Equinor ASA (NYSE:EQNR) Receives $26.90 Average Target Price from Brokerages

Equinor ASA (NYSE:EQNR) has received a consensus rating of “Hold” from the nine analysts that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $26.90.

EQNR has been the subject of several research reports. Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. StockNews.com upgraded Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 20th. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. Finally, Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th.

Equinor ASA Stock Up 1.1 %

NYSE:EQNR opened at $23.32 on Friday. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $32.66. The company has a market capitalization of $65.13 billion, a PE ratio of 7.15, a P/E/G ratio of 1.20 and a beta of 0.84. The firm’s 50-day moving average price is $23.61 and its 200-day moving average price is $25.44. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $25.45 billion during 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 EPS. On average, equities analysts predict that Equinor ASA will post 3.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Reston Wealth Management LLC purchased a new position in Equinor ASA in the 3rd quarter worth approximately $31,000. Rothschild Investment LLC purchased a new position in shares of Equinor ASA in the second quarter worth $32,000. EverSource Wealth Advisors LLC boosted its position in shares of 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 acquiring an additional 365 shares during the last quarter. Bruce G. Allen Investments LLC grew its stake 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 valued at $49,000 after acquiring an additional 1,512 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Equinor ASA during the second quarter valued at $51,000. Hedge funds and other institutional investors own 5.51% of the company’s stock.

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.