Equinor ASA (NYSE:EQNR) Stock Rating Lowered by Royal Bank of Canada

Equinor ASA (NYSE:EQNR - Get Free Report) was downgraded by Royal Bank of Canada from a "sector perform" rating to an "underperform" rating in a research report issued on Tuesday,Finviz reports.

Other research analysts also recently issued research reports about the stock. HSBC upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Pareto Securities upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. DZ Bank upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Danske raised Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Finally, Morgan Stanley dropped their price objective on Equinor ASA from $30.90 to $28.20 and set an "overweight" rating on the stock in a report on Monday, March 17th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Equinor ASA presently has an average rating of "Moderate Buy" and a consensus price target of $28.10.

Equinor ASA Stock Performance

Shares of EQNR stock opened at $23.03 on Tuesday. The firm has a 50 day moving average of $23.88 and a two-hundred day moving average of $24.00. The stock has a market capitalization of $64.32 billion, a PE ratio of 7.41, a P/E/G ratio of 0.58 and a beta of 0.58. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $29.32.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. On average, research analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC grew its holdings in shares of Equinor ASA by 725.4% during the first quarter. Sound Income Strategies LLC now owns 974 shares of the company's stock worth $26,000 after buying an additional 856 shares during the last quarter. Manchester Capital Management LLC acquired a new stake in Equinor ASA during the 4th quarter worth approximately $33,000. GeoWealth Management LLC grew its stake in shares of Equinor ASA by 254.5% in the 4th quarter. GeoWealth Management LLC now owns 1,372 shares of the company's stock valued at $33,000 after purchasing an additional 985 shares during the last quarter. Synergy Asset Management LLC acquired a new position in shares of Equinor ASA in the fourth quarter valued at approximately $36,000. Finally, R Squared Ltd purchased a new stake in shares of Equinor ASA during the fourth quarter worth approximately $48,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

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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