Equinor stock gains on higher oil and fresh analyst EPS upgrade

Published on 09/09/2026 at 22:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Equinor stock climbed to a new 12-month high on September 9, 2026, as oil above 100 dollars lifted energy shares. At the same time, AlphaValue/Baader Europe raised its 2026 EPS forecast to 5.74 dollars and kept a 382-kroner target.

Fotorealistische Offshore-Ölplattform in rauer Nordsee mit Versorgungsschiff — Equinor ASA (NO0010096985) fördert Öl und Gas auf einer typischen Offshore-Plattform in der stürmischen Nordsee, Illustration mit AI erstellt.

Equinor ASA stock (ISIN NO0010096985) extended its rally on September 9, 2026, with the shares hitting a new 12-month high near 44.86 dollars as oil prices moved back above 100 dollars per barrel and energy names outperformed.

Oil above 100 dollars lifts Equinor

Equinor is trading close to an all-time high, with one market overview reporting that the stock reached 44.86 dollars, just about 1 percent below a 52-week high of 44.33 dollars, and delivered an 89 percent year-to-date gain as of September 9, 2026, underscoring the strength of the recent move.Investing.com In parallel, another trading snapshot showed Equinor ASA American Depositary Shares at 44.37 dollars in premarket trading on September 9, 2026, up 2.26 percent, signaling follow-through buying interest into the session.PremarketPrice

On its home market in Oslo, Equinor shares also participated in the energy rally: a European market wrap noted that Equinor ASA rose 4.24 percent to 415.40 Norwegian kroner by the close on September 9, 2026, helping the Oslo OBX index finish 0.84 percent higher.Investing.com A broader European equities commentary added that Equinor rose about 3.1 percent in that session alongside other large energy names, as Brent crude moved back above 100 dollars and investors reassessed earnings power in the sector.Investing.com

Valuation signals diverge despite the rally

While the price strength is clear, not all valuation signals point in the same direction. A recent factor-based analysis showed Equinor trading at 43.39 dollars on September 8, 2026, within a 52-week range of 22.26 to 44.33 dollars and about 22.3 percent above a calculated fair value of 35.49 dollars, suggesting the shares are currently overvalued versus that benchmark.GuruFocus In contrast, a separate performance piece highlighted that even at the 44.86-dollar level and a 74.05 percent twelve-month gain, Equinor’s price-to-earnings ratio stood near 12.34 times, and one fair-value model assigned a target of 54.06 dollars, framing the stock as still undervalued within the energy group.Investing.com

Equinor also shows up prominently in deep-value screens. A large-cap value overview published on September 9, 2026, listed Equinor with an Acquirer’s Multiple of 3.2 times, placing it ahead of Petrobras at 5.1 times and APA Corporation at 5.4 times, and below 8 times for peers such as BP and Shell, which indicates a relatively low enterprise value compared with operating earnings.The Acquirer's Multiple Additionally, an equity-style analysis rated Equinor stock at a Zacks Rank of 3, or Hold, but with a Value Style Score of A and a forward price-to-earnings ratio of 8.56, reinforcing the view that, on traditional valuation metrics, the shares still screen attractively for value-oriented investors despite their strong price performance.Zacks

Analyst EPS upgrade and buyback underpin fundamentals

Fresh research on September 9, 2026, shows that analysts are lifting their profit expectations for Equinor. According to Finimize, AlphaValue/Baader Europe raised its gas and oil price assumptions, increased its 2026 to 2028 production estimates to align with Equinor’s guidance, and lifted its earnings-per-share forecast for 2026 to 5.74 dollars from 5.11 dollars, while the 2027 EPS forecast rose to 5.15 dollars from 4.04 dollars. That EPS upgrade of about 12.3 percent for 2026 and roughly 27.5 percent for 2027 illustrates how higher commodity-price expectations and volume assumptions translate into a stronger earnings profile.

Even after boosting its forecasts, AlphaValue/Baader Europe maintained a cautious stance on valuation risk: it moved its rating to reduce from sell and kept a price target of 382 Norwegian kroner, which sits below the 415.40-kroner closing price reported for Oslo trading on September 9, 2026, implying downside of around 8 percent from that local close.Finimize The same note pointed out that Equinor’s 3 billion-dollar share buyback program is shrinking the share count from an estimated 2.53 billion diluted shares in 2026 to 2.43 billion, which mechanically supports EPS growth and returns additional cash to shareholders.

Consensus data compiled by one stock portal show a more neutral stance overall: based on recent analyst reports, Equinor carries an average rating of Hold and a mean target price of 39.20 dollars on the New York listing, with individual targets spanning roughly from the low 30-dollar range to just under 40 dollars.MarketBeat In one trading-focused review, multiple analysts over the past month also rated the company at Hold, with an average target of 36.80 dollars, a high of 39.88 dollars and a low of 31.25 dollars, indicating that the latest price in the mid-40-dollar region already stands meaningfully above many published targets.Mitrade

Stock near recent high on Oslo exchange

As of September 9, 2026, Equinor’s primary listing on the Oslo Stock Exchange showed a closing price of 415.40 Norwegian kroner, representing a gain of 4.24 percent on the day and placing the shares near the upper end of their 52-week range while the Oslo OBX benchmark added 0.84 percent in the same session.Investing.com On the United States market, the Equinor ADR recently traded around 44.82 dollars after previously closing at 43.39 dollars, with intraday price action taking the ADR as high as 45.06 dollars and volume of 422,614 shares on September 9, 2026, underlining robust liquidity and interest at these levels.MarketBeat