Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Equinor ASA (NYSE: EQNR) weakened during the last several trading days. EQNR’s current Value Trend Rating is D and the prior Rating was C. Details supporting this lower rating are included in our next report.
Recent Price Action
Equinor ASA (NYSE: EQNR) stock closed at $26.28 on 8/1/24 after a modest decline of -1.1%. Moreover, this decline was accompanied by unusually high trading volume at 192% of normal. The stock has risen 0.9% during the last week but has been weak relative to the market over the last nine months.
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). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Equinor ASA has a slightly positive Appreciation Score of 69 but a poor Power Rating of 15, producing the Negative Value Trend Rating.
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