Shares of Equinor ASA (NYSE:EQNR) have been assigned a consensus rating of “Hold” from the fourteen research firms that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $23.07.
Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Equinor ASA from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 12th. Deutsche Bank raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, December 10th. Pareto Securities downgraded shares of Equinor ASA from a “hold” rating to a “sell” rating in a report on Thursday, December 13th. Bank of America downgraded shares of Equinor ASA from a “buy” rating to a “neutral” rating and set a $23.07 target price for the company. in a report on Tuesday, December 11th. Finally, Credit Suisse Group downgraded shares of Equinor ASA from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 23rd.
Several institutional investors and hedge funds have recently added to or reduced their stakes in EQNR. BlackRock Inc. bought a new position in shares of Equinor ASA during the 2nd quarter valued at about $1,397,000. FMR LLC bought a new position in shares of Equinor ASA during the 2nd quarter valued at about $166,549,000. Bank of Montreal Can boosted its holdings in shares of Equinor ASA by 86.9% during the 3rd quarter. Bank of Montreal Can now owns 16,935 shares of the company’s stock valued at $478,000 after purchasing an additional 7,872 shares during the last quarter. Creative Planning boosted its holdings in shares of Equinor ASA by 41.8% during the 3rd quarter. Creative Planning now owns 18,076 shares of the company’s stock valued at $510,000 after purchasing an additional 5,330 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Equinor ASA by 11.5% during the 3rd quarter. US Bancorp DE now owns 164,021 shares of the company’s stock valued at $4,626,000 after purchasing an additional 16,911 shares during the last quarter. 5.38% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE:EQNR traded down $0.45 during midday trading on Tuesday, hitting $21.71. The company had a trading volume of 934,512 shares, compared to its average volume of 1,258,455. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 1.44. The firm has a market capitalization of $72.27 billion, a price-to-earnings ratio of 10.75 and a beta of 0.97. Equinor ASA has a 12-month low of $19.95 and a 12-month high of $28.93.
Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Tuesday, February 5th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.06). The company had revenue of $22.44 billion during the quarter. Equinor ASA had a return on equity of 15.88% and a net margin of 9.47%. On average, equities research analysts expect that Equinor ASA will post 1.74 earnings per share for the current fiscal year.
About Equinor ASA
Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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