Stock in Focus: Equinor ASA (NYSE: EQNR)

On Monday, Shares of Equinor ASA (NYSE: EQNR) showed the bullish trend with a higher momentum of 0.85% to $22.48. The company traded total volume of 1,850,652 shares as contrast to its average volume of 1.70M shares. The company has a market value of $71.92B and about 3.20B shares outstanding.

Equinor ASA (EQNR) stated third-quarter net income of $1.670B, after reporting a loss in the same period a year earlier. The Stavanger, Norway-based Company said it had profit of 50 cents per share. Earnings, adjusted for non-recurring costs, came to 60 cents per share.

The oil and gas company posted revenue of $19.140B in the period.

The Company offered net profit margin of 9.10% while its gross profit margin was 49.80%. ROE was recorded as 16.30% while beta factor was 0.93. The stock, as of recent close, has shown the weekly upbeat performance of 6.44% which was maintained at 6.19% in this year.

Grover Beam

Grover Beam has over 14 years experience in the financial services industry giving him a vast understanding of how news affects the financial markets. He is an active day trader spending the majority of her time analyzing earnings reports and watching commodities and derivatives. He has a Masters Degree in Economics from Westminster University with previous roles counting Investment Banking.

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