|Bid||0.00 x 1300|
|Ask||0.00 x 1400|
|Day's range||27.64 - 28.42|
|52-week range||26.28 - 42.53|
|Beta (5Y monthly)||0.53|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||0.80 (2.73%)|
|Ex-dividend date||09 Jan 2023|
|1y target est||41.60|
Equinor (EQNR) has entered into an agreement to sell 28% working interest in Statfjord area to a seasoned business partner OKEA.
Recently, Zacks.com users have been paying close attention to Equinor (EQNR). This makes it worthwhile to examine what the stock has in store.
Norwegian independent oil and gas producer Okea said on Monday it had agreed to buy a 28% stake in Norway's Statfjord production licence from Equinor for an initial price of $220 million. "In addition, the agreement contains contingent payment terms applicable for 2023-25 for certain thresholds of realised oil and gas prices," Okea said in a statement. The deal increases Okea's total production by between 13,000 and 15,000 barrels of oil equivalent per day (boed) in 2023 and by between 16,000 and 20,000 boed in 2024, lifting overall output next year to more than 40,000 boed, it said.