Equinor ASA (NYSE:EQNR) Upgraded at StockNews.com

StockNews.com upgraded shares of Equinor ASA (NYSE:EQNR) from a buy rating to a strong-buy rating in a research note published on Friday morning.

A number of other equities research analysts also recently commented on EQNR. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target for the company in a report on Monday, October 14th. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. Citigroup raised Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Finally, UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Equinor ASA currently has an average rating of “Moderate Buy” and an average target price of $26.90.

Equinor ASA Price Performance

Shares of NYSE:EQNR opened at $24.18 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. The business’s fifty day moving average price is $24.50 and its two-hundred day moving average price is $26.19. The stock has a market cap of $67.53 billion, a PE ratio of 7.42, a price-to-earnings-growth ratio of 5.26 and a beta of 0.84. Equinor ASA has a one year low of $22.15 and a one year high of $32.66.

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

Institutional Investors Weigh In On Equinor ASA

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Atwood & Palmer Inc. purchased a new position in shares of Equinor ASA in the 2nd quarter valued at $25,000. Reston Wealth Management LLC purchased a new position in Equinor ASA in the third quarter valued at about $31,000. Rothschild Investment LLC acquired a new position in shares of Equinor ASA during the second quarter worth about $32,000. EverSource Wealth Advisors LLC boosted its position in shares of Equinor ASA by 27.1% in 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 period. Finally, Bruce G. Allen Investments LLC grew its stake in shares of Equinor ASA by 363.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after buying an additional 1,512 shares in 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.