Now trading at a price of $23.09, Equinor has moved 1.7% so far today.
Equinor returned losses of -7.4% last year, with its stock price reaching a high of $29.32 and a low of $21.85. Over the same period, the stock underperformed the S&P 500 index by -30.3%. AThe company's 50-day average price was $23.9. Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. The Large-Cap Energy company is headquartered in Stavanger, Norway. Equinor has offered a 6.3% dividend yield over the last 12 months.
Growing Revenues With No Capital Eexpenditures:
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Revenue (M) | $79,593 | $64,357 | $45,818 | $90,924 | $150,806 | $107,174 |
| Operating Margins | 25% | 14% | -7% | 37% | 52% | 33% |
| Net Margins | 9% | 3% | -12% | 9% | 19% | 11% |
| Net Income (M) | $7,538 | $1,851 | -$5,496 | $8,576 | $28,744 | $11,904 |
| Net Interest Expense (M) | -$1,263 | -$7 | -$836 | -$2,080 | -$207 | $2,114 |
| Depreciation & Amort. (M) | $9,249 | $13,204 | $9,515 | $10,432 | $8,878 | $9,373 |
| Diluted Shares (M) | 3,335 | 3,334 | 3,277 | 3,254 | 3,183 | 2,945 |
| Earnings Per Share | $2.27 | $0.55 | -$1.69 | $2.63 | $9.03 | $3.93 |
| EPS Growth | n/a | -75.77% | -407.27% | 255.62% | 243.35% | -56.48% |
| Free Cash Flow (M) | $19,694 | $13,749 | $10,386 | $28,816 | $26,525 | $14,126 |
| Total Debt (M) | $23,264 | $21,754 | $29,118 | $27,404 | $24,141 | $22,230 |
| Net Debt / EBITDA | 0.53 | 0.74 | 3.67 | 0.3 | 0.1 | 0.28 |
| Current Ratio | 1.57 | 1.27 | 1.58 | 1.59 | 1.77 | 1.71 |
Equinor has strong operating margins with a positive growth rate and positive EPS growth. Additionally, the company's financial statements display a decent current ratio of 1.71 and healthy leverage levels. Furthermore, Equinor has positive cash flows.
Equinor Is Trading Near Its Fair Value:
Equinor has a trailing twelve month P/E ratio of 7.7, compared to an average of 13.62 for the Energy sector. Based on its EPS guidance of $2.87, the company has a forward P/E ratio of 8.3. The 3.4% compound average growth rate of Equinor's historical and projected earnings per share yields a PEG ratio of 2.26. This suggests that these shares are overvalued. In contrast, the market is likely undervaluing Equinor in terms of its equity because its P/B ratio is 1.49 while the sector average is 1.86. The company's shares are currently trading -39.5% above their Graham number.
Equinor Has an Average Rating of Buy:
The 5 analysts following Equinor have set target prices ranging from $22.0 to $30.9 per share, for an average of $28.59 with a buy rating. The company is trading -19.2% away from its average target price, indicating that there is an analyst consensus of some upside potential.
Equinor has a very low short interest because 1.9% of the company's shares are sold short. Institutions own 6.3% of the company's shares, and the insider ownership rate stands at 0.0%, suggesting a small amount of insider investors. The largest shareholder is Folketrygdfondet, whose 4% stake in the company is worth $2,573,751,781.
