Stock Rating Upgrade
The Value Trend Rating for Equinor ASA (NYSE: EQNR) improved recently from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 8/9/24, Equinor ASA (NYSE: EQNR) stock increased 1.0%, closing at $27.53. Moreover, this advance was accompanied by above average trading volume at 135% of normal. Relative to the market the stock has been weak over the last nine months but has risen 4.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 C (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Equinor ASA has a slightly positive Appreciation Score of 64 but a poor Power Rating of 28, with the Low Neutral Value Trend Rating the result.
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