Equinor ASA (NYSE:EQNR – Get Free Report) has received a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, ten have given a hold recommendation, one has given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $39.20.
Several research firms have recently issued reports on EQNR. DZ Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. 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 shares of Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. TD Cowen boosted their price objective 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. Finally, Wall Street Zen downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 22nd.
View Our Latest Report on EQNR
Hedge Funds Weigh In On Equinor ASA
Equinor ASA Stock Performance
Equinor ASA stock opened at $41.36 on Thursday. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.56. The firm has a 50-day moving average of $37.27 and a 200-day moving average of $36.53. The firm has a market cap of $98.88 billion, a P/E ratio of 11.27, a P/E/G ratio of 2.72 and a beta of 0.04. Equinor ASA has a 1-year low of $22.26 and a 1-year high of $43.46.
Equinor ASA (NYSE:EQNR – Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.06). The business had revenue of $34.02 billion for the quarter, compared to analysts’ expectations of $34.03 billion. Equinor ASA had a net margin of 7.92% and a return on equity of 23.60%. Sell-side analysts expect that Equinor ASA will post 4.93 EPS for the current year.
Equinor ASA Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.8%. Equinor ASA’s payout ratio is presently 34.88%.
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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