Equinor ASA (NYSE:EQNR) Shares Gap Down - Time to Sell?

Equinor ASA (NYSE:EQNR - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $25.67, but opened at $25.02. Equinor ASA shares last traded at $25.11, with a volume of 534,167 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Citigroup raised Equinor ASA to a "strong sell" rating in a research note on Wednesday, October 2nd. StockNews.com raised Equinor ASA from a "buy" rating to a "strong-buy" rating in a research report on Monday. JPMorgan Chase & Co. upgraded Equinor ASA from an "underweight" rating to an "overweight" rating in a report on Monday, December 9th. Berenberg Bank upgraded shares of Equinor ASA from a "hold" rating to a "strong-buy" rating in a report on Wednesday, November 27th. Finally, Barclays upgraded shares of Equinor ASA from an "equal weight" rating to an "overweight" rating in a report on Monday, November 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $29.45.

Equinor ASA Stock Performance

The business has a 50-day moving average of $23.88 and a two-hundred day moving average of $25.23. 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 company has a market cap of $69.65 billion, a P/E ratio of 7.65, a P/E/G ratio of 1.31 and a beta of 0.84.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly 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 for the quarter, compared to analysts' expectations of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same period last year, the business earned $0.92 EPS. On average, sell-side analysts predict that Equinor ASA will post 3.36 EPS for the current fiscal year.

Institutional Trading of Equinor ASA

Institutional investors have recently made changes to their positions in the business. Reston Wealth Management LLC purchased a new stake in Equinor ASA in the third quarter valued at about $31,000. EverSource Wealth Advisors LLC raised its position in shares of Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company's stock valued at $45,000 after purchasing an additional 365 shares during the last quarter. Bruce G. Allen Investments LLC raised its position in shares of Equinor ASA by 363.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company's stock valued at $49,000 after purchasing an additional 1,512 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Equinor ASA in the 4th quarter worth approximately $61,000. Finally, Allspring Global Investments Holdings LLC grew its position in Equinor ASA by 12.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company's stock worth $122,000 after purchasing an additional 543 shares during the last quarter. Institutional investors and hedge funds 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.