Equinor stock slips as buyback and analyst targets diverge

Published on 09/22/2026 at 13:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Equinor stock traded at NOK 416.70 on September 22, 2026, 2.0 percent below its 52-week high. Equinor repurchased 535,701 shares for NOK 224.7 million.

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 at 10:55 a.m. GMT+2 on September 22, 2026, down NOK 2.30, or 0.55 percent, from the previous close. The price stood 2.19 percent below the 52-week high of NOK 426.00, while the market capitalization was NOK 987.975 billion.

Buyback adds a measurable support

According to StockTitan on September 22, 2026, Equinor bought back 535,701 shares between September 14 and September 18 at an average price of NOK 419.4578. The transaction value was NOK 224.703937 million, and the cumulative third tranche reached 5,567,791 shares at an average price of NOK 393.3827.

The comparison with the market price is direct: the average buyback price was NOK 2.7578 above the September 22 intraday quote. That difference does not establish a valuation signal, but it shows that the latest repurchase tranche was executed close to the current Oslo price.

Ratings pull in different directions

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

A separate report from Ground News dated September 22, 2026 said Bank of America raised Equinor from Neutral to Buy and assigned a USD 49.00 price objective. The split between Santander's Neutral call and Bank of America's Buy view makes analyst interpretation less uniform than the share repurchase activity.

Stock remains near yearly peak

Equinor traded between NOK 410.40 and NOK 416.70 during the September 22 session, with volume of 427,379 shares and a market capitalization of NOK 987.975 billion. The stock's year-to-date gain was 75.82 percent, according to the Oslo quote data, placing the current price near the upper end of its NOK 226.40 to NOK 426.00 52-week range.

For the latest reported quarter, MarketBeat reported on September 21, 2026 that Equinor posted second-quarter 2026 EPS of USD 1.33, below the USD 1.39 consensus estimate by USD 0.06. Revenue was USD 34.02 billion versus USD 34.03 billion expected, a shortfall of USD 0.01 billion.

Equinor stock stays below NOK 426

Equinor stock was at NOK 416.70 on the Oslo Stock Exchange as of 10:55 a.m. GMT+2 on September 22, 2026. The quote was 0.55 percent lower than the prior close and 2.19 percent below the 52-week high of NOK 426.00.