Recent notable negative changes in fundamentals have impacted Equinor ASA (NYSE: EQNR): significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, and the consensus estimate for December, 2024 decreased significantly.
Recent meaningful negative changes in investment behavior have impacted Equinor ASA (NYSE: EQNR): negative upside/downside volume developed.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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 (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Equinor ASA has a good Appreciation Score of 71 but a slightly negative Power Rating of 36, triggering the Neutral Value Trend Rating.
Recent Price Action
Equinor ASA (NYSE: EQNR) stock declined modestly by -2.0% on 9/10/24. The stock closed at $24.46. Moreover, this decline was accompanied by above average trading volume at 130% of normal. The stock has been weak relative to the market over the last nine months and has declined -9.0% during the last week.
Be the first to comment