Equinor downgraded to Neutral as stock trades 26.6% above fair value amid LNG expansion and buybacks

Investment firm Santander downgraded Equinor to Neutral due to concerns over its near-term growth and overvaluation, with the stock trading 26.6% above its estimated fair value. Despite this, Equinor is actively expanding its global liquefied natural gas (LNG) capacity and has initiated a significant share buyback program to enhance shareholder value. The company also secured a long-term LNG supply deal with Thailand's PTT Trading, reinforcing its strategic position in the Asian energy market. This cautious outlook reflects valuation worries but acknowledges ongoing growth efforts in LNG and shareholder returns.

Equinor's market capitalization stands at $101.89 billion as of September 22, 2026, 20:24 WIB, with a dividend yield of 3.67%, highlighting its appeal for income-focused investors despite recent valuation concerns. The stock price on Pluang is $41.49, down 2.35% on the day, while trading volume reached 3,148,063 shares. This data provides context to Santander's downgrade, showing active market engagement and a notable yield amid strategic LNG expansion and share buybacks.