Morgan Stanley Issues Pessimistic Forecast for Equinor ASA (NYSE:EQNR) Stock Price

Equinor ASA (NYSE:EQNR - Get Free Report) had its price target reduced by analysts at Morgan Stanley from $30.90 to $28.20 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Morgan Stanley's target price indicates a potential upside of 9.79% from the stock's current price.

Several other equities analysts also recently commented on the company. DZ Bank upgraded Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Nordea Equity Research upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Royal Bank of Canada reissued a "sector perform" rating on shares of Equinor ASA in a research report on Thursday, February 6th. Danske upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Finally, Pareto Securities upgraded Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Equinor ASA presently has a consensus rating of "Moderate Buy" and an average target price of $28.10.

Equinor ASA Stock Up 1.4 %

Shares of EQNR stock traded up $0.37 on Monday, hitting $25.69. The company's stock had a trading volume of 2,926,491 shares, compared to its average volume of 3,459,099. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. The stock has a market capitalization of $71.73 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 0.58 and a beta of 0.79. Equinor ASA has a fifty-two week low of $21.85 and a fifty-two week high of $29.32. The firm's fifty day moving average price is $23.89 and its 200-day moving average price is $24.18.

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Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly 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%. Research analysts anticipate that Equinor ASA will post 3.46 EPS for the current year.

Institutional Trading of Equinor ASA

Several institutional investors have recently modified their holdings of EQNR. Folketrygdfondet raised its stake in shares of Equinor ASA by 4.0% in the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock valued at $2,640,631,000 after purchasing an additional 4,300,472 shares in the last quarter. Marshall Wace LLP increased its holdings in Equinor ASA by 3,159.0% in the 4th quarter. Marshall Wace LLP now owns 2,649,389 shares of the company's stock valued at $62,764,000 after buying an additional 2,568,095 shares during the period. Voloridge Investment Management LLC raised its stake in shares of Equinor ASA by 958.7% in the 4th 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 in the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Equinor ASA by 771.8% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,015,657 shares of the company's stock worth $24,061,000 after acquiring an additional 899,157 shares during the period. Finally, Trexquant Investment LP boosted its position in shares of Equinor ASA by 975.0% during the 4th quarter. Trexquant Investment LP now owns 842,580 shares of the company's stock valued at $19,961,000 after acquiring an additional 764,204 shares in 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.