Equinor stock slips as analyst targets diverge

Published on 09/23/2026 at 13:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Equinor stock traded at NOK 416.70 on September 22, 2026, near its NOK 426.00 yearly high. Santander set a NOK 425 target, while Bank of America turned positive.

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 (NO0010096985) traded at NOK 416.70 on the Oslo Stock Exchange on September 22, 2026, leaving the stock 2.19 percent below its 52-week high of NOK 426.00. The market capitalization stood at NOK 987.975 billion, giving the oil and gas producer a substantial valuation anchor.

Analyst targets split

According to Zonebourse on September 22, 2026, Santander cut its recommendation from Outperform to Neutral and set a price target of NOK 425. That target was NOK 8.30 above the quoted price, equivalent to 1.99 percent.

A separate September 22, 2026 report cited Bank of America raising Equinor from Neutral to Buy with a USD 49.00 price objective. The opposing signals matter because the Norwegian listing was already close to its yearly peak, while the target levels imply different views on the durability of the recent rerating.

Stock near yearly high

Equinor traded between NOK 410.40 and NOK 416.70 during the September 22, 2026 session, with volume of 427,379 shares. Its 52-week range was NOK 226.40 to NOK 426.00, and the stock was up 75.82 percent year to date as of that session.

The market data place the current quote only NOK 9.30 below the yearly high, but NOK 190.30 above the yearly low. For investors, that spread makes the analyst disagreement more relevant than a simple directional headline: Santander's NOK 425 target sits close to the existing peak, while the cited USD 49.00 objective reflects a separate US-market reference.

Reported figures set the baseline

Yahoo Finance listed Equinor's Q2 FY26 revenue at USD 35.18 billion and earnings at USD 4.85 billion on September 23, 2026. The displayed profit margin was 13.78 percent, while the earnings figure was shown at USD 1.33 compared with a USD 1.38 estimate.

That comparison indicates a USD 0.05 shortfall against the displayed quarterly earnings estimate for Q2 FY26. The combination of a high year-to-date share price, a near-peak valuation and a modest estimate miss leaves the next reported operating update as an important reference point for the stock.

Equinor stock closes near peak

Equinor stock stood at NOK 416.70 on the Oslo Stock Exchange on September 22, 2026. The quote was 2.19 percent below the NOK 426.00 52-week high, with market capitalization of NOK 987.975 billion.