Equinor ASA (EQNR) To Go Ex-Dividend on February 14th

Equinor ASA (NYSE:EQNR) declared a quarterly dividend on Monday, January 27th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.35 per share on Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 5.66%. The ex-dividend date of this dividend is Friday, February 14th.

Equinor ASA has increased its dividend payment by an average of 34.1% per year over the last three years. Equinor ASA has a payout ratio of 42.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Equinor ASA to earn $3.05 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 45.9%.

Equinor ASA Trading Up 0.7 %

Shares of NYSE:EQNR opened at $24.72 on Wednesday. Equinor ASA has a twelve month low of $21.85 and a twelve month high of $29.32. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The firm has a market cap of $69.03 billion, a P/E ratio of 7.95, a P/E/G ratio of 1.27 and a beta of 0.83. The company has a 50 day moving average of $23.94 and a 200-day moving average of $24.80.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. As a group, analysts anticipate that Equinor ASA will post 3.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on EQNR shares. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Danske raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.45.

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.