Equinor ASA (NYSE:EQNR – Get Free Report) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.
Several other analysts also recently commented on the company. Pareto Securities downgraded Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Friday, March 27th. Wall Street Zen raised Equinor ASA from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Friday, March 20th. Rothschild & Co Redburn raised Equinor ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Finally, DZ Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $40.20.
Read Our Latest Research Report on EQNR
Equinor ASA Stock Performance
Equinor ASA (NYSE:EQNR – Get Free Report) last posted its quarterly earnings results on Tuesday, May 5th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.47. The company had revenue of $28.40 billion for 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%. Equities research analysts forecast that Equinor ASA will post 5.1 EPS for the current year.
Institutional Trading of Equinor ASA
Several hedge funds and other institutional investors have recently modified their holdings of the company. Blair William & Co. IL raised its stake in shares of Equinor ASA by 2.7% in the 4th quarter. Blair William & Co. IL now owns 14,837 shares of the company’s stock valued at $351,000 after purchasing an additional 389 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Equinor ASA by 1.2% in the 3rd quarter. PNC Financial Services Group Inc. now owns 37,331 shares of the company’s stock valued at $910,000 after purchasing an additional 428 shares during the period. Ballentine Partners LLC raised its stake in shares of Equinor ASA by 5.0% in the 3rd quarter. Ballentine Partners LLC now owns 9,039 shares of the company’s stock valued at $220,000 after purchasing an additional 434 shares during the period. National Bank of Canada FI raised its stake in shares of Equinor ASA by 1.1% in the 3rd quarter. National Bank of Canada FI now owns 39,045 shares of the company’s stock valued at $952,000 after purchasing an additional 437 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Equinor ASA by 7.8% in the 4th quarter. GAMMA Investing LLC now owns 6,148 shares of the company’s stock valued at $145,000 after purchasing an additional 445 shares during the period. Institutional investors and hedge funds 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.
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