Jefferies Financial Group Begins Coverage on Equinor ASA (NYSE:EQNR)

Jefferies Financial Group began coverage on shares of Equinor ASA (NYSE:EQNR) in a research note issued on Thursday, Marketbeat reports. The firm set a “hold” rating on the stock.

Other research analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Equinor ASA in a research report on Monday, December 29th. Barclays restated an “underweight” rating on shares of Equinor ASA in a research note on Friday, October 31st. Zacks Research downgraded Equinor ASA from a “hold” rating to a “strong sell” rating in a research report on Thursday, December 11th. Sanford C. Bernstein lowered Equinor ASA from an “outperform” rating to a “market perform” rating in a report on Friday, October 17th. Finally, DZ Bank cut Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and ten have given a Sell rating to the company’s stock. According to MarketBeat.com, Equinor ASA currently has an average rating of “Reduce” and a consensus price target of $22.71.

Equinor ASA Stock Down 0.9%

EQNR opened at $23.50 on Thursday. The business has a 50 day moving average of $23.36 and a 200-day moving average of $24.31. The stock has a market capitalization of $69.19 billion, a price-to-earnings ratio of 11.14, a P/E/G ratio of 2.80 and a beta of 0.36. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.62. Equinor ASA has a 1-year low of $21.41 and a 1-year high of $28.26.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, October 29th. The company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.20). Equinor ASA had a net margin of 5.27% and a return on equity of 14.34%. The company had revenue of $26.06 billion for the quarter, compared to analyst estimates of $23.26 billion. As a group, sell-side analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current year.

Institutional Trading of Equinor ASA

Several institutional investors have recently bought and sold shares of EQNR. Elevation Point Wealth Partners LLC raised its stake in Equinor ASA by 1.9% during the second quarter. Elevation Point Wealth Partners LLC now owns 23,101 shares of the company’s stock worth $581,000 after acquiring an additional 424 shares in the last quarter. Lazari Capital Management Inc. grew its holdings in shares of Equinor ASA by 5.2% in the 2nd quarter. Lazari Capital Management Inc. now owns 8,544 shares of the company’s stock worth $215,000 after purchasing an additional 426 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of Equinor ASA by 1.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 37,331 shares of the company’s stock worth $910,000 after purchasing an additional 428 shares in the last quarter. Ballentine Partners LLC increased its position in shares of Equinor ASA by 5.0% during the 3rd quarter. Ballentine Partners LLC now owns 9,039 shares of the company’s stock worth $220,000 after purchasing an additional 434 shares in the last quarter. Finally, Legacy Wealth Asset Management LLC lifted its holdings in Equinor ASA by 1.8% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 24,805 shares of the company’s stock valued at $605,000 after purchasing an additional 437 shares during the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

About Equinor ASA

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.