|Bid||23.32 x 2200|
|Ask||23.33 x 1400|
|Day's Range||23.21 - 23.44|
|52 Week Range||19.95 - 28.93|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||10.30|
|Forward Dividend & Yield||1.04 (4.73%)|
|1y Target Est||25.67|
Equinor's Aasta Hansteen gas field in the Norwegian Sea, which was shut on April 8 due to a gas leak, is expected to restart production on Wednesday, gas system operator Gassco said on Tuesday. The Equinor-operated field which can produce up to 23 million cubic metres of gas per day is expected to operate at about half of its capacity on Wednesday, Gassco said on its website.
Warning! GuruFocus has detected 1 Warning Sign with EQNR. The following stocks have a price-earnings ratio, which is the inverse of the earnings yield, of less than 11.3 as of April 12. Further, the selected stocks have a good financial situation mainly resulting from the return-on-invested-capital ratio topping the weighted-average-cost-of-capital ratio by more than 500 basis points, a total debt-equity ratio of less than 1 and a high interest coverage ratio.
The operator of the Mariner heavy oil field, one of Britain's largest offshore developments in years, postponed its start-up to summer 2019 on Wednesday for safety checks on the platform's electrical couplings. The latest, pushing the expected launch back from the first to the second half of this year, follows a decision taken in November by Norwegian operator Equinor to inspect all of Mariner's 40,000 couplings. Initial tests showed the couplings' failure rate was too high, Equinor's vice president for major projects, Morten Ruth, told Reuters on Wednesday.
Production at Equinor's Aasta Hansteen gas field remained shut on Tuesday after a gas leak the previous day. The Equinor-operated field in the Norwegian Sea has capacity of up to 23.2 million cubic metres of gas per day. Equinor's partners in the field are OMV, Wintershall and ConocoPhillips.
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The divestment plans of Murphy Oil (MUR) are in sync with the company's intention to expand operations in oil-rich Eagle Ford Shale and the Gulf of Mexico.
The U.S. Energy Information Administration said crude stockpiles grew by 2.8 million barrels last week. The increase, which topped industry and analyst estimates, was blamed in part on a closure of the Houston Ship Channel that’s disrupted American exports. “It’s a little bigger build than everybody thought we’d get," said Rob Thummel, managing director at Tortoise, a Kansas-based money manager.
Is Equinor ASA (NYSE:EQNR) a good investment right now? We check hedge fund and billionaire investor sentiment before delving into hours of research. Hedge funds spend millions of dollars on Ivy League graduates, expert networks, and get tips from investment bankers and industry insiders. Sure they sometimes fail miserably but historically their consensus stock picks […]
Tanzania says it plans to conclude talks in September with a group of foreign oil and gas companies led by Norway's Equinor on developing a liquefied natural gas (LNG) project in the East African country. Construction of an LNG export terminal near huge offshore natural gas discoveries in deepwater south of the country has been held up for years by regulatory delays. "The government has officially decided to begin talks in early April for construction of the LNG project," Tanzania's energy ministry said in a statement issued late on Friday.
The talks are aimed at reaching a so-called Host Government Agreement, the pact that governs the rights and obligations of parties with respect to the development, construction and operation of the project. Negotiations between the government and international oil companies, which started in 2017, have so far failed to lead to a deal. The project is meant to enable the export of gas from Tanzania.
Apart from putting an end to the 'transfer-of-rights' dispute, the $10 billion payment from the Brazilian government would help Petrobras (PBR) trim its debt levels to a considerable extent.
Anti-government protests in the North African country of Algeria intensified last weekend and industry watchers are already drawing parallels with its eastern neighbor Libya
Petrobras' (PBR) committed efforts to improve production, liquidity and operational efficiency, along with its ambitious five-year plans make us optimistic of the stock.
Equinor ASA's (OB:EQNR) released its most recent earnings update in December 2018, which indicated that the company experienced a large tailwind, eventuating to a high double-digit earnings growth of 64%.Read More...
ASA said Friday that its production of renewable energy rose in 2018, while its carbon intensity was unchanged from 2017, in line with the company target. The Norwegian energy firm increased its production of renewable energy to 1,251 gigawatt hours from 830 GWh. It said it spent $500 million on new energy solutions.
Helle Oestergaard Kristiansen will replace chief executive Henrik Lind from April 1. Lind's replacement will not mean a change of strategy, Oestergaard Kristiansen told Reuters, but the firm will look into entering U.S. power trading next year. Equinor has submitted a bid to supply New York with offshore wind power from its Empire Wind project south of Long Island, the company said in February, and the state is expected to choose a supplier in spring this year.