Stock Rating Downgrade
The Value Trend Rating for Equinor ASA (NYSE: EQNR) fell significantly in recent days from B to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Equinor ASA (NYSE: EQNR) stock closed at $26.25 on 3/8/24 after an increase of 1.5%. NORMAL trading volume accompanied the advance. The stock has risen 6.6% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, EQNR is expected to continue to be a major Value Builder.
Equinor ASA has a current Value Trend Rating of D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Equinor ASA has a neutral Appreciation Score of 51 and a slightly negative Power Rating of 37, with the Negative Value Trend Rating the result.
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