MarketBeat All Access for the recommendation accuracy rating	Yoann Charenton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy
2/9/2023	Nordea Equity Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
2/9/2023	Pareto Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
1/19/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral ➝ Underweight
1/6/2023	DNB Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
1/3/2023	Sanford C. Bernstein Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
12/1/2022	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:15 AM ET.

Should I Buy Equinor ASA Stock? EQNR Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, September 29, 2024. Please send any questions or comments about these Equinor ASA pros and cons to contact@marketbeat.com.

Equinor ASA
Bull Case

Here are some ways that investors could benefit from investing in Equinor ASA:

Equinor ASA stock price is currently at a relatively low point, presenting a potential buying opportunity for investors looking to enter at a favorable price level.
Equinor ASA has a strong return on equity of 20.65%, indicating efficient use of shareholder funds to generate profits.
The company's revenue for the last reported quarter was $25.54 billion, surpassing analyst estimates, showcasing strong financial performance.
Equinor ASA has a diverse portfolio of investments and assets, reducing risk exposure to any single sector or market fluctuation.
Equinor ASA's P/E ratio of 8.33 suggests that the stock may be undervalued compared to its earnings potential, making it an attractive investment opportunity.

Equinor ASA
Bear Case

Investors should be bearish about investing in Equinor ASA for these reasons:

Equinor ASA's stock has experienced recent downward trends, indicating potential volatility and uncertainty in the market sentiment towards the company.
Several analysts have issued sell ratings on Equinor ASA, suggesting caution due to perceived risks or challenges facing the company.
The company recently cut its dividend, which may deter income-focused investors seeking consistent dividend payouts.
Equinor ASA's price-to-earnings-growth ratio of 3.93 may indicate that the stock is overvalued relative to its growth prospects, potentially limiting future returns.
Market analysts forecast lower earnings per share for Equinor ASA in the current fiscal year, signaling potential challenges in maintaining profitability.

EQNR Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Equinor ASA is $26.90, with a high forecast of $28.00 and a low forecast of $25.80.
: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Equinor ASA in the last year. There are currently 3 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "reduce" EQNR shares.
: According to analysts, Equinor ASA's stock has a predicted upside of 3.48% based on their 12-month stock forecasts.
: Over the previous 90 days, Equinor ASA's stock had 1 upgrade and 1 downgrade by analysts.
: Equinor ASA has been rated by research analysts at Morgan Stanley, TD Cowen, and UBS Group in the past 90 days.
: Analysts like Equinor ASA less than other "oils/energy" companies. The consensus rating for Equinor ASA is Reduce while the average consensus rating for "oils/energy" companies is Moderate Buy. Learn more on how EQNR compares to other companies.

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This page (NYSE:EQNR) was last updated on 10/2/2024 by MarketBeat.com Staff

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