Recent exceptional negative changes in investment behavior have affected Equinor ASA (NYSE: EQNR): the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Equinor ASA (NYSE: EQNR) suffers from notable negative changes in fundamentals: 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
EQNR’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Equinor ASA has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Equinor ASA has a good Power Rating of 81 and a very high Appreciation Score of 96, producing the Highest Value Trend Rating.
Recent Price Action
Equinor ASA (NYSE: EQNR) stock increased 1.6% on 1/12/24. The shares closed at $30.52. NORMAL trading volume accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -5.0% during the last week.
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