Equinor ASA (EQNR) Set to Announce Quarterly Earnings on Thursday

Equinor ASA (NYSE:EQNR) will be issuing its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.75 per share for the quarter.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, July 24th. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03. The business had revenue of $25.54 billion for the quarter, compared to the consensus estimate of $25.93 billion. Equinor ASA had a net margin of 9.11% and a return on equity of 20.65%. During the same period last year, the firm posted $0.74 earnings per share. On average, analysts expect Equinor ASA to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Equinor ASA Stock Performance

Equinor ASA stock opened at $24.19 on Thursday. The firm’s 50 day simple moving average is $25.99 and its 200-day simple moving average is $27.04. The company has a market cap of $71.23 billion, a P/E ratio of 7.49, a price-to-earnings-growth ratio of 2.35 and a beta of 0.83. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.53 and a quick ratio of 1.43. Equinor ASA has a fifty-two week low of $24.02 and a fifty-two week high of $34.73.

Equinor ASA Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 19th were given a dividend of $0.35 per share. This represents a yield of 4.1%. The ex-dividend date was Monday, August 19th. Equinor ASA’s payout ratio is presently 43.34%.

Analysts Set New Price Targets

EQNR has been the topic of a number of research analyst reports. Barclays raised shares of Equinor ASA to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. TD Cowen decreased their target price on shares of Equinor ASA from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, July 10th. StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 29th. Finally, UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $26.90.

About Equinor ASA

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.