EQNR
Equinor ASA ADR (NYSE: EQNR) reported a 93% jump in Q2 profit as oil and gas prices soared during the...
Article Summary
BUY- Equinor ASA ADR (NYSE: EQNR) reported a 93% jump in Q2 profit as oil and gas prices soared during the Middle East crisis, with adjusted operating income up 76% year over year to $3.225 billion after tax, up from $1.670 billion for the same period last year.
- Cash flow from operations surged to $9.47 billion from $2.477 billion, driven by higher production and higher liquid prices.
- Equinor ASA ADR realized European gas prices of $15.8 per million British thermal units (MMBtu), up 32% from a year earlier, and a liquids price of $97.9 per barrel, up 55%.
- Equinor's total equity production rose 3% on the year to 2.165 million barrels of oil equivalent per day thanks to rising output offshore Norway and volumes from its Adura JV with Shell in the UK and from the Bacalhau field in Brazil.
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Growth Stock Scoring Breakdown
| METRIC | VALUE | WEIGHT | ANALYSIS |
|---|---|---|---|
| Sales Growth TTM ? | -1.9% | 25% | 0.0 ptsDeclining (-1.9%) - NOT a growth stock |
| EPS Growth Next 5Y ? | 13.3% | 25% | 35.0 ptsBelow Screener (13.3%) - Modest outlook |
| Target Price Upside ? | 10.7% above | 20% | 0.0 ptsAbove Target (10.7% above) - Target: $35.30 vs Current: $39.52 |
| Gross Margin % ? | 27.5% | 15% | 40.0 ptsModerate (27.5%) - Adequate margins |
| Drawdown from 52-Wk High ? | -9.1% | 15% | 20.0 ptsBarely a Dip (-9.1%) - Near recent highs |
Disclaimer: This rating is for informational purposes only and is not financial advice.
All data sourced from Finviz.
Always conduct your own research and consult with a financial advisor before making investment decisions.
Past performance does not guarantee future results.
About EQNR
- Equinor ASA operates as an energy company in Norway and internationally.
- It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; and Renewables segments.
- The company engages in the discovery and appraisal of new resources, as well as commercial development and operation of the oil and gas portfolios; oil and gas field development, well deliveries, and sourcing; research, technology development, specialist advisory services, digitalization, IT, improvement, innovation, and ventures and future business; and developing, exploring, investing in, and operating areas within renewable energy, such as offshore wind, green hydrogen, storage solutions, and solar power.
- It is also involved in the marketing, trading, processing, and transportation of crude oil and condensate, natural gas, NGL and refined products, including refineries, terminals, and processing plant operation; power and emissions trading; development of transportation solutions for natural gas, liquids, and crude oil, including pipelines, shipping, trucking, and rail; and provision of low carbon solutions.
- The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018.
- Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.