Equinor ASA (NYSE:EQNR) Receives $26.90 Average Price Target from Analysts

Equinor ASA (NYSE:EQNR - Get Free Report) has been given a consensus rating of "Hold" by the nine ratings firms that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $26.90.

A number of research analysts have issued reports on EQNR shares. Redburn Atlantic upgraded Equinor ASA from a "neutral" rating to a "buy" rating in a research report on Wednesday, November 20th. Barclays raised shares of Equinor ASA from an "equal weight" rating to an "overweight" rating in a report on Monday, November 25th. StockNews.com raised shares of Equinor ASA from a "buy" rating to a "strong-buy" rating in a research note on Friday, December 20th. Berenberg Bank raised shares of Equinor ASA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. upgraded Equinor ASA from an "underweight" rating to an "overweight" rating in a research note on Monday, December 9th.

Institutional Trading of Equinor ASA

Several institutional investors have recently modified their holdings of EQNR. Mediolanum International Funds Ltd acquired a new stake in Equinor ASA during the 3rd quarter valued at approximately $6,203,000. Commonwealth Equity Services LLC raised its stake in Equinor ASA by 1,334.9% during the second quarter. Commonwealth Equity Services LLC now owns 176,993 shares of the company's stock worth $5,055,000 after buying an additional 164,658 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Equinor ASA in the third quarter valued at $3,685,000. Cambridge Investment Research Advisors Inc. boosted its position in Equinor ASA by 401.2% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 172,737 shares of the company's stock valued at $4,933,000 after acquiring an additional 138,273 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Equinor ASA by 3.7% during the 3rd quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company's stock worth $95,019,000 after acquiring an additional 132,157 shares during the period. Institutional investors own 5.51% of the company's stock.

Equinor ASA Price Performance

Shares of Equinor ASA stock traded up $0.37 on Friday, reaching $23.06. 2,616,056 shares of the stock were exchanged, compared to its average volume of 3,333,669. 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 firm has a market cap of $64.40 billion, a PE ratio of 7.07, a P/E/G ratio of 1.20 and a beta of 0.84. The firm's 50 day moving average is $23.63 and its 200-day moving average is $25.48. Equinor ASA has a one year low of $21.85 and a one year high of $32.66.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its 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. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. The firm had revenue of $25.45 billion during the quarter, compared to analysts' expectations of $24.45 billion. During the same period in the prior year, the company earned $0.92 earnings per share. As a group, analysts anticipate that Equinor ASA will post 3.35 EPS for the current fiscal year.

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.