Equinor ASA (NYSE:EQNR) Plans $0.30 Quarterly Dividend

Equinor ASA (NYSE:EQNR - Get Free Report) announced a quarterly dividend on Wednesday, April 9th, Wall Street Journal reports. Shareholders of record on Friday, May 16th will be given a dividend of 0.304 per share on Wednesday, May 28th. This represents a $1.22 annualized dividend and a yield of 5.19%. The ex-dividend date is Friday, May 16th.

Equinor ASA has increased its dividend payment by an average of 34.1% per year over the last three years. Equinor ASA has a payout ratio of 42.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Equinor ASA to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 41.4%.

Equinor ASA Price Performance

Shares of EQNR traded up $0.19 during midday trading on Monday, hitting $23.44. The company's stock had a trading volume of 2,759,053 shares, compared to its average volume of 3,530,749. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. Equinor ASA has a one year low of $21.41 and a one year high of $29.32. The stock has a market capitalization of $65.46 billion, a price-to-earnings ratio of 7.54, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58. The company's fifty day simple moving average is $23.94 and its two-hundred day simple moving average is $24.12.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. As a group, equities analysts expect that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Remove Ads

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on EQNR shares. HSBC upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Monday, February 10th. Danske upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. StockNews.com cut Equinor ASA from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th. Morgan Stanley reduced their price objective on Equinor ASA from $30.90 to $28.20 and set an "overweight" rating on the stock in a research report on Monday, March 17th. Finally, Pareto Securities raised Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Equinor ASA currently has an average rating of "Moderate Buy" and an average target price 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.