Safety Concerns Prompt Equinor To Shut Production At Gullfaks C Platform: Report
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2024
0mins
Source: Benzinga
Production Shutdown: Equinor ASA has shut down production at its Gullfaks C platform in the North Sea due to a well control incident, leading to a reduction of gas production by 6.6 million cubic meters per day.
Financial Performance: In July, Equinor reported second-quarter adjusted revenue of $25.54 billion, exceeding expectations, while adjusted EPS of $0.84 fell slightly short of the consensus estimate.
Analyst Views on GINX
Wall Street analysts forecast GINX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GINX is USD with a low forecast of USD and a high forecast of 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.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 32.474
Low
Averages
High
Current: 32.474
Low
Averages
High
No data
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.
