Sunday, 19 September 2021 04:24 GMT

Equinor ASA: The Winning Streak Continues (EQNR)


(MENAFN - Investor Brand Network) Shares of Equinor ASA (NYSE:EQNR) traded today at $24.66, eclipsing its 52-week high. So far today approximately 1.4 million shares have been exchanged, as compared to an average 30-day volume of 2.1 million shares.

Equinor ASA share prices have moved between a 52-week high of $24.66 and a 52-week low of $12.11 and are now trading 102% above that low price at $24.45 per share.

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 2020 (54% oil) and ended the year with 5.3 billion barrels of proven reserves (51% oil). Operations also include offshore wind, oil refineries and natural gas processing, marketing, and trading.

There is potential upside of 598.8% for shares of Equinor ASA based on a current price of $24.45 and an average consensus analyst price target of $170.86.

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