Equinor ASA (NYSE:EQNR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Equinor ASA (NYSE:EQNR) have received an average rating of “Moderate Buy” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $29.45.

EQNR has been the topic of a number of analyst reports. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Citigroup upgraded Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Finally, StockNews.com lowered Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Tuesday.

Equinor ASA Stock Down 1.5 %

Shares of NYSE:EQNR opened at $24.56 on Wednesday. The firm has a market cap of $68.58 billion, a P/E ratio of 7.53, a P/E/G ratio of 1.29 and a beta of 0.84. The business has a fifty day simple moving average of $23.97 and a 200 day simple moving average of $25.13. The company has a quick ratio of 1.38, a current ratio of 1.48 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 $29.49.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $25.45 billion for the quarter, compared to analyst estimates of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same period in the previous year, the firm earned $0.92 earnings per share. Analysts predict that Equinor ASA will post 3.36 earnings per share for the current year.

Institutional Investors Weigh In On Equinor ASA

Several hedge funds and other institutional investors have recently modified their holdings of EQNR. Reston Wealth Management LLC bought a new stake in Equinor ASA during the 3rd quarter worth approximately $31,000. EverSource Wealth Advisors LLC boosted its position in shares of Equinor ASA by 27.1% during 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 last quarter. Bruce G. Allen Investments LLC grew its holdings in Equinor ASA by 363.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock worth $49,000 after buying an additional 1,512 shares in the last quarter. Brooklyn Investment Group purchased a new stake in Equinor ASA in the 4th quarter valued at $61,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Equinor ASA by 12.7% during the 3rd 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 in the last quarter. Institutional investors own 5.51% of the company’s stock.

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.