Equinor ASA (NYSE:EQNR) Lowered to “Buy” at StockNews.com

StockNews.com downgraded shares of Equinor ASA (NYSE:EQNRGet Rating) from a strong-buy rating to a buy rating in a research note issued to investors on Thursday morning.

Other equities analysts also recently issued research reports about the stock. Berenberg Bank downgraded shares of Equinor ASA from a buy rating to a hold rating in a research note on Friday, January 14th. Exane BNP Paribas downgraded Equinor ASA from a neutral rating to an underperform rating in a research note on Monday, January 10th. Sanford C. Bernstein downgraded Equinor ASA from an outperform rating to a market perform rating and upped their price objective for the company from $35.00 to $36.00 in a research note on Tuesday, January 4th. BNP Paribas downgraded Equinor ASA from a neutral rating to an underperform rating in a research note on Friday, January 7th. Finally, SEB Equities raised Equinor ASA from a hold rating to a buy rating and set a $42.02 price objective for the company in a research note on Friday, April 1st. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Equinor ASA has a consensus rating of Hold and an average price target of $71.28.

NYSE EQNR opened at $39.00 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.60 and a quick ratio of 1.51. Equinor ASA has a 1 year low of $18.44 and a 1 year high of $39.15. The company has a market capitalization of $126.60 billion, a PE ratio of 14.77, a P/E/G ratio of 0.16 and a beta of 1.00. The company has a fifty day moving average of $33.17 and a two-hundred day moving average of $28.98.

Equinor ASA (NYSE:EQNRGet Rating) last released its quarterly earnings data on Wednesday, February 9th. The company reported $1.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.14. Equinor ASA had a net margin of 9.57% and a return on equity of 30.67%. The company had revenue of $32.61 billion during the quarter. During the same quarter in the prior year, the company earned ($0.18) EPS. On average, research analysts expect that Equinor ASA will post 4.83 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, May 13th will be given a dividend of $0.20 per share. This is a boost from Equinor ASA’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Thursday, May 12th. This represents a $0.80 annualized dividend and a yield of 2.05%. Equinor ASA’s payout ratio is presently 19.70%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE grew its holdings in shares of Equinor ASA by 43.0% in the 2nd quarter. Bank of America Corp DE now owns 8,480,028 shares of the company’s stock worth $179,776,000 after acquiring an additional 2,548,646 shares during the period. Folketrygdfondet grew its holdings in shares of Equinor ASA by 1.7% in the 4th quarter. Folketrygdfondet now owns 121,321,782 shares of the company’s stock worth $3,194,403,000 after acquiring an additional 2,000,447 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Equinor ASA by 354.3% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,580,929 shares of the company’s stock worth $40,314,000 after acquiring an additional 1,232,962 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of Equinor ASA by 90.5% in the 4th quarter. Point72 Asset Management L.P. now owns 2,565,111 shares of the company’s stock worth $67,539,000 after acquiring an additional 1,218,685 shares during the period. Finally, Todd Asset Management LLC grew its holdings in shares of Equinor ASA by 146.6% in the 3rd quarter. Todd Asset Management LLC now owns 2,039,879 shares of the company’s stock worth $52,016,000 after acquiring an additional 1,212,843 shares during the period. Institutional investors own 5.51% of the company’s stock.

About Equinor ASA (Get Rating)

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, 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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Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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