Equinor ASA (NYSE:EQNR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Equinor ASA (NYSE:EQNRGet Rating) have received a consensus rating of “Hold” from the twenty-three brokerages that are covering the stock, Marketbeat reports. Five equities research 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. The average 12 month price objective among analysts that have covered the stock in the last year is $106.94.

EQNR has been the topic of several analyst reports. JPMorgan Chase & Co. raised their price target on shares of Equinor ASA from 285.00 to 305.00 and gave the company an “underweight” rating in a research note on Tuesday, April 19th. Exane BNP Paribas lowered shares of Equinor ASA from a “neutral” rating to an “underperform” rating in a research note on Monday, January 10th. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 7th. Sanford C. Bernstein lowered shares of Equinor ASA from an “outperform” rating to a “market perform” rating and raised their price target for the company from $35.00 to $36.00 in a research note on Tuesday, January 4th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Equinor ASA from $27.37 to $35.66 and gave the company a “hold” rating in a research note on Wednesday, March 23rd.

A number of large investors have recently modified their holdings of EQNR. OLD Mission Capital LLC bought a new stake in Equinor ASA during the third quarter worth approximately $4,007,000. Intrust Bank NA boosted its holdings in Equinor ASA by 2.0% during the third quarter. Intrust Bank NA now owns 22,640 shares of the company’s stock worth $577,000 after buying an additional 445 shares in the last quarter. Capital Analysts LLC boosted its holdings in Equinor ASA by 146.1% during the third quarter. Capital Analysts LLC now owns 2,958 shares of the company’s stock worth $75,000 after buying an additional 1,756 shares in the last quarter. Pendal Group Ltd boosted its holdings in Equinor ASA by 3.4% during the third quarter. Pendal Group Ltd now owns 78,929 shares of the company’s stock worth $2,009,000 after buying an additional 2,611 shares in the last quarter. Finally, Advisor Group Holdings Inc. boosted its stake in Equinor ASA by 2.6% in the 3rd quarter. Advisor Group Holdings Inc. now owns 26,554 shares of the company’s stock worth $678,000 after purchasing an additional 671 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

EQNR opened at $35.39 on Thursday. The firm has a market cap of $114.88 billion, a price-to-earnings ratio of 13.41, a price-to-earnings-growth ratio of 0.15 and a beta of 1.00. Equinor ASA has a fifty-two week low of $18.44 and a fifty-two week high of $39.15. The company’s 50-day moving average price is $35.16 and its 200 day moving average price is $29.99. 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 (NYSE:EQNRGet Rating) last released its quarterly earnings data 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 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 quarter last year, the company earned ($0.18) EPS. Research analysts anticipate that Equinor ASA will post 5.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 13th will be issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.26%. 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. Equinor ASA’s dividend payout ratio (DPR) is presently 19.70%.

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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Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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