JPMorgan Chase & Co. Boosts Equinor ASA (NYSE:EQNR) Price Target to 305.00

Equinor ASA (NYSE:EQNRGet Rating) had its price objective upped by stock analysts at JPMorgan Chase & Co. from 285.00 to 305.00 in a report issued on Tuesday, The Fly reports. The brokerage presently has an “underweight” rating on the stock.

Several other equities analysts have also recently weighed in on the stock. BNP Paribas cut shares of Equinor ASA from a “neutral” rating to an “underperform” rating in a research note on Friday, January 7th. Bernstein Bank cut shares of Equinor ASA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 4th. Morgan Stanley raised their price target on shares of Equinor ASA from $30.67 to $31.80 and gave the stock an “underweight” rating in a research note on Wednesday, March 23rd. Berenberg Bank downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating in a report on Friday, January 14th. Finally, Exane BNP Paribas cut shares of Equinor ASA from a “neutral” rating to an “underperform” rating in a research note on Monday, January 10th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, Equinor ASA currently has a consensus rating of “Hold” and an average price target of $97.25.

NYSE EQNR traded down $0.14 during trading hours on Tuesday, reaching $38.17. 233,363 shares of the company’s stock were exchanged, compared to its average volume of 4,220,146. The company has a market capitalization of $123.91 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 0.16 and a beta of 1.00. Equinor ASA has a one year low of $18.44 and a one year high of $39.15. The company’s 50-day moving average is $34.28 and its two-hundred day moving average is $29.54. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.51 and a current ratio of 1.60.

Equinor ASA (NYSE:EQNRGet Rating) last issued its quarterly earnings results on Wednesday, February 9th. The company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.14. The company had revenue of $32.61 billion during the quarter. Equinor ASA had a net margin of 9.57% and a return on equity of 30.67%. During the same period in the prior year, the business earned ($0.18) earnings per share. Research analysts predict that Equinor ASA will post 4.83 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of EQNR. Northwest Investment Counselors LLC acquired a new position in shares of Equinor ASA during the 4th quarter worth approximately $28,000. Evoke Wealth LLC grew its position in shares of Equinor ASA by 2,643.5% during the 4th quarter. Evoke Wealth LLC now owns 1,262 shares of the company’s stock worth $33,000 after purchasing an additional 1,216 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Equinor ASA by 220.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,306 shares of the company’s stock worth $33,000 after purchasing an additional 899 shares in the last quarter. Channing Global Advisors LLC acquired a new position in shares of Equinor ASA during the 4th quarter worth approximately $51,000. Finally, EverSource Wealth Advisors LLC acquired a new position in shares of Equinor ASA during the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Company Profile (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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