Equinor stock rises 2.09 percent as BofA lifts its target

Published on 09/25/2026 at 13:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Equinor stock traded at NOK 414.70 on September 24, 2026, up 2.09 percent from the prior close. BofA raised its target to NOK 465 from NOK 400.

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 (ISIN NO0010096985) stock was trading at NOK 414.70 on Oslo Bors on September 24, 2026, up 2.09 percent from the prior close of NOK 406.20. The latest analyst catalyst came on September 18, when Investing.com reported that BofA Securities upgraded Equinor from Neutral to Buy and lifted its target from NOK 400 to NOK 465.

BofA raises the valuation bar

The new target is NOK 50 above the prior target, a 16.25 percent increase. BofA linked the change to a higher European gas price outlook and raised its free cash flow estimate for Equinor by 23 percent across 2026 and 2027, according to Investing.com on September 18, 2026. The target remains above the Oslo share price, making the gas-price assumption the central variable behind the revised view.

Q2 delivered high operating income

Equinor's second-quarter 2026 results included adjusted operating income of USD 11 billion before tax and adjusted earnings per share of USD 1.33, according to Benzinga. Production reached 2,165,000 barrels of oil equivalent per day, up 3 percent from the same quarter last year, while second-quarter operating cash flow was USD 14.8 billion.

The company presented the Q2 2026 results on July 22, 2026, and its investor calendar lists the Q3 2026 results analyst conference for October 28, 2026, on the Equinor investor page. That date gives the market a defined checkpoint for testing whether production and cash generation remain on track.

Buyback activity adds support

Equinor purchased 535,701 own shares between September 14 and September 18, 2026, at an average price of NOK 419.4578 per share, according to GlobeNewswire. The accumulated third tranche reached 5,567,791 shares and NOK 2,190,272,928.71, while treasury shares represented 0.85 percent of share capital.

Stock remains below yearly high

Equinor stock was trading at NOK 414.70 on Oslo Bors on September 24, 2026, up 2.09 percent from NOK 406.20. The share price stood 1.36 percent below the 52-week high of NOK 420.40 and remained well above the 52-week low of NOK 227.00, measured on September 11, 2026.