Q1 2022 EPS Estimates for Equinor ASA Raised by Jefferies Financial Group (NYSE:EQNR)

Equinor ASA (NYSE:EQNRGet Rating) – Equities research analysts at Jefferies Financial Group upped their Q1 2022 earnings estimates for shares of Equinor ASA in a research note issued on Wednesday, April 20th. Jefferies Financial Group analyst G. Romeo now expects that the company will earn $1.57 per share for the quarter, up from their prior estimate of $1.35. Jefferies Financial Group also issued estimates for Equinor ASA’s Q2 2022 earnings at $1.18 EPS, Q3 2022 earnings at $1.13 EPS, Q4 2022 earnings at $1.36 EPS, FY2023 earnings at $4.08 EPS and FY2024 earnings at $3.11 EPS.

Other equities analysts have also issued research reports about the stock. Bank of America upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Tuesday, March 8th. Barclays increased their target price on shares of Equinor ASA from 300.00 to 340.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 6th. Exane BNP Paribas lowered shares of Equinor ASA from a “neutral” rating to an “underperform” rating in a research report on Monday, January 10th. SEB Equities upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating and set a $42.02 price objective for the company in a research report on Friday, April 1st. Finally, StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 7th. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $97.25.

Shares of EQNR opened at $36.87 on Friday. The firm has a 50-day moving average price of $34.71 and a 200 day moving average price of $29.73. The firm has a market capitalization of $119.69 billion, a PE ratio of 13.97, a P/E/G ratio of 0.16 and a beta of 1.00. The company has a quick ratio of 1.51, a current ratio of 1.60 and a debt-to-equity ratio of 0.76. Equinor ASA has a 52-week low of $18.44 and a 52-week high of $39.15.

Equinor ASA (NYSE:EQNRGet Rating) last released its quarterly earnings results on Wednesday, February 9th. The company reported $1.36 EPS for the quarter, topping the consensus estimate of $1.22 by $0.14. The business 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 quarter in the prior year, the company posted ($0.18) EPS.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 13th will be given a $0.20 dividend. This is a boost from Equinor ASA’s previous quarterly dividend of $0.18. This represents a $0.80 annualized dividend and a yield of 2.17%. The ex-dividend date is Thursday, May 12th. Equinor ASA’s dividend payout ratio (DPR) is 19.70%.

A number of hedge funds have recently modified their holdings of the stock. Avantax Advisory Services Inc. lifted its holdings in shares of Equinor ASA by 4.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 8,694 shares of the company’s stock valued at $229,000 after acquiring an additional 365 shares during the period. Intrust Bank NA lifted its holdings in shares of Equinor ASA by 2.0% during the third quarter. Intrust Bank NA now owns 22,640 shares of the company’s stock valued at $577,000 after acquiring an additional 445 shares during the period. Cetera Advisor Networks LLC lifted its holdings in shares of Equinor ASA by 1.5% during the third quarter. Cetera Advisor Networks LLC now owns 33,380 shares of the company’s stock valued at $851,000 after acquiring an additional 484 shares during the period. Dorsey & Whitney Trust CO LLC lifted its holdings in shares of Equinor ASA by 2.2% during the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 22,207 shares of the company’s stock valued at $585,000 after acquiring an additional 488 shares during the period. Finally, M&T Bank Corp lifted its holdings in shares of Equinor ASA by 4.1% during the third quarter. M&T Bank Corp now owns 12,564 shares of the company’s stock valued at $320,000 after acquiring an additional 499 shares during the period. 5.51% of the stock is owned by hedge funds and other institutional investors.

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.

See Also

Earnings History and Estimates for Equinor ASA (NYSE:EQNR)

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