Following The Money: Institution’s Growing Stake In Equinor ASA ADR (NYSE: EQNR)

Equinor ASA ADR (EQNR) concluded trading on Wednesday at a closing price of $27.10, with 3.24 million shares of worth about $87.68 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 11.63% during that period and on August 28, 2024 the price remained unchanged. Currently the company’s common shares owned by public are about 2.94B shares, out of which, 2.73B shares are available for trading.

Stock saw a price change of 0.71% in past 5 days and over the past one month there was a price change of 5.84%. Year-to-date (YTD), EQNR shares are showing a performance of -10.08% which decreased to -4.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $23.84 but also hit the highest price of $32.49 during that period. The average intraday trading volume for Equinor ASA ADR shares is 2.61 million. The stock is currently trading 1.25% above its 20-day simple moving average (SMA20), while that difference is up 0.83% for SMA50 and it goes to -1.24% lower than SMA200.

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Equinor ASA ADR (NYSE: EQNR) currently have 2.94B outstanding shares and institutions hold larger chunk of about 3.11% of that.

The stock has a current market capitalization of $74.10B and its 3Y-monthly beta is at 0.83. PE ratio of stock for trailing 12 months is 8.27, while it has posted earnings per share of $3.28 in the same period. Its PEG reads 4.14 and has Quick Ratio of 1.43 while making debt-to-equity ratio of 0.75. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EQNR, volatility over the week remained 1.32% while standing at 1.56% over the month.

Analysts are in expectations that Equinor ASA ADR (EQNR) stock would likely to be making an EPS of 0.78 in the current quarter, while forecast for next quarter EPS is 0.87 and it is 3.22 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.78 which is 0.78 at the higher side of the target for the same. Stock’s fiscal year EPS is expected to drop by -0.70% while it is estimated to decrease by -0.56% in next year. EPS is likely to shrink at an annualized rate of 2.00% for next 5-years, compared to annual growth of 11.67% made by the stock over the past 5-years.

On April 26, 2024, TD Cowen Reiterated their recommendations, while on April 24, 2024, TD Cowen Resumed their ratings for the stock with a price target of $28. Stock get an Equal-weight rating from Morgan Stanley on February 20, 2024.

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