One of the losers of today's trading session was Equinor. Shares of the Oil & gas integrated company plunged -2.2%, and some investors may be wondering if its price of $23.41 would make a good entry point. Here's what you should know if you are considering this investment:
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Equinor has moved -17.9% over the last year, and the S&P 500 logged a change of 12.0%
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EQNR has an average analyst rating of buy and is -7.55% away from its mean target price of $25.33 per share
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Its trailing earnings per share (EPS) is $3.16
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Equinor has a trailing 12 month Price to Earnings (P/E) ratio of 7.4 while the S&P 500 average is 29.3
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Its forward earnings per share (EPS) is $2.87 and its forward P/E ratio is 8.2
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The company has a Price to Book (P/B) ratio of 1.39 in contrast to the S&P 500's average ratio of 4.74
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Equinor is part of the Energy sector, which has an average P/E ratio of 18.35 and an average P/B of 1.6
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EQNR has reported YOY quarterly earnings growth of 5.7% and gross profit margins of 0.4%
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The company has a free cash flow of $8.45 Billion, which refers to the total sum of all its inflows and outflows of cash over the last quarter
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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. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments. The company develops carbon capture and storage projects; provides transportation solutions, including pipelines, shipping, trucking, and rail; and develops and explores for renewable energy, such as offshore wind, green hydrogen, and solar power. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.
