Equinor ASA (NYSE:EQNR) Raised to “Overweight” at Barclays

Equinor ASA (NYSE:EQNR) was upgraded by research analysts at Barclays from an “equal weight” rating to an “overweight” rating in a report released on Monday, Marketbeat reports.

Other equities research analysts have also recently issued research reports about the stock. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective for the company in a research report on Monday, October 14th. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Thursday. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 8th. Finally, Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $26.90.

Equinor ASA Trading Down 0.9 %

Shares of Equinor ASA stock opened at $24.67 on Monday. The stock has a market capitalization of $68.90 billion, a P/E ratio of 7.57, a price-to-earnings-growth ratio of 5.37 and a beta of 0.84. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The company has a 50-day simple moving average of $24.58 and a 200 day simple moving average of $26.34. Equinor ASA has a 12-month low of $22.15 and a 12-month high of $33.24.

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

Institutional Trading of Equinor ASA

A number of hedge funds and other institutional investors have recently made changes to their positions in EQNR. Atwood & Palmer Inc. acquired a new stake in shares of Equinor ASA in the second quarter valued at approximately $25,000. Reston Wealth Management LLC acquired a new position in Equinor ASA during the third quarter worth $31,000. Rothschild Investment LLC acquired a new position in Equinor ASA during the second quarter worth $32,000. EverSource Wealth Advisors LLC increased its holdings in Equinor ASA by 27.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after buying an additional 365 shares during the last quarter. Finally, Bruce G. Allen Investments LLC increased its holdings in Equinor ASA by 363.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock worth $49,000 after buying an additional 1,512 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

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.