The company is using extra cash to pay down debt. Which stocks are likely to thrive in today's challenging market? I suspect, in this case, there will be a permanent re-rating of the stock, and it will probably trade around its long-term average P/E. The stock trades only about 50% more expensive now than at the beginning of 2019, but free cash flow has multiplied. Equinor puts its best effort into securing safe and reliable deliveries of energy to Europe, whilst continuing to invest in the energy transition. This represents a $3.60 dividend on an annualized basis and a yield of 12.44%. The data reflects a hot jobs market, which Fed officials have cited as a reason why interest rates could stay elevated. Click to get this free reportEquinor ASA (EQNR) : Free Stock Analysis ReportTo read this article on Zacks.com click here. Based on aggregate information from My MarketBeat watchlists, some companies that other Equinor ASA investors own include Cisco Systems (CSCO), Boeing (BA), Walt Disney (DIS), Enterprise Products Partners (EPD), NVIDIA (NVDA), Pfizer (PFE), AT&T (T), Chevron (CVX), Gilead Sciences (GILD) and Verizon Communications (VZ). This represents a discount compared to its industry's average Forward P/E of 5.48. The regular dividend is currently $0.20 per quarter. Meanwhile, our latest consensus estimate is calling for revenue of $69.47 billion, up 113.05% from the prior-year quarter. 326 E 8th St #105, Sioux Falls, SD 57103 Equinor reported revenues of $36.39 billion in the last reported quarter, representing a year-over-year change of +108.4%. Elsewhere, the Dow gained 1.05%, while the tech-heavy Nasdaq added 7.84%. Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. The company beat consensus EPS estimates in each of the trailing four quarters. For the full year, our Zacks Consensus Estimates are projecting earnings of $5.56 per share and revenue of $201.08 billion, which would represent changes of +80.52% and +124.76%, respectively, from the prior year. VP of Exploration & Production Norway, Exec. It pays a dividend yield of 3.60%, putting its dividend yield in the top 25% of dividend-paying stocks. According to fastgraphs, the stock trades at a long-term average P/E of 13. Copy and paste multiple symbols separated by spaces. Equinor finished the second quarter with a net-debt-to-capital-employed ratio of just 16.4%, which is on the low end of its long-term goal of 15% to 30%. Compared . "The selloff is . For years, the company has regularly launched new buyback programs that give the share price a nice little boost. Let's compare that with current prices. Editor's Note: This article was submitted as part of Seeking Alpha's Top Ex-US Stock Pick competition, which runs through November 7. Now the key question is: Where could the stock be headed in the near term? Based on earnings estimates, Equinor ASA will have a dividend payout ratio of 18.02% next year. Click to get this free report, Equinor ASA (EQNR) : Free Stock Analysis Report. Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. VBIV Stock Movement On Thursday. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability. EQNR 312.00 NOK. Financial Statements. The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. There is no other reason why EPS should drop so much. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements. When is Equinor ASA's next earnings date? Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. JetBlue Ends Alliance With American, Chance Of Spirit Merger? The P/E ratio of Equinor ASA is 3.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 119.49. EPS of $1.56 for the same period compares with $0.49 a year ago. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. Meanwhile, the Dow gained 1.33%, and the Nasdaq, a tech-heavy index, added 0.53%. Why Stock Investors Should be . In 2001, Equinor was listed on the Oslo and New York stock exchanges with a 67% majority stake owned by the Norwegian State . Based on the current share price, this yield is over 5%. Our daily ratings and market update email newsletter. From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. Equinor ASA: Completed share capital reduction in connection with share buy-back 04/07/2023 Equinor ASA: Share buy-back 27/06/2023 . This industry currently has a Zacks Industry Rank of 37, which puts it in the top 15% of all 250+ industries. Overall, Equinor seems like a balanced dividend stock worth buying for investors that value financial discipline and are looking to generate income from their portfolios. Stocks have been losing ground in July after a strong first half of the year as continued hawkishness from central banks dampens hopes of a soft landing for the global economy. In that report, analysts expect Equinor to post earnings of $1.62 per share. In 2022, Equinor ASA's revenue was $150.81 billion, an increase of 65.86% compared to the previous year's $90.92 billion. Investors might also notice recent changes to analyst estimates for Equinor. Natural gas prices should then be about $17/MMBtu. Equinor ASA has a P/B Ratio of 1.74. EQNR's full-year Zacks Consensus Estimates are calling for earnings of $7.15 per share and revenue of $212.12 billion. Equinor is strongly focused on returning capital to stockholders. 