Extremely significant negative changes in Equinor ASA (NYSE: EQNR) investment behavior have recently occurred: negative upside/downside volume developed, and its shorter term price trend turned down.
Recent meaningful negative changes in fundamentals have affected Equinor ASA (NYSE: EQNR): 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 D. We would continue to 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 D (Negative). 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 66 but a poor Power Rating of 16, and the Negative Value Trend Rating results.
Recent Price Action
Equinor ASA (NYSE: EQNR) stock declined slightly by -0.5% on 7/16/24. The stock closed at $26.95. Moreover, this decline was accompanied by above average trading volume at 147% of normal. The stock has been weak relative to the market over the last nine months and has declined -3.0% during the last week.
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