Equinor ASA (NYSE:EQNR) Upgraded at StockNews.com

Equinor ASA (NYSE:EQNR - Get Free Report) was upgraded by investment analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a report issued on Friday.

A number of other research firms have also weighed in on EQNR. Barclays raised shares of Equinor ASA from an "equal weight" rating to an "overweight" rating in a report on Monday, November 25th. Citigroup raised shares of Equinor ASA to a "strong sell" rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. raised Equinor ASA from an "underweight" rating to an "overweight" rating in a research note on Monday, December 9th. 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 raised Equinor ASA from a "neutral" rating to a "buy" rating in a report on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Equinor ASA has an average rating of "Moderate Buy" and a consensus target price of $26.90.

Equinor ASA Stock Performance

Shares of NYSE:EQNR traded up $0.04 during trading on Friday, hitting $22.29. 2,332,033 shares of the company were exchanged, compared to its average volume of 3,360,235. The company has a market cap of $62.25 billion, a PE ratio of 6.84, a P/E/G ratio of 1.20 and a beta of 0.84. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $32.66. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The stock has a 50 day moving average of $23.81 and a 200 day moving average of $25.67.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its earnings results on Thursday, October 24th. The company reported $0.79 EPS 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 business had revenue of $25.45 billion during the quarter, compared to the consensus estimate of $24.45 billion. During the same quarter last year, the company earned $0.92 EPS. As a group, equities research analysts predict that Equinor ASA will post 3.35 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of EQNR. Mediolanum International Funds Ltd bought a new stake in shares of Equinor ASA during the third quarter valued at approximately $6,203,000. Commonwealth Equity Services LLC increased its holdings in shares of Equinor ASA by 1,334.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 176,993 shares of the company's stock worth $5,055,000 after purchasing an additional 164,658 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Equinor ASA during the third quarter valued at $3,685,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of 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 buying an additional 138,273 shares during the last quarter. Finally, Wellington Management Group LLP increased its holdings in Equinor ASA by 3.7% in the 3rd quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company's stock worth $95,019,000 after buying an additional 132,157 shares in the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

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.