Equinor ASA (NYSE:EQNR) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Equinor ASA (NYSE:EQNR - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the fifteen ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $29.45.

EQNR has been the topic of several research analyst reports. Hsbc Global Res raised shares of Equinor ASA to a "strong-buy" rating in a research report on Monday, February 10th. JPMorgan Chase & Co. raised shares of Equinor ASA from an "underweight" rating to an "overweight" rating in a research report on Monday, December 9th. Pareto Securities raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Morgan Stanley raised shares of Equinor ASA from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $25.80 to $30.90 in a research report on Tuesday, January 7th. Finally, Barclays raised shares of Equinor ASA from an "equal weight" rating to an "overweight" rating in a research report on Monday, November 25th.

Institutional Trading of Equinor ASA

Several institutional investors and hedge funds have recently bought and sold shares of the business. Folketrygdfondet lifted its stake in shares of Equinor ASA by 4.0% in the 4th quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock valued at $2,640,631,000 after purchasing an additional 4,300,472 shares during the period. Wellington Management Group LLP lifted its stake in shares of Equinor ASA by 10.7% in the 4th quarter. Wellington Management Group LLP now owns 4,151,104 shares of the company's stock valued at $98,340,000 after purchasing an additional 399,861 shares during the period. Bank of America Corp DE lifted its stake in shares of Equinor ASA by 4.8% in the 4th quarter. Bank of America Corp DE now owns 4,121,392 shares of the company's stock valued at $97,636,000 after purchasing an additional 188,709 shares during the period. Marshall Wace LLP lifted its stake in shares of Equinor ASA by 3,159.0% in the 4th quarter. Marshall Wace LLP now owns 2,649,389 shares of the company's stock valued at $62,764,000 after purchasing an additional 2,568,095 shares during the period. Finally, Voloridge Investment Management LLC lifted its stake in shares of Equinor ASA by 958.7% in the 4th quarter. Voloridge Investment Management LLC now owns 1,447,536 shares of the company's stock valued at $34,292,000 after purchasing an additional 1,310,812 shares during the period. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Equinor ASA Stock Up 2.1 %

Shares of Equinor ASA stock traded up $0.50 on Thursday, reaching $24.28. The stock had a trading volume of 2,636,316 shares, compared to its average volume of 4,530,637. The company has a 50 day moving average price of $23.93 and a 200 day moving average price of $24.22. 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 1 year low of $21.85 and a 1 year high of $29.32. The stock has a market capitalization of $67.81 billion, a P/E ratio of 7.81, a P/E/G ratio of 0.58 and a beta of 0.79.

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 (EPS) for the quarter, missing analysts' consensus estimates 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 Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 5.77%. The ex-dividend date of this dividend was Friday, February 14th. Equinor ASA's payout ratio is 37.30%.

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.