Equinor ASA (EQNR) Projected to Post Earnings on Thursday

Equinor ASA (NYSE:EQNR - Get Free Report) is anticipated to release its earnings data before the market opens on Thursday, April 24th. Analysts expect Equinor ASA to post earnings of $0.84 per share and revenue of $27.16 billion for the quarter.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. On average, analysts expect Equinor ASA to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Equinor ASA Stock Performance

Shares of NYSE EQNR traded down $0.21 during midday trading on Friday, reaching $23.23. 4,820,803 shares of the company were exchanged, compared to its average volume of 3,519,961. The stock has a market cap of $64.89 billion, a P/E ratio of 7.47, a PEG ratio of 0.58 and a beta of 0.58. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. The stock has a fifty day simple moving average of $23.89 and a 200 day simple moving average of $24.07. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $29.32.

Equinor ASA Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Friday, May 16th will be given a dividend of $0.304 per share. This represents a $1.22 annualized dividend and a yield of 5.23%. The ex-dividend date of this dividend is Friday, May 16th. Equinor ASA's payout ratio is 38.91%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on EQNR. Pareto Securities upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. StockNews.com lowered shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 14th. Danske raised Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Morgan Stanley dropped their price objective on shares of Equinor ASA from $30.90 to $28.20 and set an "overweight" rating for the company in a research note on Monday, March 17th. Finally, Royal Bank of Canada reissued a "sector perform" rating on shares of Equinor ASA in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $28.10.

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.