Equinor ASA (NYSE:EQNR) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Equinor ASA (NYSE:EQNRFree Report) from a hold rating to a buy rating in a research note released on Thursday morning.

Several other analysts also recently weighed in on EQNR. Bank of America upgraded shares of Equinor ASA from a neutral rating to a buy rating in a research report on Thursday, December 7th. TD Cowen began coverage on shares of Equinor ASA in a research report on Wednesday, January 10th. They issued a market perform rating and a $28.00 price objective on the stock. DZ Bank cut shares of Equinor ASA from a buy rating to a hold rating in a research note on Thursday, February 8th. Jefferies Financial Group cut shares of Equinor ASA from a hold rating to an underperform rating in a research note on Wednesday, November 29th. Finally, Royal Bank of Canada cut shares of Equinor ASA from an outperform rating to a sector perform rating in a research note on Tuesday, December 19th. Four research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Equinor ASA has a consensus rating of Hold and an average price target of $28.25.

Check Out Our Latest Stock Analysis on EQNR

Equinor ASA Trading Down 0.1 %

Equinor ASA stock opened at $26.26 on Thursday. The firm’s 50-day moving average is $27.17 and its 200-day moving average is $30.51. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.61 and a current ratio of 1.71. Equinor ASA has a 1 year low of $24.44 and a 1 year high of $34.73. The company has a market cap of $81.98 billion, a P/E ratio of 6.72 and a beta of 0.84.

Equinor ASA (NYSE:EQNRGet Free Report) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.44). The firm had revenue of $29.05 billion during the quarter, compared to the consensus estimate of $27.35 billion. Equinor ASA had a net margin of 11.09% and a return on equity of 20.32%. On average, equities analysts expect that Equinor ASA will post 3.26 earnings per share for the current year.

Equinor ASA Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, February 27th. Stockholders of record on Thursday, February 15th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, February 14th. This represents a $1.20 annualized dividend and a dividend yield of 4.57%. Equinor ASA’s dividend payout ratio is currently 24.81%.

Hedge Funds Weigh In On Equinor ASA

Several hedge funds have recently made changes to their positions in EQNR. Principal Securities Inc. acquired a new position in shares of Equinor ASA in the fourth quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Equinor ASA by 136.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the company’s stock worth $34,000 after buying an additional 629 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Equinor ASA by 66.4% in the fourth quarter. BNP Paribas Financial Markets now owns 1,271 shares of the company’s stock worth $40,000 after buying an additional 507 shares during the period. Avalon Trust Co acquired a new position in shares of Equinor ASA in the fourth quarter worth about $41,000. Finally, Samalin Investment Counsel LLC acquired a new position in shares of Equinor ASA in the first quarter worth about $50,000. Institutional investors and hedge funds own 5.38% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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