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

Equinor ASA (NYSE:EQNR) has earned an average rating of “Hold” from the nine brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $26.90.

Several research firms recently weighed in on EQNR. Citigroup upgraded Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target on the stock in a report on Monday, October 14th. JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th.

Hedge Funds Weigh In On Equinor ASA

A number of institutional investors have recently modified their holdings of the stock. Wellington Management Group LLP boosted its holdings 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 valued at $95,019,000 after purchasing an additional 132,157 shares during the period. Teachers Retirement System of The State of Kentucky grew its position in shares of Equinor ASA by 1.4% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 862,570 shares of the company’s stock worth $24,635,000 after buying an additional 11,500 shares in the last quarter. Fisher Asset Management LLC increased its stake in shares of Equinor ASA by 3.2% during the third quarter. Fisher Asset Management LLC now owns 522,763 shares of the company’s stock valued at $13,242,000 after buying an additional 16,303 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Equinor ASA by 0.6% in the second quarter. Bank of New York Mellon Corp now owns 479,848 shares of the company’s stock valued at $13,704,000 after acquiring an additional 2,894 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Equinor ASA by 13.3% in the second quarter. Envestnet Asset Management Inc. now owns 416,585 shares of the company’s stock worth $11,898,000 after acquiring an additional 49,029 shares during the period. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Stock Performance

NYSE:EQNR opened at $23.06 on Friday. The company has a market cap of $64.40 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 1.20 and a beta of 0.84. Equinor ASA has a 1 year low of $21.85 and a 1 year high of $32.66. The stock’s 50 day simple moving average is $23.63 and its two-hundred day simple moving average is $25.50. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The company had revenue of $25.45 billion for the quarter, compared to the consensus estimate of $24.45 billion. During the same quarter in the prior year, the firm earned $0.92 earnings per share. As a group, equities analysts anticipate that Equinor ASA will post 3.35 earnings per share 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.