Equinor ASA (NYSE:EQNR) Given Average Rating of "Hold" by Brokerages

Shares of Equinor ASA (NYSE:EQNR - Get Free Report) have been given a consensus rating of "Hold" by the ten research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $26.90.

Several brokerages have recently issued reports on EQNR. Morgan Stanley raised Equinor ASA from an "underweight" rating to an "equal weight" rating and set a $25.80 price objective for the company in a report on Monday, October 14th. StockNews.com upgraded Equinor ASA from a "buy" rating to a "strong-buy" rating in a research note on Friday. Citigroup upgraded Equinor ASA to a "strong sell" rating in a research note on Wednesday, October 2nd. Berenberg Bank upgraded Equinor ASA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, November 27th. Finally, Redburn Atlantic upgraded Equinor ASA from a "neutral" rating to a "buy" rating in a research note on Wednesday, November 20th.

Equinor ASA Stock Up 2.0 %

Shares of Equinor ASA stock traded up $0.47 during trading on Tuesday, reaching $24.57. The company's stock had a trading volume of 2,193,470 shares, compared to its average volume of 3,396,693. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The company has a market cap of $68.62 billion, a price-to-earnings ratio of 7.53, a P/E/G ratio of 5.24 and a beta of 0.84. Equinor ASA has a 1-year low of $22.15 and a 1-year high of $32.66. The company has a 50-day simple moving average of $24.50 and a two-hundred day simple moving average of $26.19.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.74 by $0.05. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. The company had revenue of $25.45 billion during the quarter, compared to analysts' expectations of $24.45 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. As a group, equities analysts forecast that Equinor ASA will post 3.31 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. International Assets Investment Management LLC acquired a new position in Equinor ASA during the third quarter worth $1,933,000. Cetera Investment Advisers increased its position in shares of Equinor ASA by 52.7% during the second quarter. Cetera Investment Advisers now owns 69,718 shares of the company's stock worth $1,991,000 after acquiring an additional 24,052 shares during the period. Milestone Asset Management LLC purchased a new stake in shares of Equinor ASA during the second quarter worth $794,000. GSA Capital Partners LLP purchased a new stake in shares of Equinor ASA during the third quarter worth $2,509,000. Finally, Truist Financial Corp increased its holdings in Equinor ASA by 9.2% in the second quarter. Truist Financial Corp now owns 13,900 shares of the company's stock valued at $397,000 after buying an additional 1,167 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

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.