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NYSE: EQNR
Equinor ASA
Energy · Oil & Gas Integrated
Market Cap
$104.24B
52w High
$42.06
52w Low
$21.41
P/E
20.35
Volume
7.53M
Outstanding Shares
2.53B
Price vs Fundamentals
Why The Stock Is Moving
Momentum disconnected from fundamentalsModerate confidence
1Y Price: 58.34%Revenue (TTM): 3.21%FCF (TTM): -26.28%P/FCF: 69th pct
What changed
The stock rose 58.34% over the last year. Revenue grew 3.21% over the trailing twelve months. Operating margin moved from 30.17% to 24.5%. Free cash flow declined 26.28% over the trailing twelve months.
What the market seems to be pricing
The stock is rising despite deteriorating fundamentals and now sits at the 69th percentile of its historical P/FCF range. This is a momentum-driven move — the market may be front-running a recovery that has not yet appeared in reported numbers.
What would invalidate this read
Operating margin (currently 24.5%) would need to stabilize or improve to justify the move. This read is wrong if the next period shows operating metrics turning the corner. At that point the price would be anticipating real improvement rather than running ahead of it.
Company profile
Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, and other forms of energy in Norway and internationally.
CEOAnders Opedal
SectorEnergy
IndustryOil & Gas Integrated
Employees24,126
IPO dateJun 18, 2001
Valuation
Forward P/E—
EV/EBITDA2.46
Enterprise value$89.68B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth-4.79%
Gross margin26.84%▼35.45%vs FY2024
Operating margin25.7%▼14.82%vs FY2024
ROE12.51%▼39.83%vs FY2024
Analyst consensus
RatingHold
Target price$82.50▲100.63%
7
Buy
13
Hold
3
Sell
⚠ Analyst ratings tend to be lagging indicators — upgrades often follow price gains rather than precede them. Use as one signal among many.
Earnings
Last 3 reported quarters plus the next estimate. Switch into compare mode to inspect one metric year-over-year.
Next report
Apr 29, 2026
View
EPS
Actual vs estimate by quarter
Q3FY25
ActualEst.
$0.64
$0.66
Q4FY25
ActualEst.
$0.37
$0.57
Q1FY26
ActualEst.
$0.81
$0.60
Q2FY26
Next Est.
—
Revenue
Actual vs estimate by quarter
Q3FY25
ActualEst.
$25.29B
$23.26B
Q4FY25
ActualEst.
$26.02B
$21.36B
Q1FY26
ActualEst.
$25.3B
$22.06B
Q2FY26
Next Est.
—