Equinor ASA (NYSE:EQNR) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Equinor ASA (NYSE:EQNR) have received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, nine have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $29.45.

Several equities analysts have recently issued reports on the stock. Hsbc Global Res raised shares of Equinor ASA to a “strong-buy” rating in a report on Monday, February 10th. DZ Bank raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating on shares of Equinor ASA in a research note on Thursday, February 6th.

Equinor ASA Price Performance

Shares of EQNR stock opened at $23.22 on Friday. Equinor ASA has a 12-month low of $21.85 and a 12-month high of $29.32. The firm has a market capitalization of $64.83 billion, a price-to-earnings ratio of 7.46, a price-to-earnings-growth ratio of 0.58 and a beta of 0.83. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The firm has a fifty day moving average of $23.88 and a 200-day moving average of $24.65.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) 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%. On average, equities research analysts forecast that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.03%. Equinor ASA’s dividend payout ratio is 37.62%.

Hedge Funds Weigh In On Equinor ASA

Large investors have recently modified their holdings of the business. Reston Wealth Management LLC acquired a new position in shares of Equinor ASA during the 3rd quarter worth about $31,000. GeoWealth Management LLC raised its holdings in shares of Equinor ASA by 254.5% in the 4th quarter. GeoWealth Management LLC now owns 1,372 shares of the company’s stock valued at $33,000 after purchasing an additional 985 shares during the period. Manchester Capital Management LLC bought a new stake in shares of Equinor ASA in the 4th quarter valued at about $33,000. Synergy Asset Management LLC bought a new stake in shares of Equinor ASA in the 4th quarter valued at about $36,000. Finally, R Squared Ltd bought a new stake in shares of Equinor ASA in the 4th quarter valued at about $48,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Company Profile

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.