Equinor ASA (NYSE:EQNR – Get Free Report) was upgraded by investment analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.
EQNR has been the subject of several other reports. Zacks Research downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. TD Cowen upped their price target on shares of Equinor ASA from $37.00 to $38.00 and gave the company a “hold” rating in a research report on Friday, July 24th. Royal Bank Of Canada raised Equinor ASA from an “underperform” rating to a “sector perform” rating in a research note on Thursday, July 23rd. Weiss Ratings upgraded Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Finally, DZ Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $39.20.
Read Our Latest Report on Equinor ASA
Equinor ASA Stock Down 0.1%
Equinor ASA (NYSE:EQNR – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.06). Equinor ASA had a return on equity of 23.60% and a net margin of 7.92%.The business had revenue of $34.02 billion during the quarter, compared to the consensus estimate of $34.03 billion. As a group, analysts expect that Equinor ASA will post 4.93 EPS for the current fiscal year.
Institutional Investors Weigh In On Equinor ASA
Several institutional investors and hedge funds have recently modified their holdings of EQNR. UMB Bank n.a. increased its position in shares of Equinor ASA by 1,794.0% during the fourth quarter. UMB Bank n.a. now owns 1,269 shares of the company’s stock valued at $30,000 after buying an additional 1,202 shares during the period. Global Retirement Partners LLC lifted its holdings in Equinor ASA by 86.2% in the fourth quarter. Global Retirement Partners LLC now owns 1,318 shares of the company’s stock worth $31,000 after buying an additional 610 shares during the period. Cassaday & Co Wealth Management LLC bought a new stake in Equinor ASA during the 1st quarter valued at approximately $35,000. Eastern Bank bought a new stake in Equinor ASA during the 2nd quarter valued at approximately $35,000. Finally, McIlrath & Eck LLC bought a new stake in Equinor ASA during the 2nd quarter valued at approximately $36,000. 5.51% of the stock is owned by hedge funds and other institutional investors.
About Equinor ASA
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.
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