Shares of Equinor ASA (NYSE:EQNR - Get Free Report) gapped up prior to trading on Friday . The stock had previously closed at $22.37, but opened at $23.16. Equinor ASA shares last traded at $23.25, with a volume of 613,437 shares changing hands.
Analysts Set New Price Targets
Several equities research analysts have recently issued reports on the company. Morgan Stanley raised Equinor ASA from an "equal weight" rating to an "overweight" rating and raised their target price for the company from $25.80 to $30.90 in a research report on Tuesday, January 7th. HSBC upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Barclays raised shares of Equinor ASA from an "equal weight" rating to an "overweight" rating in a report on Monday, November 25th. JPMorgan Chase & Co. raised Equinor ASA from an "underweight" rating to an "overweight" rating in a report on Monday, December 9th. Finally, StockNews.com lowered Equinor ASA from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $29.45.
Check Out Our Latest Report on Equinor ASA
Equinor ASA Trading Down 1.0 %
The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48. The firm has a 50-day moving average of $23.95 and a 200-day moving average of $24.26. The firm has a market capitalization of $66.78 billion, a P/E ratio of 7.69, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79.
Equinor ASA (NYSE:EQNR - Get Free Report) last issued its 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%. On average, equities research analysts anticipate that Equinor ASA will post 3.46 EPS for the current fiscal year.
Equinor ASA Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date was Friday, February 14th. Equinor ASA's payout ratio is 37.30%.
Hedge Funds Weigh In On Equinor ASA
Hedge funds and other institutional investors have recently modified their holdings of the company. Forum Financial Management LP increased its holdings in Equinor ASA by 19.1% during the 4th quarter. Forum Financial Management LP now owns 24,925 shares of the company's stock valued at $590,000 after purchasing an additional 3,989 shares during the period. Vise Technologies Inc. grew its position in shares of Equinor ASA by 18.2% in the 4th quarter. Vise Technologies Inc. now owns 32,689 shares of the company's stock worth $774,000 after buying an additional 5,038 shares during the last quarter. Voloridge Investment Management LLC increased its stake in shares of Equinor ASA by 958.7% during the fourth quarter. Voloridge Investment Management LLC now owns 1,447,536 shares of the company's stock valued at $34,292,000 after buying an additional 1,310,812 shares during the period. Vident Advisory LLC raised its holdings in shares of Equinor ASA by 63.6% during the fourth quarter. Vident Advisory LLC now owns 123,016 shares of the company's stock valued at $2,914,000 after acquiring an additional 47,808 shares in the last quarter. Finally, Semper Augustus Investments Group LLC lifted its stake in Equinor ASA by 2.3% in the fourth quarter. Semper Augustus Investments Group LLC now owns 490,140 shares of the company's stock worth $11,611,000 after acquiring an additional 10,948 shares during the period. 5.51% of the stock is owned by institutional investors.
About Equinor ASA
(
Get Free Report)
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.
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