Equinor ASA's stock rose 3.02% and reached a 20-day high amid a challenging market, with the Nasdaq-100 down 1.66% and the S&P 500 down 0.96%.
The company secured 35 new production licenses in Norway, enhancing its exploration capabilities significantly. This includes 21 licenses in the North Sea, 10 in the Norwegian Sea, and 4 in the Barents Sea. Equinor plans to drill between 20 and 30 exploration wells annually, aiming to advance six to eight subsea developments each year through 2035. This strategic move is crucial for maintaining production levels and ensuring stable energy deliveries to Europe, especially as existing production is expected to decline in the coming years.
The acquisition of these licenses positions Equinor favorably for future growth, reinforcing its role as a leading energy supplier in Europe. The company's proactive approach to securing new resources is essential for meeting its long-term production goals and mitigating anticipated declines in output.
Wall Street analysts forecast EQNR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for EQNR is 23.89 USD with a low forecast of 22.00 USD and a high forecast of 25.79 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast EQNR stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for EQNR is 23.89 USD with a low forecast of 22.00 USD and a high forecast of 25.79 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Buy
1 Hold
0 Sell
Moderate Buy
Current: 25.630
Low
22.00
Averages
23.89
High
25.79
Current: 25.630
Low
22.00
Averages
23.89
High
25.79
Jefferies
NULL -> Hold
initiated
$220
2026-01-07
Reason
Jefferies
Price Target
$220
AI Analysis
2026-01-07
initiated
NULL -> Hold
Reason
Jefferies reinstated coverage of Equinor with a Hold rating and NOK 220 price target.
Morgan Stanley
Morgan Stanley
Underweight
downgrade
2026-01-06
Reason
Morgan Stanley
Morgan Stanley
Price Target
2026-01-06
downgrade
Underweight
Reason
Morgan Stanley lowered the firm's price target on Equinor to NOK 214 from NOK 231 and keeps an Underweight rating on the shares.
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JPMorgan
NULL -> Underweight
downgrade
2025-12-05
Reason
JPMorgan
Price Target
2025-12-05
downgrade
NULL -> Underweight
Reason
JPMorgan lowered the firm's price target on Equinor to NOK 220 from NOK 240 and keeps an Underweight rating on the shares.
Barclays
Equal Weight -> Underweight
downgrade
2025-10-31
Reason
Barclays
Price Target
2025-10-31
downgrade
Equal Weight -> Underweight
Reason
Barclays downgraded Equinor to Underweight from Equal Weight with a price target of NOK 230, down from NOK 325. The firm upgraded Galp and downgraded Equinor on "diverging 2026 capital frameworks and operational trajectories." It sees Galp entering an upstream growth phase supported by a disciplined capex plan, and believes Equinor faces elevated execution risk in renewables alongside stretched distribution capacity.
About EQNR
Equinor ASA, formerly Statoil ASA is a Norway-based international energy company. The Company’s purpose is to turn natural resources into energy. Equinor sells crude oil and delivers natural gas to the European market. It is also engaged in processing, refining, offshore wind and carbon capture and storage activities. Equinor ASA has five reporting segments: Exploration & Production Norway (E&P Norway), Exploration & Production International (E&P International), Exploration & Production USA (E&P USA), Marketing, Midstream & Processing (MMP) and Renewables (REN). The Company has several subsidiaries such as Equinor Nigeria Energy Company Ltd, Equinor Wind Power AS, Equinor International Netherlands BV and Equinor Brasil Energia Ltda.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
