Erste Group Bank Raises Earnings Estimates for Equinor ASA

Key Points

• Erste Group Bank raised Equinor’s FY2026 earnings estimate to $5.66 per share from $5.63, above the $5.60 consensus, and projected FY2027 earnings of $4.38 per share.
• Analyst sentiment remains mixed: Equinor has an average “Hold” rating and a consensus price target of $43.47, despite recent upgrades from Royal Bank of Canada and Zacks Research.
• Equinor shares opened at $48.14, near their 12-month high of $49.08, with a market capitalization of approximately $115.1 billion; institutional investors and hedge funds own 5.51% of the stock.

Equinor ASA (NYSE:EQNR - Free Report) - Investment analysts at Erste Group Bank increased their FY2026 earnings estimates for shares of Equinor ASA in a research report issued to clients and investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now expects that the company will post earnings of $5.66 per share for the year, up from their previous estimate of $5.63. The consensus estimate for Equinor ASA's current full-year earnings is $5.60 per share. Erste Group Bank also issued estimates for Equinor ASA's FY2027 earnings at $4.38 EPS.

Several other brokerages have also weighed in on EQNR. Royal Bank Of Canada upgraded Equinor ASA from an "underperform" rating to a "sector perform" rating in a research report on Thursday, July 23rd. Zacks Research upgraded Equinor ASA from a "hold" rating to a "strong-buy" rating in a research report on Friday, September 25th. Berenberg Bank reaffirmed a "hold" rating on shares of Equinor ASA in a research note on Friday, July 24th. SEB Equity Research reiterated a "sell" rating on shares of Equinor ASA in a report on Friday, October 2nd. Finally, Morningstar downgraded Equinor ASA to a "sell" rating in a research report on Thursday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $43.47.

Equinor ASA Price Performance

Equinor ASA stock opened at $48.14 on Tuesday. The company has a 50-day moving average price of $43.44 and a 200 day moving average price of $36.82. Equinor ASA has a 12-month low of $22.26 and a 12-month high of $49.08. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.56. The stock has a market cap of $115.10 billion, a P/E ratio of 12.24, a PEG ratio of 1.82 and a beta of 0.13.

Institutional Investors Weigh In On Equinor ASA

Institutional investors have recently modified their holdings of the company. DJE Kapital AG purchased a new stake in Equinor ASA during the 1st quarter worth approximately $2,913,000. Equitable Holdings Inc. acquired a new position in shares of Equinor ASA in the second quarter worth $893,000. GTS Securities LLC acquired a new position in shares of Equinor ASA in the second quarter worth $2,162,000. Gibbs Wealth Management purchased a new position in Equinor ASA in the first quarter valued at $1,189,000. Finally, XY Capital Ltd acquired a new position in Equinor ASA during the 2nd quarter worth $823,000. 5.51% of the stock is owned by institutional investors and hedge funds.

About Equinor ASA

Equinor ASA is a Norwegian energy company headquartered in Stavanger, Norway. Founded in 1972 as Den norske stats oljeselskap, the company was later known as Statoil and StatoilHydro before adopting the Equinor name in 2018. The Norwegian state remains its largest shareholder.

Equinor's core business is the exploration, development, production and marketing of oil and natural gas, with Norway's continental shelf serving as its principal operating area. The company also processes and markets energy products and supplies natural gas and crude oil to customers in Europe and other international markets.

In addition to its oil and gas operations, Equinor is developing lower-carbon energy businesses, including offshore wind, solar power, carbon capture and storage, and other renewable energy projects.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.