Equinor ASA (NYSE:EQNR) Shares Gap Down - Should You Sell?

Equinor ASA (NYSE:EQNR - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $23.19, but opened at $22.61. Equinor ASA shares last traded at $22.53, with a volume of 441,219 shares trading hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on EQNR. Berenberg Bank raised Equinor ASA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, November 27th. Barclays raised Equinor ASA from an "equal weight" rating to an "overweight" rating in a research report on Monday, November 25th. Morgan Stanley raised Equinor ASA from an "underweight" rating to an "equal weight" rating and set a $25.80 target price for the company in a research report on Monday, October 14th. JPMorgan Chase & Co. raised Equinor ASA from an "underweight" rating to an "overweight" rating in a research report on Monday, December 9th. Finally, StockNews.com lowered Equinor ASA from a "strong-buy" rating to a "buy" rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Equinor ASA currently has a consensus rating of "Hold" and an average target price of $26.90.

Equinor ASA Trading Down 3.6 %

The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The company has a market cap of $62.42 billion, a PE ratio of 6.87, a price-to-earnings-growth ratio of 1.20 and a beta of 0.84. The firm has a fifty day moving average of $24.13 and a two-hundred day moving average of $25.86.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.05. The business had revenue of $25.45 billion during the quarter, compared to analyst estimates of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same quarter in the previous year, the firm earned $0.92 EPS. As a group, sell-side analysts predict that Equinor ASA will post 3.35 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in EQNR. CWM LLC boosted its position in shares of Equinor ASA by 29.6% during the 2nd quarter. CWM LLC now owns 2,823 shares of the company's stock valued at $81,000 after acquiring an additional 645 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Equinor ASA by 27.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,598 shares of the company's stock valued at $274,000 after acquiring an additional 2,053 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Equinor ASA by 3.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 18,114 shares of the company's stock valued at $517,000 after acquiring an additional 560 shares during the last quarter. Blue Trust Inc. boosted its position in shares of Equinor ASA by 242.9% during the 2nd quarter. Blue Trust Inc. now owns 10,932 shares of the company's stock valued at $295,000 after acquiring an additional 7,744 shares during the last quarter. Finally, Summit Global Investments boosted its position in shares of Equinor ASA by 290.0% during the 2nd quarter. Summit Global Investments now owns 199,823 shares of the company's stock valued at $5,707,000 after acquiring an additional 148,580 shares during the last quarter. Hedge funds and other institutional investors own 5.51% of the company's stock.

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.