How does EQNR's PE Ratio compare to its peers?

EQNR is good value based on its Price-To-Earnings Ratio (6.5x) compared to the peer average (9x).

How does EQNR's PE Ratio compare vs other companies in the European Oil and Gas Industry?

EQNR is good value based on its Price-To-Earnings Ratio (6.5x) compared to the European Oil and Gas industry average (8.3x).

What is EQNR's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EQNR is good value based on its Price-To-Earnings Ratio (6.5x) compared to the estimated Fair Price-To-Earnings Ratio (10.9x).

What is the Fair Price of EQNR when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

EQNR (NOK254.45) is trading above our estimate of [[fair value]] (NOK176.95)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

EQNR Stock Overview

An energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. More details

EQNR fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	3/6
Financial Health	5/6
Dividends	5/6

Rewards

Price-To-Earnings ratio (6.5x) is below the Norwegian market (11.4x)

Trading at good value compared to peers and industry

Risk Analysis

Earnings are forecast to decline by an average of 8.3% per year for the next 3 years

Profit margins (9%) are lower than last year (15.4%)

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Equinor ASA Competitors

Vår Energi

OB:VAR

NOK 84.9b

Aker BP

OB:AKRBP

NOK 134.8b

Gazprom

MISX:GAZP

₽4.7t

Petróleo Brasileiro - Petrobras

BOVESPA:PETR4

R$496.3b

Price History & Performance

Summary of share price highs, lows and changes for Equinor
Historical stock prices
Current Share Price	NOK 254.45
52 Week High	NOK 337.90
52 Week Low	NOK 247.25
Beta	0.26
1 Month Change	-6.62%
3 Month Change	-4.93%
1 Year Change	-21.71%
3 Year Change	4.54%
5 Year Change	44.33%
Change since IPO	268.77%

Insufficient Growth At Equinor ASA (OB:EQNR) Hampers Share Price

Dec 01

We Think Equinor (OB:EQNR) Is Taking Some Risk With Its Debt

Nov 13

Recent updates

Insufficient Growth At Equinor ASA (OB:EQNR) Hampers Share Price

Dec 01

We Think Equinor (OB:EQNR) Is Taking Some Risk With Its Debt

Nov 13

Equinor ASA Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Oct 26

Equinor ASA Just Recorded A 26% EPS Beat: Here's What Analysts Are Forecasting Next

Apr 27

Is Equinor (OB:EQNR) Using Too Much Debt?

Apr 10

Investors Should Be Encouraged By Equinor's (OB:EQNR) Returns On Capital

Mar 19

Little Excitement Around Equinor ASA's (OB:EQNR) Earnings

Jan 19

Shareholder Returns

	EQNR	NO Oil and Gas	NO Market
7D	-1.2%	-1.8%	-2.8%
1Y	-21.7%	-20.7%	-0.8%

Return vs Industry: EQNR matched the Norwegian Oil and Gas industry which returned -20.7% over the past year.

Return vs Market: EQNR underperformed the Norwegian Market which returned -0.8% over the past year.

Price Volatility

Is EQNR's price volatile compared to industry and market?
EQNR volatility
EQNR Average Weekly Movement	4.3%
Oil and Gas Industry Average Movement	4.9%
Market Average Movement	5.0%
10% most volatile stocks in NO Market	10.9%
10% least volatile stocks in NO Market	2.6%

Stable Share Price: EQNR has not had significant price volatility in the past 3 months compared to the Norwegian market.

Volatility Over Time: EQNR's weekly volatility (4%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1972	23,449	Anders Opedal	www.equinor.com

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments. The company also transports, processes, manufactures, markets, and trades in oil and gas commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; trades in power and emissions; operates refineries, terminals and processing, and power plants; and develops low carbon solutions for oil and gas.

Equinor ASA Fundamentals Summary

How do Equinor's earnings and revenue compare to its market cap?
EQNR fundamental statistics
Market cap	NOK 695.64b
Earnings (TTM)	NOK 106.64b
Revenue (TTM)	NOK 1.19t

6.5x

P/E Ratio

0.6x

P/S Ratio

Is EQNR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
EQNR income statement (TTM)
Revenue	US$104.81b
Cost of Revenue	US$61.76b
Gross Profit	US$43.05b
Other Expenses	US$33.64b
Earnings	US$9.41b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Feb 05, 2025

Earnings per share (EPS)	3.44
Gross Margin	41.08%
Net Profit Margin	8.98%
Debt/Equity Ratio	58.8%

How did EQNR perform over the long term?

See historical performance and comparison

Dividends

12.5%

Current Dividend Yield

43%

Payout Ratio

Does EQNR pay a reliable dividends?

See EQNR dividend history and benchmarks

When do you need to buy EQNR by to receive an upcoming dividend?
Equinor dividend dates
Ex Dividend Date	Feb 13 2025
Dividend Pay Date	Feb 28 2025
Days until Ex dividend	53 days
Days until Dividend pay date	68 days

Does EQNR pay a reliable dividends?

See EQNR dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 01:59
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Equinor ASA is covered by 61 analysts. 20 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
John A. Olaisen	ABG Sundal Collier
Robert Jan Vos	ABN AMRO Bank N.V.
Thijs Berkelder	ABN AMRO Bank N.V.

