Equinor stock: Nordea raises target from NOK 400 to NOK 480

Published on 10/22/2026 at 15:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Equinor's Q3 results are due October 28, 2026. Equinor stock costs EUR 41.92 on October 22, 2026, up 2.59 percent versus Tradegate.

Nordea target and safety figures

Nordea raised its Equinor target from NOK 400 to NOK 480 on October 19, 2026.
Equinor reported a serious incident frequency of 0.26 in the third quarter of 2026, up from 0.25.
Equinor stock costs EUR 41.92 at Lang & Schwarz on October 22, 2026 at 3:17 p.m. CEST, 2.59 percent above the Tradegate close of October 21, 2026.
Equinor will present its third-quarter results on October 28, 2026.

Aquarellmalerei eines norwegischen Fjords mit Klippen und ferner Offshore-Anlage — Equinor ASA (NO0010096985) prägt die norwegische Küste, hier als malerischer Fjord in sanfter Aquarell-Optik dargestellt, Illustration mit AI erstellt.

Equinor ASA (ISIN NO0010096985) faces a higher valuation benchmark after Nordea raised its price target from NOK 400 to NOK 480 on October 19, 2026, while reiterating its buy rating, according to MarketScreener. The new target is 10.52 percent above Equinor's Oslo Bors price of NOK 434.30 on October 21, 2026. At Lang & Schwarz, the stock was trading at EUR 41.92 on October 22, 2026 at 3:17 p.m. CEST, up 2.59 percent versus the Tradegate close of October 21, 2026 at EUR 40.86.

Safety figures add an operating signal

Equinor's latest company-specific update concerns safety rather than earnings. In its third-quarter 2026 report dated October 21, 2026, Equinor reported a serious incident frequency of 0.26 per million hours worked, up from 0.25 in the second quarter. The total recordable injury frequency reached 3.1 over the last 12 months, compared with 2.8 in the previous quarter.

The same update recorded nine serious oil and gas leaks over the last 12 months, up from five in the second quarter. These figures do not change the target valuation directly, but they provide a measurable operating risk indicator ahead of the financial release.

What date matters for investors?

Equinor will present its third-quarter 2026 results on October 28, 2026. The date is confirmed in the company's October 7 investor notice, which states that the quarterly results will be presented that day, according to Equinor.

The investor page also lists a third-quarter analyst conference from 11:30 a.m. to 12:30 p.m. CET on October 28, 2026. The results will determine whether the higher NOK 480 target is supported by reported earnings and production figures.

Price and valuation in euros

Equinor's market capitalization was USD 111.6 billion on October 21, 2026, with a price-to-earnings ratio of 12.78 and a dividend yield of 3.00 percent. The Oslo listing remains the home-market reference for the NOK target, while the German quote provides the euro perspective for investors in Germany.

Equinor stock has therefore combined a stronger analyst valuation marker with a measurable rise in the euro quote. The next scheduled company figure is the third-quarter report on October 28, 2026.

Tradegate comparison

The stock was trading at EUR 41.92 at Lang & Schwarz on October 22, 2026 at 3:17 p.m. CEST, 2.59 percent above the Tradegate close of October 21, 2026 at EUR 40.86. The further course of trading is shown by the continuously updated real-time quote of Equinor stock.