Equinor ASA (NYSE:EQNR) was downgraded by Piper Jaffray Companies from an “overweight” rating to a “neutral” rating in a research report issued to clients and investors on Monday, The Fly reports.
Other equities analysts have also issued research reports about the stock. Deutsche Bank raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, December 10th. Zacks Investment Research lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 23rd. ValuEngine lowered shares of Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Bank of America lowered shares of Equinor ASA from a “buy” rating to a “neutral” rating and set a $23.07 target price for the company. in a research note on Tuesday, December 11th. Finally, Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 23rd. Five research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $26.36.
Shares of EQNR stock opened at $22.60 on Monday. Equinor ASA has a 12-month low of $19.95 and a 12-month high of $28.93. The firm has a market capitalization of $75.23 billion, a PE ratio of 11.19 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 1.44.
A number of hedge funds and other institutional investors have recently made changes to their positions in EQNR. Cornerstone Advisors Inc. lifted its position in Equinor ASA by 289.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 892 shares of the company’s stock worth $25,000 after buying an additional 663 shares in the last quarter. We Are One Seven LLC bought a new stake in Equinor ASA during the 4th quarter worth about $31,000. Lindbrook Capital LLC bought a new stake in Equinor ASA during the 4th quarter worth about $52,000. Legacy Financial Advisors Inc. lifted its position in Equinor ASA by 8,963.3% during the 4th quarter. Legacy Financial Advisors Inc. now owns 2,719 shares of the company’s stock worth $58,000 after buying an additional 2,689 shares in the last quarter. Finally, Stratos Wealth Partners LTD. bought a new stake in Equinor ASA during the 3rd quarter worth about $104,000. 5.39% of the stock is owned by hedge funds and other institutional investors.
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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