10 Best Affordable Stocks Under $30

8. Equinor ASA (NYSE:EQNR)

Stock Price: $23.97

Forward P/E: 9.09

Number of Hedge Fund Holders: 17

Equinor ASA (NYSE:EQNR) is one of the best affordable stocks under $30. Bank of America Securities maintained a bullish stance on Equinor ASA (NYSE:EQNR) on January 9, reiterating a Buy rating on the stock with a price target of NOK260.00. However, the same day, UBS reaffirmed a Sell rating on Equinor ASA (NYSE:EQNR) and set a price target of NOK205.00.

The rating updates came after Equinor ASA (NYSE:EQNR) announced on January 8 twelve new framework agreements for modifications and maintenance on the company’s onshore plans and offshore installations. Management reported that the agreements commence in H1 2026 and have a 5-year duration, with two- and three-year extension options.

Equinor ASA (NYSE:EQNR) further reported that the total annual value comes up to approximately NOK 10 billion, with the agreements creating “ripple effects” for the Norwegian supplier industry across the country.

Kjetil Hove, executive vice president for the Norwegian continental shelf at Equinor ASA (NYSE:EQNR), stated that the Norwegian continental shelf would remain the company’s backbone for a long time, and that the agreements “facilitate long-term collaboration and continuous improvement on core tasks at Equinor’s offshore installations and onshore facilities in Norway.”

​Equinor ASA (NYSE:EQNR) explores, transports, produces, refines, and markets petroleum and petroleum-derived products. The company’s operations are divided into the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, and Processing, Renewables, and Other.