Equinor ASA (NYSE:EQNR) traded today at a new 52-week high of $22.91. This new high was reached on above average trading volume as 2.8 million shares traded hands, while the average 30-day volume is approximately 2.2 million shares.
Equinor is a Norway-based integrated oil and gas company. It has been publicly listed since 2001, but the government retains a 67% stake. Operating primarily on the Norwegian Continental Shelf, the firm produced 2.1 million barrels of oil equivalent per day in 2020 (54% oil) and ended the year with 5.3 billion barrels of proven reserves (51% oil). Operations also include oil refineries and natural gas processing, marketing, and trading.
Over the past year, Equinor ASA has traded in a range of $12.11 to $22.91 and is now at $22.77, 88% above that low.
There is potential upside of 74.4% for shares of Equinor ASA based on a current price of $22.77 and an average consensus analyst price target of $39.71.
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