Equinor ASA (NYSE:EQNR) Receives Consensus Rating of "Moderate Buy" from Analysts

Equinor ASA (NYSE:EQNR - Get Free Report) has been given a consensus rating of "Moderate Buy" by the fifteen ratings firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $28.10.

Several equities research analysts have weighed in on EQNR shares. Pareto Securities raised Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. HSBC upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Hsbc Global Res upgraded shares of Equinor ASA to a "strong-buy" rating in a research note on Monday, February 10th. StockNews.com cut shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a report on Friday, February 14th. Finally, Morgan Stanley reduced their target price on shares of Equinor ASA from $30.90 to $28.20 and set an "overweight" rating for the company in a report on Monday, March 17th.

Equinor ASA Stock Up 3.0 %

Shares of Equinor ASA stock traded up $0.69 on Monday, reaching $23.25. The stock had a trading volume of 4,453,036 shares, compared to its average volume of 3,538,382. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $29.32. The company has a 50 day moving average price of $23.94 and a 200 day moving average price of $24.12. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $64.92 billion, a P/E ratio of 7.47, a P/E/G ratio of 0.58 and a beta of 0.58.

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

Equinor ASA Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Friday, May 16th will be paid a $0.304 dividend. The ex-dividend date of this dividend is Friday, May 16th. This represents a $1.22 dividend on an annualized basis and a yield of 5.23%. Equinor ASA's dividend payout ratio is currently 37.30%.

Institutional Investors Weigh In On Equinor ASA

Several institutional investors and hedge funds have recently added to or reduced their stakes in EQNR. Van ECK Associates Corp lifted its holdings in Equinor ASA by 3.1% during the fourth quarter. Van ECK Associates Corp now owns 16,288 shares of the company's stock valued at $386,000 after purchasing an additional 487 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Equinor ASA by 10.8% in the 4th quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company's stock valued at $123,000 after buying an additional 505 shares in the last quarter. Gallacher Capital Management LLC boosted its holdings in Equinor ASA by 2.7% in the 4th quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company's stock worth $464,000 after buying an additional 518 shares during the last quarter. Farther Finance Advisors LLC increased its stake in Equinor ASA by 10.6% during the 4th quarter. Farther Finance Advisors LLC now owns 6,173 shares of the company's stock worth $146,000 after buying an additional 593 shares in the last quarter. Finally, GeoWealth Management LLC raised its holdings in shares of Equinor ASA by 254.5% during the fourth quarter. GeoWealth Management LLC now owns 1,372 shares of the company's stock valued at $33,000 after acquiring an additional 985 shares during the last quarter. Hedge funds and other institutional investors own 5.51% of the company's stock.

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.