EQNR

Energy Sector Performance: Energy stocks experienced an increase on Monday afternoon, with the NYSE Energy Sector Index rising by 0.7%.

Portfolio Access: Users are required to sign in to access their investment portfolios.

Financial Performance: Standard Lithium Corp reported a net loss of $24.7 million for Q4 2024, primarily due to a $19.7 million impairment expense related to California properties, while reducing general and administrative expenses significantly.

Strategic Developments: The company formed a partnership with Equinor for funding projects in East Texas and Southwest Arkansas, secured a $225 million DOE grant, and achieved over 99% lithium recovery from brine, indicating strong operational progress despite market uncertainties.

Equinor ASA Analyst Ratings: RBC Capital analyst Biraj Borkhataria has maintained a Hold rating on Equinor ASA with a price target of NOK300.00, while the overall analyst consensus suggests a Moderate Buy rating with an average price target of NOK320.38.

Company Financial Performance: Equinor ASA reported a quarterly revenue of NOK25.42 billion and a net profit of NOK2.28 billion for the quarter ending September 30, showing a slight decline in revenue and profit compared to the previous year.

Correction Announcement: Equinor ASA issued a correction to its March 20, 2025 stock market announcement regarding its annual report for 2024, clarifying that the balance sheet information was inadequately presented and is now complete in the attached reporting.

Financial Performance and Strategy: In 2024, Equinor reported strong financial results with an adjusted net income of USD 9.18 billion, while also emphasizing their commitment to safety, operational excellence, and progress in renewable energy and carbon capture initiatives as part of their long-term growth strategy.

Equinor's Energy Transition Plans: Equinor has announced a reduction in its energy transition targets due to challenges such as higher costs, supply chain issues, and changing political priorities, including scrapping its pledge to allocate over 50% of capital spending to renewables by 2030.

Revised Emission Goals: While maintaining its commitment to achieve net zero emissions by 2050, Equinor has adjusted its targets for reducing net carbon intensity, lowering the goal from 20% to 15%-20% by 2030 and from 40% to 30%-40% by 2035.

Stock Performance Overview: EQNR's stock has a 52-week low of $21.85 and a high of $29.32, with the last trade recorded at $25.20.

Market Insights: The article mentions other energy stocks that have recently surpassed their 200-day moving average, indicating potential market trends.

Analyst Ratings: Barclays analyst Lydia Rainforth maintains a Buy rating on Equinor ASA with a price target of NOK400.00, while J.P. Morgan also holds a Buy rating but has lowered its price target to NOK320.00.

Company Performance: Equinor ASA reported quarterly revenue of NOK25.42 billion and a net profit of NOK2.28 billion for the quarter ending September 30, showing a slight decrease in revenue and profit compared to the previous year.

Equinor ASA Share Buy-back Programme: Equinor ASA has initiated its first tranche of the 2025 share buy-back programme, purchasing a total of 2,250,000 shares from February 24 to February 28, 2025, at an average price of NOK 256.9757 per share.

Total Shares Owned: Following these transactions, Equinor ASA now owns 76,882,718 shares, representing 2.75% of its share capital, with 69,206,027 shares corresponding to 2.48% when excluding shares under its savings programme.

Equinor ASA Share Buy-Back Program: Equinor ASA has initiated its first tranche of the 2025 share buy-back program, purchasing a total of 2,500,000 shares from February 17 to February 21, 2025, at an average price of NOK 256.4310 per share.

Total Shares Owned: Following these transactions, Equinor ASA now owns 74,632,718 shares, representing 2.67% of its share capital, with a total accumulated buy-back of 5,800,000 shares valued at approximately NOK 1.53 billion.

Equinor's Asset Sale: Equinor is seeking to sell its onshore assets in Argentina's Vaca Muerta region, specifically a 30% stake in the Bandurria Sur licence and a 50% stake in Bajo del Toro Norte, with an estimated value of around $1.3 billion.

Current Stakeholders: YPF holds significant stakes in both licences and has the right of first refusal, while Shell also has a stake in Bandurria Sur; the region is known for its substantial shale gas and oil reserves.