1.32% higher than its previous close. Compared to the Zacks Consensus Estimate of $57.68 billion, the reported revenues represent a surprise of -24.35%. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. I am not receiving compensation for it (other than from Seeking Alpha). So, the company could realize lower prices for oil and gas in North America but higher prices for European gas in the next quarter. The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price. How is the global economy and, therefore, the energy demand? In the following chart, I have added three key figures. Equinor ASA has only been the subject of 1 research reports in the past 90 days. Let's break down the company's financial health to determine if it is a good buy now. Since I come from Germany and like to be prepared, I have been very busy with energy in the past months. This Is 1 of the Best Oil Stocks to Buy (and It's Not ExxonMobil), Equinor ASA (EQNR) Q3 2021 Earnings Call Transcript, Equinor's Renewable Energy Business Is Progressing, but Questions Remain. These trades make the deliveries much more inefficient and, therefore, more expensive for Europe. Get daily stock ideas from top-performing Wall Street analysts. In the latest trading session, Equinor (EQNR) closed at $36.18, marking a -0.28% move from the previous day. The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023. ETFs with the largest weight of Equinor ASA (NYSE:EQNR) stock in their portfolio include Amplify Natural Resources Dividend Income ETF (NDIV), Donoghue Forlines Yield Enhanced Real Asset ETF (DFRA), Constrained Capital ESG Orphans ETF (ORFN), Pacer Developed Markets International Cash Cows 100 ETF (ICOW), Amplify International Enhanced Dividend Income ETF (IDVO), FCF International Quality ETF (TTAI), Fidelity Blue Chip Value ETF (FBCV) and First Trust BuyWrite Income ETF (FTHI). Equinor (EQNR) closed at $36.75 in the latest trading session, marking a -0.46% move from the prior day. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. These revisions help to show the ever-changing nature of near-term business trends. is equinor a good investment is equinor a buy is equinor publicly traded Valuation is also important, so investors should note that Equinor has a Forward P/E ratio of 4.94 right now. In terms of valuation, Equinor is currently trading at a Forward P/E ratio of 5.08. On that day, Equinor is projected to report earnings of $1.62 per share, which would represent year-over-year growth of 19.12%. Compare Top Brokerages Here. 2 min read In the latest trading session, Equinor (EQNR) closed at $36.18, marking a -0.28% move from the previous day. Today, you can download 7 Best Stocks for the Next 30 Days. Equinor ASA's mailing address is FORUSBEEN 50, STAVANGER Q8, N 4035. All rights reserved. Coming into today, shares of the oil and gas company had gained 2.61% in the past month. Therefore, I always try to find stocks or whole sectors with favorable risk-reward structures. In short selling, I focus on overvalued stocks that will fall back down sooner or later. But to its credit, Equinor has done a good job improving the quality of its business to produce positive free cash flow (FCF) even at lower oil and gas prices. Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. As of June 15th, there was short interest totaling 6,890,000 shares, a decline of 18.1% from the May 31st total of 8,410,000 shares. Advanced Stock Screeners and Research Tools. Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Exec. It became clear to me that the biggest problem is not this winter, as last summer, they managed to get the storage relatively full due to flowing Russian gas supplies. Click to get this free report, Equinor ASA (EQNR) : Free Stock Analysis Report. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Energy prices fluctuate significantly and depend on factors outside of the company's control. This payout ratio is at a healthy, sustainable level, below 75%. The US unemployment rate has been at or below 4% for . The consensus earnings estimate of $6.31 for the current fiscal year indicates a year-over-year change of +104.9%.

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