Equinor ASA to Issue Quarterly Dividend of $0.30 (NYSE:EQNR)

Equinor ASA (NYSE:EQNR) declared a quarterly dividend on Wednesday, April 9th, Wall Street Journal reports. Shareholders of record on Friday, May 16th will be given a dividend of 0.304 per share on Wednesday, May 28th. This represents a $1.22 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date is Friday, May 16th.

Equinor ASA has increased its dividend payment by an average of 34.1% per year over the last three years. Equinor ASA has a dividend payout ratio of 47.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Equinor ASA to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 43.8%.

Equinor ASA Trading Up 2.3%

NYSE EQNR opened at $23.63 on Wednesday. Equinor ASA has a 12 month low of $21.41 and a 12 month high of $29.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. The company has a market capitalization of $65.99 billion, a price-to-earnings ratio of 7.60, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. The company’s fifty day moving average price is $23.88 and its two-hundred day moving average price is $23.79.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. The business had revenue of $27.14 billion during the quarter, compared to the consensus estimate of $27.16 billion. As a group, research analysts predict that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EQNR. Morgan Stanley downgraded shares of Equinor ASA from an “overweight” rating to an “equal weight” rating and set a $22.70 price target on the stock. in a research report on Monday. DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. HSBC raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, February 10th. Danske raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Finally, StockNews.com cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Friday, February 14th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating, seven have assigned 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 price target of $20.85.

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.