Equinor ASA (NYSE:EQNR) Receives $26.90 Average Price Target from Analysts

Equinor ASA (NYSE:EQNR) has been given an average recommendation of “Reduce” by the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $26.90.

A number of brokerages have weighed in on EQNR. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Barclays upgraded Equinor ASA to a “hold” rating in a report on Wednesday, October 2nd. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. StockNews.com upgraded shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price for the company in a research report on Monday, October 14th.

Equinor ASA Stock Down 1.3 %

EQNR opened at $22.52 on Friday. The company has a market capitalization of $62.89 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 5.01 and a beta of 0.84. The business has a 50-day moving average of $24.78 and a 200-day moving average of $26.56. Equinor ASA has a fifty-two week low of $22.15 and a fifty-two week high of $33.63. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The company had revenue of $25.45 billion during the quarter, compared to the consensus estimate of $24.45 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. Equities research analysts forecast that Equinor ASA will post 3.27 EPS for the current fiscal year.

Institutional Investors Weigh In On Equinor ASA

A number of institutional investors have recently added to or reduced their stakes in the company. Atwood & Palmer Inc. bought a new stake in shares of Equinor ASA in the 2nd quarter worth approximately $25,000. Rothschild Investment LLC acquired a new stake in Equinor ASA during the second quarter worth $32,000. Reston Wealth Management LLC bought a new stake in Equinor ASA in the 3rd quarter valued at $31,000. EverSource Wealth Advisors LLC raised its stake in shares of Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after buying an additional 365 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of Equinor ASA during the 2nd quarter worth about $51,000. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Company Profile

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.