Equinor ASA [EQNR] is -14.11% lower this YTD. Is it still time to buy?

Equinor ASA [NYSE: EQNR] slipped around -0.5 points on Wednesday, while shares priced at $30.08 at the close of the session, down -1.64%. The company report on January 18, 2023 that Equinor ASA: Buy-back of shares to share programmes for employees.

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Please see below information about transactions made under the buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR) for shares to be used in the share-based incentive programmes for employees and management.

Date on which the buy-back programme was announced: 9 February 2022.

Equinor ASA stock is now -14.11% down from its year-to-date (YTD) trading value. EQNR Stock saw the intraday high of $30.12 and lowest of $29.55 per share. The company’s 52-week high price is 41.00, which means current price is +1.79% above from all time high which was touched on 01/03/23.

Compared to the average trading volume of 3.20M shares, EQNR reached a trading volume of 2857520 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Equinor ASA [EQNR]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EQNR shares is $40.65 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EQNR stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

JP Morgan have made an estimate for Equinor ASA shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on January 19, 2023. The new note on the price target was released on December 01, 2022, representing the official price target for Equinor ASA stock.

The Average True Range (ATR) for Equinor ASA is set at 0.89, with the Price to Sales ratio for EQNR stock in the period of the last 12 months amounting to 0.64. The Price to Book ratio for the last quarter was 2.22, with the Price to Cash per share for the same quarter was set at 14.24. Price to Free Cash Flow for EQNR in the course of the last twelve months was 3.45 with Quick ratio for the last quarter at 1.50.

How has EQNR stock performed recently?

Equinor ASA [EQNR] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.37. With this latest performance, EQNR shares dropped by -16.22% in over the last four-week period, additionally sinking by -13.52% over the last 6 months – not to mention a rise of 11.94% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EQNR stock in for the last two-week period is set at 30.36, with the RSI for the last a single of trading hit 23.93, and the three-weeks RSI is set at 32.84 for Equinor ASA [EQNR]. The present Moving Average for the last 50 days of trading for this stock 34.66, while it was recorded at 30.82 for the last single week of trading, and 35.49 for the last 200 days.

Equinor ASA [EQNR]: Deeper insight into the fundamentals

Equinor ASA’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.70.

Earnings analysis for Equinor ASA [EQNR]

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EQNR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Equinor ASA go to 5.80%.

Insider trade positions for Equinor ASA [EQNR]

There are presently around $5,398 million, or 5.50% of EQNR stock, in the hands of institutional investors. The top three institutional holders of EQNR stocks are: FOLKETRYGDFONDET with ownership of 110,952,900, which is approximately -1.375% of the company’s market cap and around 67.30% of the total institutional ownership; ARROWSTREET CAPITAL, LIMITED PARTNERSHIP, holding 9,953,447 shares of the stock with an approximate value of $299.4 million in EQNR stocks shares; and BALYASNY ASSET MANAGEMENT LLC, currently with $133.13 million in EQNR stock with ownership of nearly New of the company’s market capitalization.

Positions in Equinor ASA stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 178 institutional holders increased their position in Equinor ASA [NYSE:EQNR] by around 14,727,452 shares. Additionally, 161 investors decreased positions by around 10,969,290 shares, while 42 investors held positions by with 153,761,689 shares. The mentioned changes placed institutional holdings at 179,458,431 shares, according to the latest SEC report filing. EQNR stock had 60 new institutional investments in for a total of 9,480,309 shares, while 38 institutional investors sold positions of 2,269,818 shares during the same period.


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