Equinor ASA (NYSE:EQNR) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Equinor ASA (NYSE:EQNR) have received an average rating of “Hold” from the fourteen brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $39.20.

EQNR has been the subject of several recent analyst reports. Rothschild & Co Redburn upgraded Equinor ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Wall Street Zen upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Saturday. TD Cowen upped their target price on shares of Equinor ASA from $37.00 to $38.00 and gave the stock a “hold” rating in a report on Friday. Weiss Ratings upgraded shares of Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday. Finally, DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th.

Key Equinor ASA News

Here are the key news stories impacting Equinor ASA this week:

• Positive Sentiment: Wall Street Zen raised Equinor ASA (NYSE: EQNR) to Buy, which could support sentiment if investors see more upside from current levels. Equinor ASA (NYSE:EQNR) Raised to Buy at Wall Street Zen
• Positive Sentiment: Royal Bank of Canada upgraded Equinor ASA (NYSE: EQNR) to Sector Perform, a modestly better stance than a lower-rated view and a sign that some analysts see the shares as reasonably valued. Equinor ASA (NYSE:EQNR) Raised to Sector Perform at Royal Bank Of Canada
• Positive Sentiment: TD Cowen raised its price target on Equinor ASA (NYSE: EQNR) from $37 to $38, suggesting some analysts still expect the stock to hold near its current range even after recent volatility. EQNR Q2 Earnings Miss Estimates, Revenues Rise Y/Y on Higher Output

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of EQNR. Gradient Investments LLC increased its holdings in Equinor ASA by 1.9% during the 2nd quarter. Gradient Investments LLC now owns 187,623 shares of the company’s stock valued at $5,891,000 after purchasing an additional 3,474 shares in the last quarter. GAMMA Investing LLC boosted its stake in Equinor ASA by 24.1% in the second quarter. GAMMA Investing LLC now owns 9,033 shares of the company’s stock worth $284,000 after purchasing an additional 1,754 shares in the last quarter. Arlington Trust Co LLC grew its holdings in shares of Equinor ASA by 1,581.9% during the second quarter. Arlington Trust Co LLC now owns 2,136 shares of the company’s stock worth $67,000 after purchasing an additional 2,009 shares during the last quarter. Eastern Bank bought a new stake in shares of Equinor ASA during the second quarter worth $35,000. Finally, VectorGlobal IAG Inc. acquired a new stake in shares of Equinor ASA in the first quarter valued at $285,000. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Trading Down 1.5%

Shares of EQNR opened at $40.38 on Friday. Equinor ASA has a 1 year low of $22.26 and a 1 year high of $43.46. The company has a current ratio of 1.18, a quick ratio of 1.12 and a debt-to-equity ratio of 0.56. The stock has a 50 day simple moving average of $35.69 and a 200-day simple moving average of $33.96. The stock has a market cap of $118.91 billion, a PE ratio of 11.00, a PEG ratio of 2.58 and a beta of 0.06.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Wednesday, July 22nd. The company reported $1.33 EPS for the quarter, missing the consensus estimate of $1.39 by ($0.06). The company had revenue of $34.02 billion for the quarter, compared to the consensus estimate of $34.03 billion. Equinor ASA had a return on equity of 23.60% and a net margin of 7.92%. On average, sell-side analysts predict that Equinor ASA will post 4.85 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, August 14th. Equinor ASA’s dividend payout ratio is currently 34.88%.

Equinor ASA Company Profile

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.