Equinor Stock Soars After Bank of America Upgrade
Equinor ASA's stock price has increased after Bank of America upgraded its rating to Buy from Neutral and raised the 12-month price target to NOK 465 on September 18, 2026. The shares recently closed around NOK 416.30 on the Oslo Stock Exchange.
The upgrade is based on a stronger outlook for European natural gas prices, with Bank of America raising its 2026 earnings-per-share estimate to USD 5.54 from USD 5.28 and its 2027 estimate to USD 4.60 from USD 4.26.
Equinor is also supporting its stock price through ongoing share repurchases, which are partly for employee programs and capital reduction. The company has a NOK 1.97 billion buyback program in place.