BofA Adjusts PT on Equinor ASA (EQNR) to NOK 345 From NOK 260 – Here’s Why

Group 1 - Equinor ASA is considered one of the most undervalued energy stocks, with BofA adjusting its price target to NOK 345 from NOK 260 while maintaining a Neutral rating [1] - The firm highlighted risks associated with a prolonged shutdown of the Strait of Hormuz and increased oil and gas price forecasts for 2026-27, leading to higher price targets for stocks in the European oil and gas sector [1] Group 2 - Equinor ASA entered into a bio-methanol agreement with Wallenius Wilhelmsen, which will use bio-methanol as bunker fuel for its dual-fuel methanol vessels [2] - The bio-methanol supplies will be delivered at the Ports of Zeebrugge and Antwerp, starting in late 2026, positioning the partnership within key European maritime hubs [3] Group 3 - Equinor ASA's operations encompass exploration, transportation, production, refining, and marketing of petroleum and petroleum-derived products, divided into several segments including Exploration and Production Norway, International, USA, Marketing, Midstream, Processing, Renewables, and Other [4]