With 2.95 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.71 million shares. The 52-week range on EQNR shows that it touched its highest point at $28.11 and its lowest point at $21.50 during that stretch. It currently has a 1-year price target of $29.49. With its current market cap of 64.20 billion, EQNR has annualized dividend of $1.40 while the current yield stands at 5.96%. Beta for the stock currently stands at 0.77.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of EQNR was up-trending over the past week, with a rise of 2.43%, but this was down by -2.91% over a month. Three-month performance surged to 0.94% while six-month performance fell -12.50%. The stock lost -2.61% in the past year, while it has gained 0.62% so far this year. A look at the trailing 12-month EPS for EQNR yields 3.11 with Next year EPS estimates of 3.32. For the next quarter, that number is 0.86. This implies an EPS growth rate of 2.21% for this year and 0.96% for next year. EPS is expected to grow by 1.39% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 41.31%.
Float and Shares Shorts:
At present, 2.73 billion EQNR shares are outstanding with a float of 2.73 billion shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for EQNR since 5 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $3.44087 being high and $3.17929 being low. For EQNR, this leads to a yearly average estimate of $3.30002. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
