Equinor ASA (NYSE:EQNR) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Equinor ASA (NYSE:EQNR) from a buy rating to a strong-buy rating in a research note released on Monday.

EQNR has been the topic of a number of other research reports. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Berenberg Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Morgan Stanley upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $25.80 to $30.90 in a research report on Tuesday, January 7th. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Finally, Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Equinor ASA currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.45.

Equinor ASA Trading Up 2.0 %

Shares of Equinor ASA stock opened at $25.78 on Monday. The company’s 50-day moving average price is $23.74 and its 200-day moving average price is $25.25. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. Equinor ASA has a 12-month low of $21.85 and a 12-month high of $29.75. The company has a market cap of $72.00 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 1.20 and a beta of 0.84.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Choreo LLC purchased a new stake in shares of Equinor ASA during the 2nd quarter valued at about $279,000. Daiwa Securities Group Inc. boosted its stake in shares of Equinor ASA by 4.2% during the second quarter. Daiwa Securities Group Inc. now owns 37,694 shares of the company’s stock valued at $1,077,000 after purchasing an additional 1,529 shares during the period. American Century Companies Inc. grew its stake in Equinor ASA by 6.8% in the 2nd quarter. American Century Companies Inc. now owns 230,252 shares of the company’s stock worth $6,576,000 after acquiring an additional 14,705 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Equinor ASA by 13.3% during the second quarter. Envestnet Asset Management Inc. now owns 416,585 shares of the company’s stock valued at $11,898,000 after acquiring an additional 49,029 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Equinor ASA by 21.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 32,709 shares of the company’s stock valued at $913,000 after purchasing an additional 5,680 shares during the period. 5.51% of the stock is currently owned by institutional investors.

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.