Equinor ASA (NYSE: EQNR). Extremely significant negative changes in investment behavior have recently occurred: negative upside/downside volume developed, and the stock fell on very heavy volume.
Important negative changes in Equinor ASA (NYSE: EQNR) fundamentals have recently occurred: significant quarterly sales deceleration occurred, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, EQNR is expected to continue to be an important Value Builder.
Equinor ASA has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Equinor ASA has a good Power Rating of 84 and a very high Appreciation Score of 96, resulting in the Highest Value Trend Rating.
Recent Price Action
On 1/10/24, Equinor ASA (NYSE: EQNR) stock declined modestly by -1.6%, closing at $30.09. Moreover, this decline was accompanied by exceptionally high trading volume at 214% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -4.4% during the last week.
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