Equinor stock
EQNR.OLOSLEquinor ASA, EnergyISIN NO0010096985
80Score 80 out of 100, Strong
Price and trend
61 / 100
Price history
+65% in one yearThe chart shows daily closes over 20 years, adjusted for stock splits and without dividends. Click into the chart to set a price alert at that price.
Above the 200-day line: the price is 11% above it.
Since February 2026 the 50-day line has been above the 200-day line; the trend has turned up.
Sharply down: the price has fallen very quickly lately (RSI 30).
The price is 11% below its 52-week high. Largest decline in 20 years: 58% (September 2018 to March 2020).
Chart figures for advanced users
- SMA 50$43.58
- Average price of the last 50 trading days, shows the short-term trend.
- SMA 200$38.03
- Average price of the last 200 trading days, shows the long-term trend.
- RSI (14)30
- Relative strength over the last 14 days on a scale from 0 to 100. Above 70 the price counts as overheated, below 30 as sharply fallen.
- MACDbelow the signal line
- Compares a fast and a slow price average. Above its signal line momentum is rising, below it momentum is fading.
- Support$23.80
- The lowest closing price of the last twelve months.
- Resistance$47.57
- The highest closing price of the last twelve months.
Snapshot
Computed from the data by fixed rules, no AI
- Equinor ASA belongs to the Oil & Gas Integrated industry (Norway) and, with a market value of $101.2B, is number 9 of 25 companies in its industry on MEQIRI.
- In fiscal 2025 it reported revenue of $108.94B (up 12.5% year on year) and earnings of $5.19B (down 37.6%).
- MEQIRI Score 80 out of 100 (Strong): rank 8 of 266 in Energy, median 60.
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- The P/E is 8.5 (Oil & Gas Integrated median 11.3, own median of recent years 9.8).
- Our model puts fair value at $58.03, with the price 29% below it.
In plain words
The numbers on this page in plain words, written by an AI
Strengths
- Share buybacksShare count down 21% since 2020.Capital allocation 99
- High return on capitalReturn on invested capital 26.4% in fiscal 2025, Oil & Gas Integrated median 6%.Profitability 79
- Below fair valuePrice 29% below the fair value of $58.03.Valuation 93
Weaknesses
- Analysts expect falling earningsDown 19.6% a year through 2028 (estimates from 15 analysts).
Its standout strengths are capital allocation and valuation.
Daily figure as of 12 Nov 2026
How the score is calculatedScore overview
Score since yesterday from 79 to 80.
Fundamentals are strong, with stable profits and strong cash generation.
Score history
The full history of up to 20 years comes with MEQIRI Pro.
See plansCrash risk high
How well MEQIRI warnsOne of the 30% with the highest crash risk among stocks ranked 101 to 1,000.
From 2016 to 2025, 23 in 100 such stocks fell 30% or more within a year, against a group average of 15 in 100.
What drives the risk
- high price swings
- cyclical sector (energy or materials), as a group, crashed more often in the backtest
- price up very strongly over the past year
What lowers it
- solid fundamentals
Valuation
Valuation signal
Significantly undervaluedClosing price of 11 Nov 2026, used by the daily score.
In our model the price counts as cheap below $44.64 and expensive above $82.90 (uncertainty medium, based on the price swings of the past year).
The two parts of the fair value come to $60.20 (cash-flow model) and $55.85 (industry comparison), and the gap between them shows how uncertain the estimate is. The price is below both.
Calculated with a cost of equity of 8.8%. At 9.8% the fair value would be $53.75, at 7.8% it would be $64.38.
Valuation metrics
Half from the cash-flow model, half from earnings times the industry P/E (11.3).
Calculate with your own assumptionsCompany performance
This shows several years of history with an automatic assessment.
Revenue
In the twelve months to 30 Sep 2026, revenue rose 10.8% on the twelve months before. Revenue has stayed largely stable since 2006.
Margins
- Gross margin
- Operating margin
- Net margin
In fiscal 2025: gross 26%, operating 25%, net 5%. Last 12 months: net 10%.
Debt & balance sheet
latest quarterThe balance sheet is solid, with moderate debt and comfortable interest coverage.
Earnings
- Next earnings
- 4 Feb 2027in 84 days
- Last reported
- 28 Oct 2026EPS reported 11.05 (expected 12.61)below expectations
Analyst estimates
Analysts have raised their 2027 earnings estimate by 5.5% since 15 Oct 2026.
- Earnings per share
- 5.62+1.3%
- Revenue
- $126.95B+0.8%
- Earnings per share
- 4.64+5.5%
- Revenue
- $110.99B+3.5%
MEQIRI has stored the estimates since 15 Oct 2026. Until 30 days are available, the card shows the change since that day. Mean estimate according to Financial Modeling Prep. No price target and no recommendation.
Company outlook raised
Share price after the results: −1.3%Equinor raised its 2026 production guidance from around 3% to around 4% growth and now expects cash flow from operations of about $29 billion versus $25 billion previously.
“So at the Capital Markets Day, we gave a guidance for 2026 or at $25 billion and that was based on a price tag as far as I remember of $80 Irene and $15 gas, and prices are above that. We are now looking at around $29 billion in cash flow of operations based on current forward prices as such.”The outlook is not part of the score and not a recommendation to buy or sell.
From the earnings call on 28 Oct 2026 (fiscal Q3 2026), read by AI.
What happened at Equinor
The key events of the last six months from our own data. A click takes you to the matching card.
Sector comparison
266 rated companies in Energy
- This company
- 80
- Sector median
- 60
Categories against the sector median
The median is the middle value: half of the companies in the sector lie above it, half below. Categories with too few comparable companies are left out.
Competitors in Oil & Gas Integrated
The next larger and next smaller companies by market value
- TotalEnergiesTTE.PA $194.88B74
- BP p.l.c.BP $117.24B64
- Petróleo Brasileiro S.A. - PetrobrasPBR $115.47B72
- China Petroleum & Chemical600028.SS $102.22B53
- EniENI.MI $81.72B64
- Suncor EnergySU $80.67B78
- Imperial OilIMO $59.8B75
- Cenovus EnergyCVE $51.61B70
ETFs that hold Equinor
Held by 113 ETFs on Xetra. Shown per index: the ETF with the largest weight.
| ETF | Weight | Cost | Fund size |
|---|---|---|---|
| iShares MSCI Europe SRI UCITS ETF EUR (Acc)ESIE | 5.00% | 0.18% | €307.24M |
| State Street SPDR MSCI Europe Energy UCITS ETFSPYN | 4.51% | 0.18% | €575.12M |
| Franklin European Quality Dividend UCITS ETFFLXD | 3.07% | 0.25% | €681.62M |
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| iShares STOXX Europe 600 Oil & Gas UCITS ETF (DE)EXH1 | 3.05% | 0.47% | €622.97M |
| Xtrackers MSCI Nordic UCITS ETF 1DXDN0 | 1.88% | 0.30% | €1.18B |
| Fidelity Europe Quality Income UCITS ETF ACC-EURFEUQ | 1.88% | 0.30% | €75.09M |
| iShares MSCI Europe Quality Dividend Advanced UCITS ETFQDVX | 1.44% | 0.28% | €956.01M |
| iShares Edge MSCI Europe Minimum Volatility Advanced UCITS ETFMVEE | 1.43% | 0.25% | €53.16M |
Holdings as reported by the funds via FMP, excluding swap ETFs (their holdings are only collateral).
Data status and sources
- Score
- Daily value of 12 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Currency
- Amounts in US dollars, converted at the ECB reference rate of 11 Nov 2026 ($1 = NOK 9.5394)
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 9 May 2025)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.