Morgan Stanley analyst Martijn Rats has maintained their bullish stance on 0M2Z stock, giving a Buy rating on January 30.
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Martijn Rats has given his Buy rating due to a combination of factors influencing Equinor ASA’s financial performance and outlook. The company’s fourth-quarter earnings exceeded expectations, with net income reaching $2.3 billion, surpassing the consensus forecast by 11%. This positive earnings surprise was supported by strong results in the Marketing, Midstream & Processing (MMP) segment, which enhanced overall profitability.
Equinor’s future outlook also appears robust, with a significant reduction in capital expenditure projected for 2025. This decrease allows for a higher free cash flow guidance of $23 billion over the 2025-2027 period, which is double the current market consensus. Additionally, the company plans substantial share buybacks, reinforcing confidence in its financial strategy. These elements collectively underpin Martijn Rats’s optimistic Buy rating for Equinor ASA.
In another report released on January 30, Bernstein also maintained a Buy rating on the stock with a NOK360.00 price target.