Equinor ASA (EQNR) Price Target Analysis

Updated Jun 18, 2026

Analyst Rating: Hold

Based on 23 analysts

12.7% Below Target

EQNR trades 12.7% below Wall Street's consensus target of $36.50.

Current Price$32.38

Average Target$36.50

Low$36.50

Median$36.50

High$36.50

Analyst Target Range

Forward P/E6.3x

(Value)

PEG Ratio—

Implied Growth+131.5%

(High Growth)

Analyst Spread0.0%

(High Agreement)

Price Forecast (1 Year)

Last 12 months price action with 12-month analyst target path

Current$32.38

Consensus$36.50

High$36.50

Low$36.50

Consensus Scenario Assumptions

The base valuation assumes EQNR achieves its forward estimates and maintains a stable P/E multiple of 6.3x. This scenario reflects the blended consensus of 23 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.

Analyst Ratings Distribution

Breakdown of 23 published analyst recommendations for EQNR

57% hold / mixed conviction

BearishBullish

Weighted analyst sentiment score based on 23 ratings

ConsensusHold

Coverage23 Analysts

Net Score+9

Bull / Bear30% / 13%

Strong Buy00%

Buy730%

Hold1357%

Sell313%

Strong Sell00%

Strong Buy

00%

Buy

730%

Hold

1357%

Sell

313%

Strong Sell

00%

Recommendation Mix30% Buy · 57% Hold · 13% Sell

Buy (7)Hold (13)Sell (3)

EQNR Price Target Analysis

Updated June 21, 2026

As of June 21, 2026, Equinor ASA (EQNR) has a Wall Street consensus price target of $36.50, based on estimates from 23 covering analysts. With the stock currently trading at $32.38, this represents a potential upside of +12.7%. The company has a market capitalization of $82.08B.

Analyst price targets range from a low of $36.50 to a high of $36.50, representing a 0% spread in expectations. The median target of $36.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.

The current analyst consensus rating is Hold, with 7 analysts rating the stock as a Buy or Strong Buy,13 rating it Hold, and 3 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.

From a valuation perspective, EQNR trades at a trailing P/E of 16.6x and forward P/E of 6.3x. Analysts expect EPS to grow +131.5% over the next year.

Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $67.53, with bear and bull scenarios of $42.55 and $88.98 respectively. Model confidence stands at 40/100, suggesting limited visibility into future performance.

Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Energy stocks.

Analyst Sentiment Comparison

Industry Peer Analysis

Avg Peer Upside

+16.4%

Industry Consensus

Avg Forward P/E

8.4x

(Value)

Peers with Coverage

10 / 10

Active Analyst Tracking

Company	Market Cap	Price	Target	Upside Potential	Rating	Fwd P/E	Analysts
BPBP p.l.c.	$102.1B	$39.10	$42.87	+9.6%	Hold	7.4x	44
SHELShell plc	$222.2B	$78.81	$101.60	+28.9%	Buy	7.8x	13
TTETotalEnergies SE	$179.1B	$80.43	$75.67	-5.9%	Buy	7.3x	34
EEni S.p.A.	$72.0B	$48.95	$64.30	+31.4%	Hold	9.2x	26
ECEcopetrol S.A.	$34.1B	$16.58	$13.00	-21.6%	Hold	0.0x	11
XOMExxon Mobil Corporation	$584.0B	$137.81	$170.08	+23.4%	Hold	12.5x	55
CVXChevron Corporation	$346.5B	$173.63	$200.13	+15.3%	Buy	12.1x	53
COPConocoPhillips	$131.3B	$107.74	$132.92	+23.4%	Buy	10.6x	52
OXYOccidental Petroleum Corporation	$51.5B	$51.82	$62.31	+20.2%	Buy	9.3x	52
DVNDevon Energy Corporation	$26.2B	$42.12	$58.77	+39.5%	Buy	7.5x	64

EQNR — Frequently Asked Questions

Quick answers to the most common questions about buying EQNR stock.

What is the EQNR stock price target for 2026?

Equinor ASA (EQNR) has a consensus 12-month price target of $36.5, implying 12.7% upside from $32.38. The 23 analysts covering EQNR see moderate appreciation potential.

Is EQNR a buy, sell, or hold?

EQNR has a consensus rating of "Hold" based on 23 Wall Street analysts. The rating breakdown is mixed, with 13 Hold ratings making up the largest segment. The consensus 12-month price target of $36.5 implies 12.7% upside from current levels.

Is EQNR stock overvalued or undervalued?

With a forward P/E of 6.3417x, EQNR trades at a relatively low valuation. The consensus target of $36.5 implies 12.7% appreciation, suggesting meaningful undervaluation.

How high can EQNR stock go?

The most bullish Wall Street analyst has a price target of $36.5 for EQNR, while the most conservative target is $36.5. The consensus of $36.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $89 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.

How many analysts cover EQNR stock?

EQNR is well covered by analysts, with 23 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 7 have Buy ratings, 13 recommend Hold, and 3 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.

What is the EQNR stock forecast?

The 12-month EQNR stock forecast based on 23 Wall Street analysts shows a consensus price target of $36.5, with estimates ranging from $36.5 (bear case) to $36.5 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $68, with bear/bull scenarios of $43/$89.

What is EQNR's fair value based on fundamentals?

Our quantitative valuation model calculates EQNR's fair value at $68 (base case), with a bear case of $43 and bull case of $89. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 40/100.

What is EQNR's forward P/E ratio?

EQNR trades at a forward P/E ratio of 6.3x based on next-twelve-months earnings estimates compared to a trailing P/E of 16.6x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.

Should I buy EQNR stock?

Wall Street analysts are optimistic on EQNR, with a "Hold" consensus rating and $36.5 price target (12.7% upside). 7 of 23 analysts rate it Buy or Strong Buy. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.

Why do EQNR price targets vary so much?

EQNR analyst price targets range from $36.5 to $36.5, a 0% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $36.5 consensus represents the middle ground. Our model's $43-$89 range provides an independent fundamental perspective.

Consensus-Based Analysis Tools