Equinor ASA (NYSE:EQNR – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $36.18, but opened at $34.03. Equinor ASA shares last traded at $34.1730, with a volume of 1,016,313 shares traded.
Analysts Set New Price Targets
A number of brokerages have recently weighed in on EQNR. TD Cowen upped their target price on Equinor ASA from $40.00 to $42.00 and gave the stock a “hold” rating in a research report on Friday, June 5th. Rothschild & Co Redburn raised Equinor ASA from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 9th. DZ Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, May 6th. Zacks Research lowered Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 25th. Finally, Weiss Ratings upgraded Equinor ASA from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Equinor ASA currently has a consensus rating of “Hold” and a consensus price target of $41.20.
View Our Latest Stock Report on Equinor ASA
Equinor ASA Price Performance
Equinor ASA (NYSE:EQNR – Get Free Report) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.47. The business had revenue of $28.40 billion during the quarter, compared to the consensus estimate of $28.73 billion. Equinor ASA had a return on equity of 20.01% and a net margin of 5.30%. On average, sell-side analysts anticipate that Equinor ASA will post 5.22 EPS for the current fiscal year.
Equinor ASA Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 27th. Shareholders of record on Friday, August 14th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, August 14th. Equinor ASA’s dividend payout ratio is 58.72%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of EQNR. Mirabella Financial Services LLP bought a new position in Equinor ASA in the 3rd quarter valued at $730,757,000. Arrowstreet Capital Limited Partnership grew its stake in Equinor ASA by 599.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,966,671 shares of the company’s stock valued at $547,194,000 after purchasing an additional 11,112,362 shares during the period. Bank of America Corp DE grew its stake in Equinor ASA by 30.2% in the 3rd quarter. Bank of America Corp DE now owns 15,759,942 shares of the company’s stock valued at $384,227,000 after purchasing an additional 3,659,611 shares during the period. JPMorgan Chase & Co. grew its stake in Equinor ASA by 1,437.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,286,328 shares of the company’s stock valued at $55,741,000 after purchasing an additional 2,137,642 shares during the period. Finally, CIBC Bancorp USA Inc. purchased a new position in shares of Equinor ASA during the 3rd quarter valued at $21,366,000. Institutional investors own 5.51% of the company’s stock.
Equinor ASA Company Profile
Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.
In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.
Featured Stories
- Five stocks we like better than Equinor ASA
- RH’s Strong Q1 Still Leaves Investors With One Big Question
- Iran Ceasefire or Not, These 3 Companies Could Win
- Gold Is Testing Its 200-Day SMA—These 3 Mining Stocks Are the Play
- Summer Is Coming–But There’s No End in Sight for This Crypto Winter
Receive News & Ratings for Equinor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinor ASA and related companies with MarketBeat.com's FREE daily email newsletter.
