Stock Rating Upgrade
In recent days the Value Trend Rating for Equinor ASA (NYSE: EQNR) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Equinor ASA (NYSE: EQNR) stock was unchanged 0.0% on 4/12/24. The shares closed at $28.22. Moreover, this flat performance was accompanied by above average trading volume at 121% of normal. The stock has been weak relative to the market over the last nine months but has risen 1.1% during the last week.
Current PriceTarget Research Rating
EQNR is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Equinor ASA has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Equinor ASA has a good Appreciation Score of 72 but a poor Power Rating of 25, with the Low Neutral Value Trend Rating the result.
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