Equinor ASA (EQNR) Analyst Ratings & Price Targets

Equinor ASA

EQNR · NYSE

Analyst Consensus

Underperform

13 analysts

$41

Current

—

Low

$38

Average

—

High

Average target implies -6.79% versus the current price.

Analyst Ratings Synthesis

Consensus is Underperform across 13 analysts, with a stated target range of low n/a to high n/a and a mean target of $38. The supplied snapshot does not identify the individual analysts, so it cannot establish which bank is most or least bullish, or how targets cluster. It also provides no rating or target revisions during the week. Published historical items show TD Cowen at Hold with a $36 target after cutting from $37, while older records show TD Cowen raising $38 to $40 and DZ Bank moving Hold to Strong Buy. The substantive disagreement is valuation versus strategic and operational strength: one report calls valuation fair after strong cash flow, while targets vary materially.

Rating Actions

No individual rating actions have been captured for EQNRyet. Consensus figures above come from Nasdaq's aggregate feed.

Rating actions are extracted from published reporting. Each row links to its source.

Research Reports

Equinor: Strategic Importance Isn't Enough At This Valuation (Downgrade)Seeking Alpha
Neutral

Links to freely available third-party research. Outlook labels are our classification of each article's stance, not a rating of our own.

Covering Firms

B OF A GLBL RES

BERENBERG BANK

EXANE BNP PARIB

GOLDMAN SACHS

JEFFERIES & CO.

JP MORGAN SECUR

MORGAN STANLEY

RBC CAPITAL

SANFORD BERNSTE

SOCIETE GENERAL

TD COWEN

UBS

ZACKS RESEARCH

Symbol: EQNR
Type: Stock
Sector: Energy
Industry: Integrated oil Companies
Country: Europe
Exchange: NYSE

Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2021 (52% oil) and ended the year with 5.4 billion barrels of proven reserves (49% oil). Operations also include offshore wind, solar, oil refineries and natural gas processing, marketing, and trading.

Key Issues

Bullish view

Equinor’s strategic role and robust Q2 2026 cash flow support the view that the company deserves a premium valuation, particularly while it maintains its capital-spending and production outlook.

Bearish view

The Seeking Alpha downgrade argues that strategic importance is not enough because valuation already reflects fair value after a 61% return from the initial Buy recommendation.

Analyst Consensus

See all

Underperform

13 analysts

$41

Current

—

Low

$38

Average

—

High

Average target implies -6.79% versus the current price.

Earnings History

BeatMissNo estimate

Equinor ASA

Analyst Consensus

Analyst Ratings Synthesis

Rating Actions

Research Reports

Covering Firms

Peers