Equinor ASA to Post FY2022 Earnings of $5.25 Per Share, Jefferies Financial Group Forecasts (NYSE:EQNR)

Equinor ASA (NYSE:EQNR – Get Rating) – Equities researchers at Jefferies Financial Group upped their FY2022 earnings per share estimates for shares of Equinor ASA in a research report issued to clients and investors on Wednesday, April 20th. Jefferies Financial Group analyst G. Romeo now anticipates that the company will post earnings per share of $5.25 for the year, up from their previous estimate of $4.69.

Several other equities research analysts have also recently issued reports on the stock. Exane BNP Paribas cut shares of Equinor ASA from a “neutral” rating to an “underperform” rating in a research report on Monday, January 10th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Equinor ASA from $27.37 to $35.66 and gave the stock a “hold” rating in a research report on Wednesday, March 23rd. Berenberg Bank cut shares of Equinor ASA from a “buy” rating to a “hold” rating in a research report on Friday, January 14th. 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, BNP Paribas cut shares of Equinor ASA from a “neutral” rating to an “underperform” rating in a research report on Friday, January 7th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, Equinor ASA presently has an average rating of “Hold” and a consensus price target of $97.25.

NYSE:EQNR opened at $35.91 on Monday. The company’s 50-day moving average price is $34.82 and its 200-day moving average price is $29.85. The company has a current ratio of 1.60, a quick ratio of 1.51 and a debt-to-equity ratio of 0.76. The company has a market cap of $116.57 billion, a P/E ratio of 13.60, a P/E/G ratio of 0.15 and a beta of 1.00. Equinor ASA has a twelve month low of $18.44 and a twelve month high of $39.15.

Equinor ASA (NYSE:EQNR – Get Rating) last posted its quarterly earnings results on Wednesday, February 9th. The company reported $1.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.14. The firm had revenue of $32.61 billion for 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 posted ($0.18) earnings per share.

Several hedge funds and other institutional investors have recently bought and sold shares of EQNR. OLD Mission Capital LLC purchased a new position in shares of Equinor ASA in the third quarter valued at approximately $4,007,000. M&T Bank Corp lifted its stake in Equinor ASA by 4.1% in the third quarter. M&T Bank Corp now owns 12,564 shares of the company’s stock worth $320,000 after acquiring an additional 499 shares during the last quarter. Intrust Bank NA lifted its stake in Equinor ASA by 2.0% in the third quarter. Intrust Bank NA now owns 22,640 shares of the company’s stock worth $577,000 after acquiring an additional 445 shares during the last quarter. Capital Analysts LLC lifted its stake in Equinor ASA by 146.1% in the third quarter. Capital Analysts LLC now owns 2,958 shares of the company’s stock worth $75,000 after acquiring an additional 1,756 shares during the last quarter. Finally, Pendal Group Ltd lifted its stake in Equinor ASA by 3.4% in the third quarter. Pendal Group Ltd now owns 78,929 shares of the company’s stock worth $2,009,000 after acquiring an additional 2,611 shares during the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Stockholders of record on Friday, May 13th will be paid a $0.20 dividend. This is a positive change from Equinor ASA’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, May 12th. This represents a $0.80 annualized dividend and a dividend yield of 2.23%. Equinor ASA’s dividend payout ratio (DPR) is presently 19.70%.

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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