Equinor ASA (NYSE:EQNR) Rating Increased to Overweight at Barclays

Barclays upgraded shares of Equinor ASA (NYSE:EQNR) from an equal weight rating to an overweight rating in a research report report published on Monday, Marketbeat.com reports.

A number of other equities research analysts also recently commented on EQNR. Citigroup upgraded Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 21st. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Morgan Stanley raised 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 report on Monday, October 14th. Finally, UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 8th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $26.90.

Equinor ASA Trading Down 1.3 %

Shares of EQNR opened at $24.36 on Monday. The stock has a fifty day moving average price of $24.56 and a two-hundred day moving average price of $26.31. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. The company has a market cap of $68.03 billion, a price-to-earnings ratio of 7.47, a PEG ratio of 5.37 and a beta of 0.84. Equinor ASA has a 52-week low of $22.15 and a 52-week high of $33.19.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, topping 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 during the quarter, compared to the consensus estimate of $24.45 billion. During the same period in the previous year, the firm posted $0.92 earnings per share. Analysts predict that Equinor ASA will post 3.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Equinor ASA

Hedge funds have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC increased its stake in shares of Equinor ASA by 27.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after buying an additional 365 shares during the period. Crossmark Global Holdings Inc. raised its position in shares of Equinor ASA by 0.7% during the second quarter. Crossmark Global Holdings Inc. now owns 56,658 shares of the company’s stock worth $1,618,000 after acquiring an additional 402 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Equinor ASA by 2.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company’s stock worth $480,000 after acquiring an additional 440 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in Equinor ASA by 12.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock valued at $122,000 after acquiring an additional 543 shares during the last quarter. Finally, Profund Advisors LLC lifted its holdings in Equinor ASA by 3.0% in the second quarter. Profund Advisors LLC now owns 19,260 shares of the company’s stock valued at $550,000 after buying an additional 559 shares during the period. 5.51% of the stock is currently owned by institutional investors and hedge funds.

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.