Equinor ASA (NYSE:EQNR) Shares Gap Down to $28.55

Shares of Equinor ASA (NYSE:EQNRGet Free Report) gapped down prior to trading on Monday . The stock had previously closed at $28.55, but opened at $27.80. Equinor ASA shares last traded at $27.81, with a volume of 184,871 shares trading hands.

Analyst Ratings Changes

EQNR has been the topic of several research analyst reports. TD Cowen initiated coverage on shares of Equinor ASA in a research note on Wednesday, April 24th. They set a “hold” rating and a $28.00 price target on the stock. StockNews.com raised Equinor ASA from a “buy” rating to a “strong-buy” rating in a research report on Monday. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $28.25.

View Our Latest Stock Analysis on EQNR

Equinor ASA Stock Performance

The stock has a market cap of $80.69 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 3.70 and a beta of 0.84. The stock has a fifty day moving average of $28.09 and a 200-day moving average of $27.87. The company has a quick ratio of 1.76, a current ratio of 1.88 and a debt-to-equity ratio of 0.48.

Equinor ASA (NYSE:EQNRGet Free Report) last announced its earnings results on Thursday, April 25th. The company reported $0.96 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.18. Equinor ASA had a return on equity of 19.67% and a net margin of 9.30%. The company had revenue of $25.14 billion for the quarter, compared to the consensus estimate of $25.03 billion. On average, equities analysts forecast that Equinor ASA will post 3.46 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Principal Securities Inc. acquired a new position in shares of Equinor ASA in the fourth quarter worth $30,000. EverSource Wealth Advisors LLC raised its stake in Equinor ASA by 136.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the company’s stock valued at $34,000 after purchasing an additional 629 shares during the last quarter. Avalon Trust Co acquired a new stake in shares of Equinor ASA during the 4th quarter worth about $41,000. Princeton Global Asset Management LLC purchased a new stake in shares of Equinor ASA during the fourth quarter worth about $43,000. Finally, GAMMA Investing LLC acquired a new position in shares of Equinor ASA in the fourth quarter valued at approximately $46,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Company Profile

(Get Free Report)

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.

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