Insider buying last 90 days
No open-market insider purchases were filed for EQNR in the last 90 days.
From Form 4 filings, dated to when each was filed.
Equinor's week centers on Q3 results and a raised production outlook, alongside a notable exploration update. The company lifted its 2026 production growth outlook to 4% on strong operations and refining performance, even as the quarter showed an earnings and revenue miss, with adjusted operating income of $12.4 billion before tax and cash flow from operations of $8.1 billion. Separately, Equinor raised its estimated recoverable gas volumes at the Afrodite discovery in the Norwegian North Sea, with potential estimates between 77 and 180 MMBoe. The company also continued its 2026 buyback program, including a fourth tranche, and flagged first power expected from the Empire Wind project in H1 2027.
EQNR closed at $42.80, down 6.2%, sitting between its 50-day average of $44.18 and 200-day average of $37.88. The GekkoIndex reads 62.2, placing the stock in the Accumulation zone, up 13.1 over five periods. Gekko Fair Value stands at $74.84, leaving price 42.8% below that level.
The next earnings date falls on 3 February 2027, 90 days out and beyond a typical 20-trading-day swing window. Smart-money and options data show no insider, Congress, or unusual options activity in their respective windows. Seasonality skews unfavorable here, with the next 20 trading days averaging -2.5% over five years, positive in just 1 of those years. Analyst views are split, with 5 firms covering the stock, 1 buy, 2 hold, and 2 sell, and a consensus target of $40.71.
Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.
Equinor scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.
Six things swing traders check before a 20-day hold, read from the latest data.
3 supportive1 mixed1 headwind
Averages disagree
Close $42.80 sits between the 50-day ($44.18) and 200-day ($37.88) averages, or the averages disagree.
See the chart62.2, Accumulation
Reading 62.2 is in the Accumulation zone.
See the GekkoIndex42.8% below
Price is 42.8% below Gekko Fair Value (more than 5% below).
See fair valueNo data
No insider, Congress or unusual options activity in the window.
See smart moneyReports in 90 days
Next report Feb 3, 2027, 90 days away — outside a typical 20-trading-day hold.
See earnings−2.5% on average
From this point in the calendar, the next 20 trading days averaged −2.5% over 5 years, rising in 1 of them.
See seasonalityA description of current data, not a recommendation. How this page works
Equinor closed at $42.80 on Nov 4, 2026, +78.4% over the past year, inside a 52-week range of $22.26 to $49.08.
Use the left and right arrow keys to read daily values.
Put EQNR on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.
Equinor works in the energy field, active both inside Norway and abroad. Its business spans finding and assessing new oil and gas resources, bringing fields into production, and handling the wells and supply work that go with them. Alongside this, the company builds out renewable energy activities, including offshore wind, green hydrogen, storage, and solar.
The company is structured into separate segments covering exploration and production in Norway, international markets, and the United States, along with a marketing, midstream and processing arm and a renewables division. Beyond producing oil and gas, it markets, trades, and moves crude oil, condensate, natural gas, NGLs and refined products, running refineries, terminals and processing plants. It also trades power and emissions, builds transport infrastructure such as pipelines and shipping and rail links for gas and liquids, and offers services aimed at reducing carbon output.
Equinor is headquartered in Stavanger, Norway, and traces its incorporation back to 1972; it was previously named Statoil ASA before adopting its current name in 2018. Its shares trade under the ticker EQNR.
Equinor’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 62.2, in the Accumulation zone, up 13.1 points over five sessions.
Up 13.1 points over five sessions, from the Neutral zone.
Reading for Nov 4, 2026
| Zone | Readings | 5 days | 20 days | ||
|---|---|---|---|---|---|
| Buying | 22 | +1.7% | +12.2% | ||
| Accumulation (current zone) | 216 | +1.0% | +3.0% | ||
| Neutral | 379 | +0.1% | +0.6% | ||
| Distribution | 33 | +2.2% | +4.7% | ||
| Selling | 0 | Not available | |||
Average EQNR share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.0% over 20 days. Past behaviour doesn’t guarantee future results.
Accumulation zone: Institutional interest building. About the five zones →
Equinor trades 42.8% below Gekko Fair Value of $74.84, so the shares are undervalued on Gekko’s estimate.
Gekko’s own estimate of what Equinor shares are worth, recalculated every trading day.
$74.84
Gekko Fair Value, Nov 4, 2026
42.8% Undervalued
At the end of Aug 2026 the price was 19.5% above the estimate.
No open-market insider purchases were filed for Equinor, and no Congress trades were disclosed, in the last 90 days.
Plus buybacks, unusual options and fund positions, each dated to when it became public.
No open-market insider purchases were filed for EQNR in the last 90 days.
From Form 4 filings, dated to when each was filed.
No trades in EQNR were disclosed by members of Congress in the last 90 days.
From congressional disclosures, which report amounts as ranges.
Equinor has been buying back its own shares.
From company filings.
Equinor reports on Feb 3, 2027 (90 days away), and beat the EPS estimate in 2 of its last 8 reports.
Feb 3, 2027
90 days away
| Reported | EPS | Revenue | Move |
|---|---|---|---|
| Oct 28, 2026 | $1.20 est $1.38 | $33.19B est $33.30B | +1.1% |
| Jul 22, 2026 | $1.33 est $1.39 | $34.52B est $34.03B | +9.0% |
| May 6, 2026 | $1.48 est $1.01 | $27.84B est $28.73B | −10.8% |
| Feb 4, 2026 | $0.81 est $0.60 | $25.30B est $22.06B | +0.5% |
| Oct 29, 2025 | $0.37 est $0.57 | $26.02B est $21.36B | −0.5% |
| Jul 23, 2025 | $0.64 est $0.66 | $25.29B est $23.26B | +0.3% |
| Apr 30, 2025 | $0.66 est $0.83 | $29.38B est $24.76B | −3.3% |
| Feb 5, 2025 | $0.63 est $0.82 | $26.54B est $24.97B | −6.9% |
“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.
Analysts’ average 12-month price target for Equinor is $40.71, −4.9% from the last close, from 5 firms rating the stock in the last 90 days.
Each firm’s latest rating in the last 90 days: 5 firms.
| Date | Firm | Target | vs price |
|---|---|---|---|
| Oct 30 | Bank of America Securities | $52.08 | +21.7% |
| Oct 29 | Goldman Sachs | $40.15 | −6.2% |
| Oct 29 | Bank of America Securities | — | — |
| Oct 28 | DZ BANK AG | — | — |
| Oct 16 | Bank of America Securities | $50.91 | +18.9% |
Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.
Over the next 20 trading days from Nov 4, Equinor averaged −2.5% across the last 5 years, rising in 1 of them.
| Window | Average | Years higher |
|---|---|---|
| Next 5 trading days | −1.3% | 2 of 5 |
| Next 10 trading days | −1.6% | 3 of 5 |
| Next 15 trading days | −2.6% | 1 of 5 |
| Next 20 trading days | −2.5% | 1 of 5 |
| Next 30 trading days | −3.0% | 1 of 5 |
For scale, EQNR’s typical 20-trading-day move in either direction is about 5.6%.
Equinor’s market cap is $109.6B, with a P/E ratio of 9.4 and revenue of $120.6B over the last twelve months.
Coverage of Equinor this week reads positive: 9 positive, 3 neutral and 2 negative headlines.
Equinor’s market cap is $109.6B at the Nov 4, 2026 close of $42.80, with 2.37B shares outstanding. The shares trade on a P/E ratio of 9.4.
The consensus analyst 12-month price target for Equinor is $40.71, −4.9% from the last close. Of the 5 firms that rated the stock in the last 90 days, 1 rate it a buy, 2 a hold and 2 a sell. Gekko doesn’t publish price predictions of its own.
On Gekko’s estimate Equinor is undervalued: the Nov 4, 2026 close of $42.80 is 42.8% below Gekko Fair Value of $74.84. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.
Equinor is expected to report on Feb 3, 2027 (90 days away). Analysts expect earnings of $1.89 per share on revenue of $40.06B. Equinor beat the earnings estimate in 2 of its last 8 reports, moving 4.1% on average across the report.
Equinor’s 52-week high is $49.08 and its 52-week low is $22.26; it closed at $42.80 on Nov 4, 2026, +78.4% over the past year.
Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, fair value and earnings risk), 1 as mixed (trend) and 1 as a headwind (seasonality). The checklist is a description of current data, not a recommendation.
During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →
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