Equinor ASA (NYSE:EQNR) Upgraded at StockNews.com

Equinor ASA (NYSE:EQNR) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Friday.

EQNR has been the subject of several other research reports. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective on the stock in a research note on Monday, October 14th. Finally, UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Equinor ASA presently has a consensus rating of “Hold” and an average price target of $26.90.

Equinor ASA Stock Up 2.0 %

Shares of NYSE EQNR opened at $24.37 on Friday. The stock has a market cap of $68.06 billion, a P/E ratio of 7.48, a P/E/G ratio of 5.30 and a beta of 0.84. The firm has a 50 day moving average price of $24.52 and a 200 day moving average price of $26.25. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. Equinor ASA has a 52-week low of $22.15 and a 52-week high of $32.87.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.05. The company had revenue of $25.45 billion during the quarter, compared to analysts’ expectations of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same quarter in the prior year, the company earned $0.92 earnings per share. Analysts expect that Equinor ASA will post 3.31 EPS for the current year.

Institutional Investors Weigh In On Equinor ASA

Hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC bought a new position in Equinor ASA during the 1st quarter worth approximately $670,000. GAMMA Investing LLC increased its stake in shares of Equinor ASA by 44.8% in the 2nd quarter. GAMMA Investing LLC now owns 2,142 shares of the company’s stock valued at $61,000 after acquiring an additional 663 shares in the last quarter. Mather Group LLC. grew its position in Equinor ASA by 36.1% in the 2nd quarter. Mather Group LLC. now owns 24,036 shares of the company’s stock valued at $650,000 after purchasing an additional 6,378 shares during the period. CWM LLC grew its position in Equinor ASA by 29.6% in the 2nd quarter. CWM LLC now owns 2,823 shares of the company’s stock valued at $81,000 after purchasing an additional 645 shares during the period. Finally, Atwood & Palmer Inc. acquired a new stake in Equinor ASA in the 2nd quarter valued at $25,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Company Profile

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.