Equinor ASA (NYSE:EQNR) Stock Rating Lowered by StockNews.com

Equinor ASA (NYSE:EQNR) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts have also issued reports on EQNR. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price for the company in a research note on Monday, October 14th. Berenberg Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. upgraded Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.90.

Equinor ASA Stock Performance

Shares of EQNR opened at $23.18 on Thursday. Equinor ASA has a 12 month low of $22.15 and a 12 month high of $32.66. The stock has a fifty day moving average price of $24.13 and a 200-day moving average price of $25.90. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The firm has a market cap of $64.74 billion, a PE ratio of 7.11, a P/E/G ratio of 1.23 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $24.45 billion. During the same quarter in the prior year, the business posted $0.92 EPS. Equities research analysts predict that Equinor ASA will post 3.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equinor ASA

Institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in shares of Equinor ASA during the 3rd quarter valued at about $1,933,000. Cetera Investment Advisers grew its position in shares of Equinor ASA by 52.7% during the 2nd quarter. Cetera Investment Advisers now owns 69,718 shares of the company’s stock valued at $1,991,000 after acquiring an additional 24,052 shares during the period. GSA Capital Partners LLP acquired a new stake in Equinor ASA in the 3rd quarter worth about $2,509,000. Milestone Asset Management LLC acquired a new stake in Equinor ASA in the 2nd quarter worth about $794,000. Finally, Truist Financial Corp boosted its holdings in Equinor ASA by 9.2% in the 2nd quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock worth $397,000 after buying an additional 1,167 shares during the last quarter. 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.