Equinor ASA (NYSE:EQNR) Short Interest Update

Equinor ASA (NYSE:EQNR - Get Free Report) saw a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 10,760,000 shares, an increase of 6.5% from the October 15th total of 10,100,000 shares. Based on an average daily volume of 3,540,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 0.4% of the shares of the company are short sold.

Wall Street Analysts Forecast Growth

EQNR has been the subject of several analyst reports. UBS Group upgraded Equinor ASA from a "sell" rating to a "neutral" rating in a research note on Thursday, August 8th. Citigroup raised shares of Equinor ASA to a "strong sell" rating in a research note on Wednesday, October 2nd. Barclays upgraded shares of Equinor ASA to a "hold" rating in a research note on Wednesday, October 2nd. Morgan Stanley raised shares of Equinor ASA from an "underweight" rating to an "equal weight" rating and set a $25.80 price target for the company in a report on Monday, October 14th. Finally, StockNews.com upgraded Equinor ASA from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Equinor ASA has an average rating of "Hold" and an average price target of $26.90.

Institutional Trading of Equinor ASA

Hedge funds and other institutional investors have recently bought and sold shares of the company. Atwood & Palmer Inc. bought a new position in shares of Equinor ASA during the second quarter valued at about $25,000. Reston Wealth Management LLC purchased a new position in Equinor ASA during the 3rd quarter valued at about $31,000. Rothschild Investment LLC bought a new position in Equinor ASA during the 2nd quarter valued at approximately $32,000. EverSource Wealth Advisors LLC increased its stake in shares of Equinor ASA by 27.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company's stock valued at $45,000 after buying an additional 365 shares during the period. Finally, Bruce G. Allen Investments LLC raised its holdings in shares of Equinor ASA by 363.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company's stock valued at $49,000 after acquiring an additional 1,512 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company's stock.

Equinor ASA Price Performance

Shares of NYSE:EQNR traded down $0.51 during trading on Tuesday, reaching $23.71. The company had a trading volume of 2,284,580 shares, compared to its average volume of 3,405,627. Equinor ASA has a 12 month low of $22.15 and a 12 month high of $33.24. 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 stock has a market capitalization of $66.22 billion, a P/E ratio of 7.43, a price-to-earnings-growth ratio of 5.21 and a beta of 0.84. The company has a fifty day moving average of $24.60 and a two-hundred day moving average of $26.44.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. The firm 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 company posted $0.92 earnings per share. Equities research analysts forecast that Equinor ASA will post 3.31 earnings per share for the current year.

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.

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