Lowering The 52 Week Low, Equinor ASA (NYSE:EQNR) Close At $19.95

Equinor ASA (NYSE:EQNR)

May 24th, 2019

Equinor ASA closed the day up $0.02 Friday which equals a 0.10% increase, closing at $19.95. Despite ending the day higher, Equinor ASA hit a new 52 week low of $19.63, breaking the previous low of $19.76 from earlier this month. In addition to finishing higher, trading volumes were solid at 305.00% of normal which can indicate investors see opportunities.

EQNR was outperformed by the rest of the Energy sector which went up 0.15%.

Results from 5 analysts points to the possibility that Equinor ASA might rise significantly (33.23%).

Market Sectors

The market sectors were mixed Friday with a majority of the sectors trending up. Financials saw the biggest increase of the day (0.77%), while the Consumer Staples sector saw the biggest drop (-0.40%). Information Technology has seen the biggest year-to-date gain of 17.86%.

Financials saw the biggest turn-around compared to its 5-day performance (-1.60%), as it went up by 0.77%. Utilities saw a turn-around from its 5-day performance of 2.37% trading down -0.21%.

Sector Breakdown

  • Financials, up 0.77%.
  • Materials, up 0.50%.
  • Real Estate, up 0.15%.
  • Energy, up 0.15%.
  • Consumer Discretionary, up 0.14%.
  • Healthcare, up 0.12%.
  • Industrials, up 0.05%.
  • Information Technology, up 0.05%.
  • Communication Services, up 0.01%.
  • Utilities, down -0.21%.
  • Consumer Staples, down -0.40%.

Equinor ASA Info

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments. It also transports, processes, manufactures, markets, and trades in oil and gas commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; markets and trades in electricity and emission rights; and operates refineries, processing and power plants, and terminals. In addition, the company develops wind, and carbon capture and storage projects, as well as offers other renewable energy and low-carbon energy solutions. As of December 31, 2018, it had proved oil and gas reserves of 6,175 million barrels of oil equivalent. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was founded in 1972 and is headquartered in Stavanger, Norway.

All amounts in USD unless otherwise indicated

EQNR daily update
EQNR daily update

Via UnSplash

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