Shares of Equinor ASA (NYSE:EQNR – Get Free Report) have earned a consensus recommendation of “Hold” from the eighteen research firms that are covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $43.47.
A number of brokerages have recently commented on EQNR. DZ Bank downgraded Equinor ASA from a “buy” rating to a “hold” rating in a research report on Wednesday, October 28th. Zacks Research upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 25th. SEB Equity Research reiterated a “sell” rating on shares of Equinor ASA in a research report on Friday, October 2nd. Morningstar lowered Equinor ASA to a “sell” rating in a research note on Thursday, July 23rd. Finally, TD Cowen lifted their price target on Equinor ASA from $38.00 to $41.00 and gave the company a “hold” rating in a report on Monday, September 28th.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC acquired a new stake in Equinor ASA during the first quarter worth about $35,000. Financial Network Wealth Advisors LLC raised its holdings in shares of Equinor ASA by 93.1% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 840 shares of the company’s stock worth $35,000 after purchasing an additional 405 shares during the period. Assetmark Inc. lifted its stake in shares of Equinor ASA by 130.2% in the 1st quarter. Assetmark Inc. now owns 1,036 shares of the company’s stock valued at $44,000 after purchasing an additional 586 shares in the last quarter. Eastern Bank acquired a new position in shares of Equinor ASA in the 2nd quarter valued at about $35,000. Finally, V Square Quantitative Management LLC acquired a new position in shares of Equinor ASA in the 1st quarter valued at about $79,000. 5.51% of the stock is currently owned by hedge funds and other institutional investors.
Equinor ASA Stock Down 0.7%
EQNR stock opened at $42.51 on Tuesday. The stock has a market capitalization of $101.62 billion, a P/E ratio of 8.88, a PEG ratio of 1.20 and a beta of 0.12. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.07 and a current ratio of 1.16. Equinor ASA has a one year low of $22.26 and a one year high of $49.08. The company has a 50 day moving average price of $44.20 and a two-hundred day moving average price of $37.82.
Equinor ASA (NYSE:EQNR – Get Free Report) last issued its quarterly earnings results on Tuesday, October 27th. The company reported $1.20 earnings per share for the quarter, missing the consensus estimate of $1.38 by ($0.18). Equinor ASA had a net margin of 9.71% and a return on equity of 27.45%. The business had revenue of $32.96 billion during the quarter, compared to analyst estimates of $33.30 billion. As a group, sell-side analysts expect that Equinor ASA will post 5.67 EPS for the current year.
Equinor ASA Company Profile
Equinor ASA is a Norwegian energy company headquartered in Stavanger, Norway. Founded in 1972 as Den norske stats oljeselskap, the company was later known as Statoil and StatoilHydro before adopting the Equinor name in 2018. The Norwegian state remains its largest shareholder.
Equinor’s core business is the exploration, development, production and marketing of oil and natural gas, with Norway’s continental shelf serving as its principal operating area. The company also processes and markets energy products and supplies natural gas and crude oil to customers in Europe and other international markets.
In addition to its oil and gas operations, Equinor is developing lower-carbon energy businesses, including offshore wind, solar power, carbon capture and storage, and other renewable energy projects.
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