Things appear to be looking up for Equinor ASA ADR (EQNR)

Equinor ASA ADR (NYSE: EQNR) is 18.36% higher on its value in year-to-date trading and has touched a low of $21.41 and a high of $27.83 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EQNR stock was last observed hovering at around $27.75 in the last trading session, with the day’s loss setting it -0.13%.

Currently trading at $27.62, the stock is 12.18% and 16.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 6.2 million and changing -0.47% at the moment leaves the stock 15.71% off its SMA200. EQNR registered 2.76% gain for a year compared to 6-month gain of 17.61%.

The stock witnessed a 17.18% loss in the last 1 month and extending the period to 3 months gives it a 11.82%, and is 11.82% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.28% over the week and 1.85% over the month.

Equinor ASA ADR (EQNR) has around 25155 employees, a market worth around $75.52B and $106.80B in sales. Current P/E ratio is 8.71 and Fwd P/E is 9.24. Profit margin for the company is 8.21%. Distance from 52-week low is 29.04% and -0.75% from its 52-week high. The company has generated returns on investments over the last 12 months (12.79%).

The EPS is expected to shrink by -8.27% this year.

Equinor ASA ADR (EQNR) Top Institutional Holders

The shares outstanding are 2.73B, and float is at 2.73B with Short Float at 0.82%.

The top institutional shareholder in the company is FOLKETRYGDFONDET with over 111.18 million shares valued at $3.18 billion. The investor’s holdings represent 3.9011% of the EQNR Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 15.67 million shares valued at $447.45 million to account for 0.5497 of the shares outstanding. The other top investors are ARROWSTREET CAPITAL, LIMITED PARTNERSHIP which holds 11.53 million shares representing 0.4045% and valued at over $329.28 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 0.2376 of the shares totaling 6.77 million with a market value of $193.38 million.