Correction Announcement: A correction has been issued regarding the stock market announcement from 24 October 2024, clarifying that the correct date for announcing the cash dividend per share in NOK is 20 February 2025.

Dividend Details: Equinor ASA will pay a total cash dividend of $0.70 per share (ordinary and extraordinary) with key dates including the last day including rights on 12 February 2025 and payment date on 28 February 2025.

Active Option Classes: Notable active option classes include stocks from Century Aluminum, Sony Group, CommScope, Equinor, Crocs, Himax, Zoom Video Communications, Intel, Deere, and Baidu.

Investment Insights: TipRanks offers a Smart Score tool to help investors identify top-performing stocks and track their portfolio against Wall Street analysts' recommendations.

Equinor ASA Dividend Announcement: Equinor ASA shares will be traded on the Oslo Stock Exchange starting today, with a cash dividend of $0.35 for both ordinary and extraordinary dividends.

Ex-Dividend Date: The ex-dividend date is set for February 13, 2025, in compliance with Norwegian Securities Trading Act requirements.

HSBC Upgrade: HSBC has upgraded Equinor (EQNR) from Hold to Buy with a price target of DKK 320.

Market Insights: The article emphasizes the importance of data-driven tools like TipRanks' Smart Score for making informed investment decisions and monitoring stock performance against analyst recommendations.

NASDAQ 100 Pre-Market Performance: The NASDAQ 100 is up 163.83 points to 21,655.14 with a total pre-market volume of 137,082,244 shares traded, highlighting active stocks like Patriot National Bancorp Inc. (PNBK) and BigBear.ai, Inc. (BBAI).

Stock Highlights: Key performers include NVIDIA Corporation (NVDA) with a "buy" recommendation, Super Micro Computer, Inc. (SMCI) set to report earnings soon, and Ford Motor Company (F) reaching a 52-week high, while D-Wave Quantum Inc. (QBTS) remains stable with a "buy" rating.

Share Allocation Announcement: Equinor has allocated bonus shares to certain primary insiders and their close associates under its share savings plan on February 7, 2025.

Regulatory Compliance: The allocation is subject to disclosure obligations as per the EU Market Regulation and Norwegian Securities Trading Act.

Equinor ASA Analyst Ratings: RBC Capital analyst Biraj Borkhataria maintained a Hold rating on Equinor ASA with a price target of NOK300.00, while UBS also issued a Hold rating; however, Barclays upgraded the stock to Buy.

Analyst Performance and Market Data: Borkhataria has a 3-star rating with an average return of 2.6% and a success rate of 52.40%, while Equinor ASA's current market cap is NOK728.3B with a P/E ratio of 7.95.

Equinor ASA Ratings: Bertrand Hodee from Kepler Capital maintains a Hold rating on Equinor ASA with a price target of NOK300.00, while UBS also issued a Hold rating; however, Danske Bank upgraded the stock to Buy.

Market Performance: Equinor ASA has a market cap of NOK728.3B and a P/E ratio of 7.95, with multiple recent upgrades to Buy from various banks including DZ Bank and Nordea.

Keir Starmer's Position on Oil Development: Sir Keir Starmer has indicated support for the Rosebank oil field development in the North Sea, despite internal Cabinet opposition and previous climate concerns raised by the Energy Secretary Ed Miliband.

Equinor's Investment Concerns: Equinor's CEO emphasized the importance of proceeding with the Rosebank project to maintain the UK's reputation as a reliable investment destination, following a court ruling that requires reapplication for its license.

Government's Stance on Oil and Gas Development: British Prime Minister Keir Starmer indicated that his administration will not obstruct the development of the Rosebank oil and gas field, despite previous court rulings against it, affirming that existing licenses will be respected.

Tension Between Energy Production and Climate Concerns: The Rosebank project, crucial for the UK's energy future, highlights the ongoing conflict between fossil fuel production and environmental activism, as the government balances energy needs with climate change commitments.