EQNR · NYSE · STOCK
Equinor ASA (EQNR) Stock Analysis
$43.01
52W $22.26 – $45.84
57/100
$102.83B
11.9
-0.73
⚠
Buy rating, but near-term risk/reward is unfavorable
The long-term recommendation is based on the composite investment score. The near-term risk/reward is based on nearby support and resistance levels. These can differ when a strong company trades close to resistance with support further below.
Is EQNR Bullish or Bearish?
Bullish.
Innellis AI committee rates Equinor ASA (EQNR) Buy with a composite score of 57/100
, based on 5 analysts with 60% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +18.47 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -1.53 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Value Analyst sees a compelling case — p/e of 11.3 is inexpensive for the broad market. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- P/E of 11.3 is inexpensive for the broad market — Value
- ROE of 21.6% shows genuine earnings power backing the valuation — Value
- Dividend yield of 8.6% pays you to wait — Value
Bear Case
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- MACD histogram negative -- bearish momentum — Technical
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
57/100
Agreement
60%
Analysts
5
Conviction
Moderate
Sector Rank
Top 61%
of 93 Energy peers
Value Analyst
bullish
70
/ 100 · Moderate confidence
Classic value case: cheap on multiples with earnings power to back it up
+ P/E of 11.3 is inexpensive for the broad market
Growth Analyst
bearish
38
/ 100 · Moderate confidence
Growth story is weak, decelerating, or inconsistent
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
neutral
48
/ 100 · High confidence
Mixed or range-bound price action
− MACD histogram negative -- bearish momentum
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
62
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 57.8 to 56.5.
- Bullish support removed: 2 signal(s) disappeared.
- New bullish signals: 1 appeared.
Analyst-level changes:
- News Analyst: score 68->62 (-6).
- Value Analyst: +1 bullish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
54.5
Neutral
MACD Histogram
-0.067
Bearish Momentum
Trend Direction
Sideways
Weekly: Uptrend
Market Structure
Mixed
Support
$34.45
Resistance
$43.45
Bollinger %B
0.52
Inside Bands
Price vs Moving Averages
EMA 9
$42.57
Above
EMA 21
$42.64
Above
EMA 50
$41.78
Above
EMA 200
$36.49
Above
Fundamental Analysis
Valuation
95
Growth
48
Profitability
45
Financial Health
59
Cash Flow
70
Valuation
P/E Ratio
11.9×
P/B Ratio
2.47×
PEG Ratio
0.55
Dividend Yield
3.48%
52W High
$45.84
52W Low
$22.26
Quality & Growth
ROE
1251.4%
ROA
384.0%
Gross Margin
3586.8%
Operating Margin
2964.7%
Revenue Growth YoY
—
Debt / Equity
0.75
AI Fundamental Assessment
P/E ratio of 11.9 (inexpensive relative to a 15-40x range); Price-to-book of 2.5x; PEG ratio of 0.6 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 12.5%; Return on assets of 3.8%; Net margin of 7.9%; Gross margin of 35.9%; Current ratio of 1.18 (tight short-term liquidity); Debt-to-equity of 0.75; Free cash flow per share is positive (3.89); Most recent quarter missed estimates by 5.9%; EPS growth decelerating (+82.7% -> -10.1% QoQ); Analyst estimates rising over recent quarters
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