Equinor ASA (NYSE:EQNR) to Issue Quarterly Dividend of $0.35

Equinor ASA (NYSE:EQNR) announced a quarterly dividend on Tuesday, July 23rd,NASDAQ Dividends reports. Stockholders of record on Tuesday, November 19th will be given a dividend of 0.35 per share on Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 5.84%. The ex-dividend date is Tuesday, November 19th.

Equinor ASA has raised its dividend by an average of 15.7% annually over the last three years. Equinor ASA has a payout ratio of 45.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Equinor ASA to earn $3.16 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 44.3%.

Equinor ASA Stock Performance

Shares of NYSE:EQNR opened at $23.96 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. Equinor ASA has a 12 month low of $22.15 and a 12 month high of $33.24. The company has a market capitalization of $66.92 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 5.21 and a beta of 0.84. The firm’s 50-day moving average is $24.62 and its 200 day moving average is $26.46.

Equinor ASA (NYSE:EQNR) last released its earnings results on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. The firm had revenue of $25.45 billion for the quarter, compared to analysts’ expectations of $24.45 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Research analysts predict that Equinor ASA will post 3.31 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price on the stock in a research note on Monday, October 14th. StockNews.com raised shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Barclays upgraded shares of Equinor ASA to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Equinor ASA presently has a consensus rating of “Hold” and an average price target of $26.90.

About Equinor ASA

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.