Morgan Stanley Cuts PT on Equinor ASA (EQNR) Following Q1 Results
Key takeaways
- Equinor ASA (NYSE:EQNR) reported production growth of 9% from strong operational performance while maintaining cost and capital discipline.
- Equinor ASA (NYSE:EQNR) explores, transports, produces, refines, and markets petroleum and petroleum-derived products.
- While we acknowledge the potential of EQNR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.
Morgan Stanley Cuts PT on Equinor ASA (EQNR) Following Q1 Results Noor Ul Ain Rehman Tue, May 26, 2026 at 7:08 PM GMT+7 1 min read EQNR MS Equinor ASA (NYSE:EQNR) is one of the best commodity stocks to buy for the supercycle. Morgan Stanley cut the price target on Equinor ASA (NYSE:EQNR) to NOK 376 from NOK 388 on May 12, maintaining an Equal Weight rating on the shares. The rating update came after the company reported its fiscal Q1 2026 financial results, stating that it delivered an adjusted operating income of $9.77 billion and $2.86 billion after tax in fiscal Q1 2026. Net operating income for the quarter came up to $8.78 billion, with a net income of $3.10 billion and adjusted net income of $3.70 billion, which led to adjusted earnings per share of $1.48.
Equinor ASA (NYSE:EQNR) reported production growth of 9% from strong operational performance while maintaining cost and capital discipline. It also closed several key strategic milestones in the quarter, including seven commercial discoveries on the NCS and the start of drilling at the Raia gas field in Brazil.
Equinor ASA (NYSE:EQNR) explores, transports, produces, refines, and markets petroleum and petroleum-derived products. The company’s operations are divided into the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, Processing, Renewables, and Other.