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

Equinor ASA (NYSE:EQNR) has been assigned an average recommendation of “Hold” from the ten analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $26.90.

EQNR has been the topic of several analyst reports. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Citigroup upgraded Equinor ASA to a “strong sell” rating in a report 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, Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target on the stock in a research report on Monday, October 14th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EQNR. Public Employees Retirement System of Ohio acquired a new position in shares of Equinor ASA during the third quarter worth approximately $3,685,000. Wellington Management Group LLP increased its position in Equinor ASA by 3.7% during the third quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock worth $95,019,000 after acquiring an additional 132,157 shares during the period. Stifel Financial Corp raised its stake in Equinor ASA by 20.0% during the 3rd quarter. Stifel Financial Corp now owns 75,475 shares of the company’s stock valued at $1,912,000 after purchasing an additional 12,585 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Equinor ASA by 30.0% in the 3rd quarter. Quantinno Capital Management LP now owns 37,531 shares of the company’s stock valued at $951,000 after purchasing an additional 8,663 shares during the period. Finally, IHT Wealth Management LLC grew its position in Equinor ASA by 74.5% in the 3rd quarter. IHT Wealth Management LLC now owns 27,064 shares of the company’s stock worth $693,000 after purchasing an additional 11,553 shares during the last quarter. 5.51% of the stock is owned by institutional investors.

Equinor ASA Trading Down 0.4 %

NYSE:EQNR opened at $24.10 on Tuesday. The company has a market capitalization of $67.29 billion, a P/E ratio of 7.39, a P/E/G ratio of 5.26 and a beta of 0.84. The stock’s 50 day moving average price is $24.50 and its 200 day moving average price is $26.19. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. Equinor ASA has a 52 week low of $22.15 and a 52 week high of $32.66.

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

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.