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

Published on 10/20/2026 at 10:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter adjusted operating income rose 76 percent year over year to USD 11.50 billion. Equinor stock costs EUR 41.45 on October 20, 2026 in pre-market trading.

Target revision and operating figures

Nordea raised its Equinor target from NOK 400 to NOK 480 on October 19, 2026.
Troll electrification has reduced annual emissions by 330,000 tonnes since October 15, 2026.
Equinor stock was trading at EUR 41.45 at 10:30 a.m. CEST at Lang & Schwarz on October 20, 2026.
Equinor will present third-quarter results on October 28, 2026.

Pop-Art-Comic-Illustration einer Ölplattform und Windturbinen in stürmischer See — Equinor ASA (NO0010096985) erscheint als farbenfrohe Pop-Art-Comic-Szene mit Ölplattform und Windturbinen im Sturm, Illustration mit AI erstellt.

Equinor (ISIN NO0010096985) was trading at EUR 41.45 at Lang & Schwarz on October 20, 2026 at 10:30 a.m. CEST. On October 19, 2026, Nordea raised its target for Equinor from NOK 400 to NOK 480 and reiterated its Buy rating, according to MarketScreener.

Nordea lifts the valuation bar

The target change puts a higher valuation marker beside Equinor's upcoming results. MarketScreener's report identifies Nordea as the analyst house behind the move and gives both the previous and revised targets in Norwegian kroner.

The market backdrop is tied to operating execution as well as commodity exposure. A Quartr summary said adjusted operating income increased 76 percent year over year to USD 11.50 billion in the second quarter of 2026, while production grew 3 percent, according to Quartr.

What changed at Troll?

Chronology gives the operating context. On October 9, 2026, Equinor and Shell agreed that Shell would acquire a 30 percent interest in Bay du Nord; on October 13, 2026, Equinor and Eneco signed a gas agreement covering 9 TWh per year; and on October 15, 2026, Equinor announced that Troll electrification had reduced annual emissions by 330,000 tonnes, according to the company's Equinor release.

That decision also preserves production capacity. The company said the second electric export compressor on Troll C would not be installed, while the project would still deliver the planned first compressor and maintain stable gas supplies to Europe.

Which dates matter next?

Equinor's next two substantiated dates are October 28, 2026, for third-quarter results and the analyst conference, and November 13, 2026, for the ex-dividend date on the Oslo listing. Both dates appear on the company's Equinor investor page.

Stock price and investor perspective

For investors, the next test is whether the strong second-quarter operating comparison and Nordea's higher target are reflected in the third-quarter report. Equinor stock was trading at EUR 41.45 at Lang & Schwarz on October 20, 2026 at 10:30 a.m. CEST.

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