
Equinor (EQNR) Stock Forecast & Price Target
Equinor (EQNR) Analyst Ratings
Bulls say
Equinor's operations on the Norwegian Continental Shelf yielded a production of 2.1 million barrels of oil equivalent per day in 2024, showcasing its significant output capacity. The company also ended the year with 6.1 billion barrels of proven reserves, highlighting robust asset strength and potential future production. Additionally, Equinor's commitment to a structured buyback program is anticipated to enhance shareholder value, while its ramp-up in global LNG exports to 109.7 million tons in the first quarter underscores its competitive position in the energy market.
Bears say
Equinor's negative outlook is influenced by expected weak LNG demand due to near-record thermal coal inventories, which may hinder revenue growth. Additionally, the company's reliance on oil leverage alongside Norway's tax structure is anticipated to lead to compressed free cash flow (FCF) and increasing gearing, making its FCF and distributions less attractive compared to peers. Furthermore, a downside scenario positing $50/barrel Brent prices by 2026 points to potential weakening in refining, chemicals, and marketing earnings, with projections referencing earnings from previous recessionary periods.
This aggregate rating is based on analysts' research of Equinor and is not a guaranteed prediction by Public.com or investment advice.
Equinor (EQNR) Analyst Forecast & Price Prediction
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