Equinor ASA (NYSE:EQNR) Stock Rating Lowered by StockNews.com

Equinor ASA (NYSE:EQNR) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Friday.

Several other equities analysts have also recently weighed in on EQNR. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Morgan Stanley upgraded 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 report on Monday, October 14th. JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Finally, Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $26.90.

Equinor ASA Trading Up 2.6 %

EQNR opened at $25.20 on Friday. Equinor ASA has a fifty-two week low of $21.85 and a fifty-two week high of $32.66. The firm has a market capitalization of $70.38 billion, a PE ratio of 7.73, a P/E/G ratio of 1.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The company’s 50-day moving average is $23.57 and its 200 day moving average is $25.38.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. The firm had revenue of $25.45 billion during the quarter, compared to analyst estimates of $24.45 billion. During the same period in the previous year, the company posted $0.92 EPS. As a group, research analysts predict that Equinor ASA will post 3.35 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Equinor ASA

Institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC lifted its holdings in Equinor ASA by 27.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after purchasing an additional 365 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Equinor ASA by 2.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company’s stock valued at $480,000 after buying an additional 440 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in Equinor ASA by 12.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock worth $122,000 after buying an additional 543 shares during the period. Profund Advisors LLC grew its stake in Equinor ASA by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 19,260 shares of the company’s stock valued at $550,000 after buying an additional 559 shares in the last quarter. Finally, Gallacher Capital Management LLC raised its holdings in Equinor ASA by 3.9% during the 2nd quarter. Gallacher Capital Management LLC now owns 16,303 shares of the company’s stock valued at $466,000 after acquiring an additional 615 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

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.