Equinor ASA (NYSE:EQNR - Get Free Report) shot up 1.9% during mid-day trading on Friday . The company traded as high as $23.16 and last traded at $23.12. 752,701 shares changed hands during trading, a decline of 77% from the average session volume of 3,325,969 shares. The stock had previously closed at $22.69.
Wall Street Analyst Weigh In
A number of research firms have weighed in on EQNR. Morgan Stanley raised shares of Equinor ASA from an "underweight" rating to an "equal weight" rating and set a $25.80 price objective for the company in a report on Monday, October 14th. JPMorgan Chase & Co. upgraded Equinor ASA from an "underweight" rating to an "overweight" rating in a research note on Monday, December 9th. Citigroup upgraded Equinor ASA to a "strong sell" rating in a research report on Wednesday, October 2nd. StockNews.com raised Equinor ASA from a "buy" rating to a "strong-buy" rating in a report on Friday, December 20th. Finally, Barclays raised Equinor ASA from an "equal weight" rating to an "overweight" rating in a research note on Monday, November 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, Equinor ASA currently has a consensus rating of "Moderate Buy" and a consensus target price of $26.90.
View Our Latest Stock Report on Equinor ASA
Equinor ASA Trading Up 1.6 %
The company has a fifty day moving average of $23.63 and a 200-day moving average of $25.50. The company has a market capitalization of $64.40 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 1.20 and a beta of 0.84. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51.
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 analysts' consensus estimates of $0.74 by $0.05. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. The firm had revenue of $25.45 billion for the quarter, compared to analyst estimates of $24.45 billion. During the same period in the previous year, the company posted $0.92 earnings per share. As a group, equities research analysts anticipate that Equinor ASA will post 3.35 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Equinor ASA
A number of large investors have recently modified their holdings of EQNR. Wellington Management Group LLP grew its position in shares of Equinor ASA by 3.7% in the third quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company's stock valued at $95,019,000 after purchasing an additional 132,157 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in Equinor ASA by 1.4% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 862,570 shares of the company's stock valued at $24,635,000 after buying an additional 11,500 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Equinor ASA by 3.2% in the 3rd quarter. Fisher Asset Management LLC now owns 522,763 shares of the company's stock valued at $13,242,000 after buying an additional 16,303 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Equinor ASA by 0.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 479,848 shares of the company's stock worth $13,704,000 after acquiring an additional 2,894 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Equinor ASA by 13.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 416,585 shares of the company's stock worth $11,898,000 after acquiring an additional 49,029 shares during the period. Hedge funds and other institutional investors own 5.51% of the company's stock.
Equinor ASA Company Profile
(
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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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