Pareto Securities downgrades the recommendation on Equinor for sale from previous holdings at the same time as the price target is downgraded to NOK 130 from the previous NOK 150, according to an analysis reproduced by TDN Direkt on Friday.
The report indicates that the share is traded at similar levels as when the price of Brent oil was 60 dollars per. barrels, while the current price is just below $ 45 a barrel.
TDN Direkt states that the brokerage believes that the share price already reflects more than catching up in the oil price, which leaves little room for upside if the oil price were to rise.
At the time of writing, the share is down 1.47 percent for the day, and is trading at NOK 147.10.
