Equinor ASA (NYSE:EQNR) Hits New 12-Month Low - Should You Sell?

Equinor ASA (NYSE:EQNR - Get Free Report) reached a new 52-week low during trading on Friday . The stock traded as low as $23.95 and last traded at $23.99, with a volume of 875851 shares traded. The stock had previously closed at $24.32.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on EQNR shares. UBS Group upgraded shares of Equinor ASA from a "sell" rating to a "neutral" rating in a research note on Thursday, August 8th. Barclays upgraded shares of Equinor ASA to a "hold" rating in a research report on Wednesday, October 2nd. Morgan Stanley upgraded shares of Equinor ASA from an "underweight" rating to an "equal weight" rating and set a $25.80 target price for the company in a research report on Monday. TD Cowen cut their target price on shares of Equinor ASA from $30.00 to $28.00 and set a "hold" rating for the company in a report on Wednesday, July 10th. Finally, StockNews.com cut shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research report on Thursday, August 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $26.90.

Equinor ASA Stock Down 0.7 %

The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.43 and a current ratio of 1.53. The company's fifty day moving average price is $25.87 and its 200-day moving average price is $27.00. The stock has a market cap of $71.09 billion, a P/E ratio of 7.47, a price-to-earnings-growth ratio of 2.36 and a beta of 0.83.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.84 earnings per share for the quarter, topping analysts' consensus estimates of $0.81 by $0.03. The company had revenue of $25.54 billion for the quarter, compared to analyst estimates of $25.93 billion. Equinor ASA had a net margin of 9.11% and a return on equity of 20.65%. During the same period in the prior year, the company posted $0.74 EPS. Equities analysts forecast that Equinor ASA will post 3.34 EPS for the current year.

Equinor ASA Cuts Dividend

The firm also recently disclosed a -- dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 19th were issued a dividend of $0.35 per share. This represents a yield of 4.1%. The ex-dividend date of this dividend was Monday, August 19th. Equinor ASA's payout ratio is currently 43.34%.

Institutional Trading of Equinor ASA

Institutional investors and hedge funds have recently modified their holdings of the stock. Blue Trust Inc. grew its holdings in Equinor ASA by 182.0% during the 3rd quarter. Blue Trust Inc. now owns 30,826 shares of the company's stock worth $781,000 after acquiring an additional 19,894 shares in the last quarter. Inspire Advisors LLC lifted its position in shares of Equinor ASA by 7.9% in the 3rd quarter. Inspire Advisors LLC now owns 21,154 shares of the company's stock worth $536,000 after purchasing an additional 1,552 shares during the period. Creative Planning boosted its stake in shares of Equinor ASA by 22.2% during the third quarter. Creative Planning now owns 67,058 shares of the company's stock valued at $1,699,000 after purchasing an additional 12,170 shares in the last quarter. Ritholtz Wealth Management increased its holdings in Equinor ASA by 52.3% during the third quarter. Ritholtz Wealth Management now owns 98,556 shares of the company's stock valued at $2,496,000 after buying an additional 33,844 shares during the period. Finally, Bruce G. Allen Investments LLC increased its holdings in 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 buying an additional 1,512 shares during the period. Institutional investors own 5.51% of the company's stock.

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.