EQNR Stock Overview

Rewards

Risk Analysis

Equinor ASA Competitors

OB:VAR

NOK 84.9b

OB:AKRBP

NOK 134.8b

MISX:GAZP

₽4.7t

BOVESPA:PETR4

R$496.3b

Price History & Performance

Recent News & Updates

Insufficient Growth At Equinor ASA (OB:EQNR) Hampers Share Price

Dividend of US$0.70 announced

Equinor ASA, Annual General Meeting, May 14, 2025

Equinor ASA to Report Q3, 2025 Results on Oct 29, 2025

The Norwegian energy ministry signed an agreement to acquire remaining 53.30% stake in GASSCO from Shell, CapeOmega, ConocoPhilipps, Equinor, Hav Energy, Orlen and Silex for NOK 18.1 billion.

We Think Equinor (OB:EQNR) Is Taking Some Risk With Its Debt

Recent updates

Insufficient Growth At Equinor ASA (OB:EQNR) Hampers Share Price

Dividend of US$0.70 announced

Equinor ASA, Annual General Meeting, May 14, 2025

Equinor ASA to Report Q3, 2025 Results on Oct 29, 2025

The Norwegian energy ministry signed an agreement to acquire remaining 53.30% stake in GASSCO from Shell, CapeOmega, ConocoPhilipps, Equinor, Hav Energy, Orlen and Silex for NOK 18.1 billion.

We Think Equinor (OB:EQNR) Is Taking Some Risk With Its Debt

Upcoming dividend of US$0.70 per share

Equinor ASA Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

Third quarter 2024 earnings: EPS and revenues exceed analyst expectations

Equinor ASA Announces Extraordinary Dividend, Payable on 28 February 2025

Why The 32% Return On Capital At Equinor (OB:EQNR) Should Have Your Attention

Equinor ASA (OB:EQNR) acquired 9.80% stake in Ørsted A/S (CPSE:ORSTED).

Equinor ASA (OB:EQNR) acquired 9.80% stake in Ørsted A/S (CPSE:ORSTED).

Equinor ASA Announces Ordinary Cash Dividend for the First Quarter of 2024

Dividend of US$0.70 announced

These 4 Measures Indicate That Equinor (OB:EQNR) Is Using Debt Extensively

Upcoming dividend of US$0.70 per share

Second quarter 2024 earnings: Revenues exceed analysts expectations while EPS lags behind

Equinor ASA Announces Ordinary Cash Dividend for the Second Quarter of 2024, Payable 29 November 2024

Investors Don't See Light At End Of Equinor ASA's (OB:EQNR) Tunnel

We Like Equinor's (OB:EQNR) Returns And Here's How They're Trending

Insider recently sold kr1.0m worth of stock

PGNiG Upstream Norway AS agreed to acquire 19.5% stake in Gina Krog area from Equinor ASA (OB:EQNR).

Equinor ASA Announces Board Elections, Effective July 1, 2024

Exxon Mobil, Shell Reportedly to Weigh Bids for Galp Namibia Stake

Dividend of US$0.70 announced

Equinor ASA Approves Extraordinary Dividend for the Fourth Quarter of 2023, Payable on 28 May 2024

Upcoming dividend of US$0.70 per share

We Discuss Whether Equinor ASA's (OB:EQNR) CEO Is Due For A Pay Rise

Equinor ASA Just Recorded A 26% EPS Beat: Here's What Analysts Are Forecasting Next

First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

Equinor Asa Announces Extraordinary Cash Dividend for the First Quarter of 2024 Payable on 28 August 2024

Is Equinor (OB:EQNR) Using Too Much Debt?

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

Equinor ASA Elects Mikael Karlsson as Member of Board of Directors, Effective from 1 April 2024

Investors Should Be Encouraged By Equinor's (OB:EQNR) Returns On Capital

Equinor’s Empire Wind Project Receives Approval from Bureau of Ocean Energy Management

Consensus EPS estimates fall by 11%

Fourth quarter dividend of US$0.70 announced

Equinor ASA (OB:EQNR) announces an Equity Buyback for NOK 12,000 million worth of its shares.

New minor risk - Profit margin trend

Full year 2023 earnings: EPS in line with analyst expectations despite revenue beat

Equinor ASA Provides Production Guidance for the Year 2024

Consensus EPS estimates increase by 18%

Equinor ASA Proposes Fourth Quarter 2023 Cash Dividend, Payable on 28 May 2024

Upcoming dividend of US$0.90 per share at 12% yield

Little Excitement Around Equinor ASA's (OB:EQNR) Earnings

Now 20% undervalued

Equinor ASA to Report Q4, 2024 Results on Feb 05, 2025

Equinor ASA, Annual General Meeting, May 14, 2024

Equinor Reportedly Prepares to Sell 20% Stake in its Rosebank Oil Development in the British North Sea

Now 20% undervalued

Upcoming dividend of US$0.90 per share at 11% yield

Equinor, RWE Reportedly to Place Joint Bid in Norwegian Offshore Tender

Central Puerto S.A. (BASE:CEPU) completed the acquisition of 117-megawatt (MW) Guañizuil IIA solar power plant in Argentina from Scatec ASA (OB:SCATC) and Equinor ASA (OB:EQNR).

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Equinor ASA Declares Extraordinary Cash Dividend, Payable on 27 February 2024

Central Puerto S.A. (BASE:CEPU) reached an agreement to acquire 117-megawatt (MW) Guañizuil IIA solar power plant in Argentina from Scatec ASA (OB:SCATC) and Equinor ASA (OB:EQNR).

Shareholder Returns