Equinor ASA (NYSE:EQNR) Receives Average Rating of “Hold” from Brokerages

Equinor ASA (NYSE:EQNR) has been given a consensus recommendation of “Hold” by the fourteen research firms that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $23.07.

A number of equities analysts have issued reports on EQNR shares. Zacks Investment Research cut Equinor ASA from a “hold” rating to a “sell” rating in a report on Friday, April 12th. ValuEngine cut Equinor ASA from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Macquarie cut Equinor ASA from an “outperform” rating to a “neutral” rating in a report on Thursday, February 14th. HSBC raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, May 31st. Finally, Pareto Securities raised Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 25th.

Several hedge funds have recently modified their holdings of the company. Clearbridge Investments LLC boosted its position in shares of Equinor ASA by 46.5% during the 1st quarter. Clearbridge Investments LLC now owns 78,630 shares of the company’s stock valued at $1,728,000 after purchasing an additional 24,957 shares in the last quarter. FMR LLC boosted its position in shares of Equinor ASA by 5.1% during the 1st quarter. FMR LLC now owns 16,656,952 shares of the company’s stock valued at $365,952,000 after purchasing an additional 808,617 shares in the last quarter. Jane Street Group LLC boosted its position in shares of Equinor ASA by 818.1% during the 1st quarter. Jane Street Group LLC now owns 336,412 shares of the company’s stock valued at $7,364,000 after purchasing an additional 299,768 shares in the last quarter. Morgan Stanley boosted its position in shares of Equinor ASA by 37.7% during the 1st quarter. Morgan Stanley now owns 502,753 shares of the company’s stock valued at $11,046,000 after purchasing an additional 137,571 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in shares of Equinor ASA by 3.5% during the 1st quarter. Wellington Management Group LLP now owns 2,462,010 shares of the company’s stock valued at $54,091,000 after purchasing an additional 82,504 shares in the last quarter. 5.51% of the stock is owned by institutional investors.

Equinor ASA stock opened at $19.32 on Thursday. The company has a quick ratio of 1.35, a current ratio of 1.48 and a debt-to-equity ratio of 0.59. Equinor ASA has a 52 week low of $18.91 and a 52 week high of $28.93. The firm has a market cap of $66.24 billion, a PE ratio of 9.56 and a beta of 0.96.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Friday, May 3rd. The company reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Equinor ASA had a return on equity of 15.79% and a net margin of 10.46%. The company had revenue of $16.41 billion during the quarter. As a group, research analysts forecast that Equinor ASA will post 1.8 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Monday, May 20th were paid a $0.26 dividend. The ex-dividend date of this dividend was Friday, May 17th. This represents a $1.04 annualized dividend and a dividend yield of 5.38%. Equinor ASA’s payout ratio is 37.62%.

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 Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

Featured Article: Sell-Side Analysts

Analyst Recommendations for Equinor ASA (NYSE:EQNR)

Receive News & Ratings for Equinor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinor ASA and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply