Equinor (EQNR) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
TLN, SHAK and EQNR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on January 15, 2025.
EQNR, GIII and FHN made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 15, 2025.
RMR, EQNR and FHN made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 15, 2025.
Equinor looks well positioned to outperform in 2025, driven by likely higher European gas prices while exposure to weaker refining margins remains limited. Forecasted 2025 European gas prices sit ~20-30% below most recent forward prices. At forward pricing, Equinor could exceed EBIT estimates by ~11% on our estimates. By removing ~$1.2B in capex for the Rosebank field, we also believe the recent deconsolidation of its U.K. assets should improve midterm FCF and distribution capacity.
The S&P 500 is coming off of back-to-back years of 20%-plus annual gains for the first time in over 25 years. But corporate earnings haven't grown at the same rate, so many companies' valuations have become more expensive.
EQNR's Troll field delivered 42.5 bcm of gas in 2024, setting a new record and reinforcing its role in Europe's energy security.
EQNR completes its 10% stake acquisition in Orsted, strengthening its renewables portfolio and becoming its second-largest shareholder.
EQNR charters two electric hybrid tankers from Bergen Tankers, setting a new standard for low-emission shipping along the Norwegian coast.
Norwegian energy company Equinor has received an offer from the South Korean government for a fixed-price power purchase agreement for a 750-megawatt (MW) floating offshore wind project, the company said on Thursday.
EQNR and partners combine two UK wind projects, doubling capacity and cutting costs while supporting Britain's clean energy goals for 2030.
Norway's Equinor and partners have agreed to join two planned offshore wind projects in Britain into one legal entity, in a move it said would be more cost-effective and help to minimise the environmental impact.