Equinor ASA (NYSE:EQNR) Given Consensus Recommendation of “Reduce” by Brokerages

Shares of Equinor ASA (NYSE:EQNRGet Free Report) have been assigned a consensus rating of “Reduce” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $28.25.

EQNR has been the subject of a number of recent research reports. Bank of America raised Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Thursday, December 7th. StockNews.com raised Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. DZ Bank lowered Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $26.40 to $28.50 in a report on Tuesday, February 20th. Finally, TD Cowen assumed coverage on Equinor ASA in a report on Wednesday, January 10th. They set a “market perform” rating and a $28.00 price objective on the stock.

Get Our Latest Stock Analysis on EQNR

Equinor ASA Stock Up 0.8 %

EQNR opened at $27.87 on Thursday. Equinor ASA has a fifty-two week low of $24.44 and a fifty-two week high of $34.73. The business has a 50-day moving average of $26.57 and a 200-day moving average of $30.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.71 and a quick ratio of 1.60. The company has a market capitalization of $87.01 billion, a PE ratio of 7.13 and a beta of 0.85.

Equinor ASA (NYSE:EQNRGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The company reported $0.64 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.44). Equinor ASA had a return on equity of 20.32% and a net margin of 11.09%. The firm had revenue of $29.05 billion for the quarter, compared to analysts’ expectations of $27.35 billion. Equities research analysts forecast that Equinor ASA will post 3.26 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Thursday, May 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend is Wednesday, May 15th. Equinor ASA’s dividend payout ratio (DPR) is currently 25.06%.

Institutional Trading of Equinor ASA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EQNR. Arrowstreet Capital Limited Partnership grew its holdings in Equinor ASA by 42.8% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,186,246 shares of the company’s stock valued at $382,086,000 after buying an additional 3,052,907 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Equinor ASA in the 1st quarter valued at approximately $55,819,000. Goldman Sachs Group Inc. grew its holdings in Equinor ASA by 47.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,752,274 shares of the company’s stock valued at $130,429,000 after buying an additional 1,210,930 shares during the last quarter. Folketrygdfondet grew its holdings in Equinor ASA by 0.9% in the 4th quarter. Folketrygdfondet now owns 107,959,982 shares of the company’s stock valued at $3,415,854,000 after buying an additional 917,330 shares during the last quarter. Finally, Cambiar Investors LLC acquired a new stake in Equinor ASA in the 3rd quarter valued at approximately $21,931,000. Institutional investors and hedge funds own 5.51% 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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