Equinor ASA (NYSE:EQNR) Price Target Lowered to $28.20 at Morgan Stanley

Equinor ASA (NYSE:EQNR) had its price target reduced by Morgan Stanley from $30.90 to $28.20 in a research report report published on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also weighed in on EQNR. Pareto Securities raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. DZ Bank raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.10.

Equinor ASA Trading Up 1.7 %

NYSE EQNR opened at $24.72 on Monday. The stock has a market capitalization of $69.02 billion, a price-to-earnings ratio of 7.95, a PEG ratio of 0.58 and a beta of 0.79. Equinor ASA has a one year low of $21.85 and a one year high of $29.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. The business’s fifty day moving average is $23.92 and its 200-day moving average is $24.18.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. Equities research analysts predict that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.35 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.40 dividend on an annualized basis and a yield of 5.66%. Equinor ASA’s payout ratio is 37.30%.

Institutional Trading of Equinor ASA

Hedge funds have recently bought and sold shares of the company. Van ECK Associates Corp lifted its position in Equinor ASA by 3.1% in the fourth quarter. Van ECK Associates Corp now owns 16,288 shares of the company’s stock valued at $386,000 after purchasing an additional 487 shares during the last quarter. Jones Financial Companies Lllp lifted its position in Equinor ASA by 10.8% in the fourth quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company’s stock valued at $123,000 after purchasing an additional 505 shares during the last quarter. Gallacher Capital Management LLC raised its holdings in shares of Equinor ASA by 2.7% during the fourth quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company’s stock valued at $464,000 after acquiring an additional 518 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Equinor ASA by 10.6% during the fourth quarter. Farther Finance Advisors LLC now owns 6,173 shares of the company’s stock valued at $146,000 after acquiring an additional 593 shares in the last quarter. Finally, GeoWealth Management LLC raised its holdings in shares of Equinor ASA by 254.5% during the fourth quarter. GeoWealth Management LLC now owns 1,372 shares of the company’s stock valued at $33,000 after acquiring an additional 985 shares in the last quarter. Institutional investors own 5.51% of the company’s stock.

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.