Erste Group Bank Predicts Stronger Earnings for Equinor ASA

Equinor ASA (NYSE:EQNR) – Research analysts at Erste Group Bank boosted their FY2026 earnings estimates for shares of Equinor ASA in a note issued to investors on Wednesday, October 21st. Erste Group Bank analyst H. Engel now anticipates 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.

Other analysts have also recently issued reports about the company. TD Cowen raised their price target on Equinor ASA from $38.00 to $41.00 and gave the company a “hold” rating in a research note on Monday, September 28th. SEB Equity Research reaffirmed a “sell” rating on shares of Equinor ASA in a research report on Friday, October 2nd. Morningstar downgraded Equinor ASA to a “sell” rating in a report on Thursday, July 23rd. Royal Bank Of Canada raised Equinor ASA from an “underperform” rating to a “sector perform” rating in a research report on Thursday, July 23rd. Finally, Bank of America upgraded Equinor ASA from a “neutral” rating to a “buy” rating and set a $49.00 target price for the company in a research note on Friday, September 18th. Two 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 company’s stock. Based on data from MarketBeat.com, Equinor ASA currently has an average rating of “Hold” and an average target price of $43.47.

Equinor ASA Stock Performance

Shares of EQNR stock opened at $48.14 on Tuesday. The company 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. The firm has a fifty day moving average price of $43.44 and a 200 day moving average price of $36.82. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.56. Equinor ASA has a 12 month low of $22.26 and a 12 month high of $49.08.

Institutional Investors Weigh In On Equinor ASA

Several hedge funds and other institutional investors have recently bought and sold shares of EQNR. DMC Group LLC acquired a new position in Equinor ASA in the third quarter valued at $689,000. Park Avenue Securities LLC increased its position in shares of Equinor ASA by 2.7% during the third quarter. Park Avenue Securities LLC now owns 9,341 shares of the company’s stock worth $389,000 after purchasing an additional 249 shares in the last quarter. Brucke Financial Inc. acquired a new stake in shares of Equinor ASA during the third quarter worth about $238,000. Signaturefd LLC lifted its holdings in shares of Equinor ASA by 2.0% in the 3rd quarter. Signaturefd LLC now owns 27,153 shares of the company’s stock valued at $1,130,000 after purchasing an additional 542 shares during the last quarter. Finally, Evergreen Capital Management LLC lifted its holdings in shares of Equinor ASA by 10.4% in the 3rd quarter. Evergreen Capital Management LLC now owns 17,085 shares of the company’s stock valued at $711,000 after purchasing an additional 1,613 shares during the last quarter. 5.51% of the stock is currently 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.