Equinor ASA (EQNR) Expected to Announce Earnings on Wednesday

Equinor ASA (NYSE:EQNR) is expected to be posting its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Equinor ASA to post earnings of $0.82 per share and revenue of $24.40 billion for the quarter.

Equinor ASA Price Performance

NYSE EQNR opened at $23.57 on Wednesday. The company has a market capitalization of $65.81 billion, a PE ratio of 7.23, a price-to-earnings-growth ratio of 1.19 and a beta of 0.84. 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 business’s fifty day moving average is $24.03 and its 200 day moving average is $25.01. Equinor ASA has a fifty-two week low of $21.85 and a fifty-two week high of $29.49.

Equinor ASA Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 5.94%. Equinor ASA’s dividend payout ratio (DPR) is presently 35.89%.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report 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. Morgan Stanley upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $25.80 to $30.90 in a research report on Tuesday, January 7th. StockNews.com upgraded Equinor ASA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Finally, Berenberg Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.45.

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.