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Equinor ASA (NYSE:EQNR) is included among the 12 Most Undervalued Natural Gas Stocks to Buy Now.
Equinor ASA (NYSE:EQNR) is an international energy company headquartered in Norway, with over 25,000 employees in around 20 countries worldwide.
On April 15, Danske Bank downgraded Equinor ASA (NYSE:EQNR) from ‘Buy’ to ‘Hold’ while assigning the stock a price target of NOK 385. The price target indicates an upside of over 9% from the current levels.
Equinor ASA (NYSE:EQNR) continues to make strides in the natural gas sector and announced last month that it had started development drilling at the Raia natural gas project in the Campos basin offshore Brazil. Once operational, the project is expected to produce 126,000 barrels of oil and condensate and 16 million cubic meters of gas per day, representing around 15% of Brazil’s total natural gas demand. Raia marks the Norwegian energy giant’s largest international investment to date, totaling around $9 billion.
Equinor ASA (NYSE:EQNR) boasts a robust annual dividend yield of 4.07%, putting it among the 15 Best High Yield Energy Stocks to Buy Right Now.
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