Equinor ASA (NYSE:EQNR) Given Average Recommendation of “Hold” by Brokerages

Equinor ASA (NYSE:EQNR) has received an average recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $26.90.

A number of research firms have commented on EQNR. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective for the company in a report on Monday, October 14th. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Finally, Citigroup raised Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio acquired a new stake in Equinor ASA during the 3rd quarter worth about $3,685,000. Wellington Management Group LLP lifted its position in shares of Equinor ASA by 3.7% in the third quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock worth $95,019,000 after purchasing an additional 132,157 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of Equinor ASA by 20.0% during the third quarter. Stifel Financial Corp now owns 75,475 shares of the company’s stock worth $1,912,000 after purchasing an additional 12,585 shares during the period. Quantinno Capital Management LP grew its position in Equinor ASA by 30.0% during the third quarter. Quantinno Capital Management LP now owns 37,531 shares of the company’s stock valued at $951,000 after purchasing an additional 8,663 shares in the last quarter. Finally, IHT Wealth Management LLC increased its stake in Equinor ASA by 74.5% in the 3rd quarter. IHT Wealth Management LLC now owns 27,064 shares of the company’s stock valued at $693,000 after buying an additional 11,553 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Performance

Equinor ASA stock opened at $24.10 on Tuesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The firm’s fifty day moving average price is $24.50 and its 200 day moving average price is $26.19. The company has a market capitalization of $67.29 billion, a price-to-earnings ratio of 7.39, a price-to-earnings-growth ratio of 5.26 and a beta of 0.84. Equinor ASA has a 12-month low of $22.15 and a 12-month high of $32.66.

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

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.