Equinor stock: Nordea raises target for Equinor stock to NOK 480

Published on 10/23/2026 at 15:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Equinor has Q3 results scheduled for October 28, 2026. Equinor stock costs EUR 42.75 on October 23, 2026 at Lang & Schwarz.

Analyst target and reporting dates

Nordea raised its Equinor target to NOK 480 from NOK 400 on October 19, 2026.
Equinor reported USD 35.18 billion in Q2 2026 revenue.
Equinor stock costs EUR 42.75 at Lang & Schwarz on October 23, 2026 at 3:35 p.m. CEST.
Equinor is scheduled to release Q3 2026 results on October 28, 2026.

Schwarzweiß-Reportagefoto von Offshore-Arbeitern auf einer Ölplattform in der Nordsee — Equinor ASA (NO0010096985) beschäftigt Offshore-Arbeiter, dokumentarisch in Schwarzweiß auf einer rauen Nordsee-Plattform festgehalten, Illustration mit AI erstellt.

Nordea raised its Equinor target to NOK 480 from NOK 400 and reiterated its Buy rating on October 19, 2026, according to MarketScreener. The target was 9.49 percent above the Oslo price of NOK 438.40 at 9:30 a.m. on October 23, 2026. At Lang & Schwarz, Equinor stock was trading at EUR 42.75 on October 23, 2026 at 3:35 p.m. CEST.

Nordea raises its valuation bar

The analyst move gives investors a fresh valuation marker ahead of Equinor's third-quarter report. Nordea's new NOK 480 target compares with its previous NOK 400 level, while the Buy rating was retained. The target change was published on October 19, 2026, and the source also identified Equinor's Oslo listing and the NO0010096985 ISIN.

Q2 revenue reached USD 35.18 billion

Equinor's second-quarter 2026 revenue was USD 35.18 billion, up from USD 27.84 billion in the first quarter. Operating profit reached USD 12.99 billion in the second quarter, compared with USD 8.78 billion in the first quarter. These figures are reported in Equinor's investor materials dated July 22, 2026, available through Equinor.

What dates matter next?

Equinor lists October 28, 2026 for its third-quarter 2026 results and analyst conference. The investor calendar also gives November 13, 2026 as the Oslo ex-dividend date and November 25, 2026 as the next dividend payment date. The Q2 cash dividend was USD 0.39 per share.

Energy exposure shapes the comparison

Equinor operates across oil and gas, renewable power and low-carbon solutions, with its largest operating base in Norway. ExxonMobil was valued at USD 744.1 billion with a P/E of 23.25, while Shell was valued at USD 306.3 billion with a P/E of 11.85 on October 23, 2026. Those figures place Equinor's USD 115.2 billion market capitalization and P/E of 12.94 between the two larger international energy groups.

Equinor stock stays tied to the next report

The next material test is the third-quarter release, where the published calendar provides a concrete date for results and the analyst conference. Nordea's higher target and the latest quarterly revenue comparison give investors two numerical markers before that event. The stock was trading at EUR 42.75 at Lang & Schwarz on October 23, 2026 at 3:35 p.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of Equinor stock.