Equinor ASA (NYSE:EQNR) Upgraded at UBS Group

UBS Group upgraded shares of Equinor ASA (NYSE:EQNRFree Report) from a sell rating to a neutral rating in a research note released on Friday morning, MarketBeat reports.

Several other equities research analysts have also commented on the stock. Weiss Ratings raised shares of Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Jefferies Financial Group initiated coverage on shares of Equinor ASA in a report on Thursday, January 8th. They set a “hold” rating on the stock. TD Cowen upped their price objective on Equinor ASA from $22.00 to $25.00 and gave the stock a “hold” rating in a research note on Thursday, February 5th. Bank of America lowered shares of Equinor ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Finally, Zacks Research upgraded Equinor ASA from a “strong sell” rating to a “hold” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Hold rating and seven have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $28.71.

View Our Latest Stock Report on EQNR

Equinor ASA Stock Up 2.6%

EQNR stock opened at $41.58 on Friday. Equinor ASA has a 1-year low of $21.41 and a 1-year high of $42.06. The business has a fifty day moving average price of $29.27 and a 200-day moving average price of $25.71. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 1.16. The stock has a market capitalization of $122.43 billion, a P/E ratio of 21.88 and a beta of 0.35.

Equinor ASA (NYSE:EQNRGet Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.21. The business had revenue of $25.30 billion for the quarter, compared to analysts’ expectations of $21.31 billion. Equinor ASA had a net margin of 4.74% and a return on equity of 15.23%. Equities analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Friday, May 15th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.8%. This is a boost from Equinor ASA’s previous quarterly dividend of $0.37. The ex-dividend date is Friday, May 15th. Equinor ASA’s dividend payout ratio (DPR) is presently 64.21%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. UMB Bank n.a. grew its stake in Equinor ASA by 1,794.0% in the 4th quarter. UMB Bank n.a. now owns 1,269 shares of the company’s stock worth $30,000 after acquiring an additional 1,202 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in Equinor ASA by 86.2% during the fourth quarter. Global Retirement Partners LLC now owns 1,318 shares of the company’s stock worth $31,000 after buying an additional 610 shares during the period. McIlrath & Eck LLC bought a new stake in Equinor ASA during the 2nd quarter valued at $36,000. Sound Income Strategies LLC increased its holdings in shares of Equinor ASA by 119.2% in the 4th quarter. Sound Income Strategies LLC now owns 1,876 shares of the company’s stock valued at $48,000 after acquiring an additional 1,020 shares during the period. Finally, MAI Capital Management grew its stake in Equinor ASA by 55.6% in the second quarter. MAI Capital Management now owns 2,339 shares of the company’s stock valued at $59,000 after purchasing an additional 836 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors.

Key Stories Impacting Equinor ASA

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Equinor ASA Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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