Equinor ASA (NYSE:EQNR) PT Raised to 287.00

Equinor ASA (NYSE:EQNR – Get Rating) had its price target increased by Morgan Stanley from 280.00 to 287.00 in a report published on Wednesday, The Fly reports.

EQNR has been the subject of several other research reports. JPMorgan Chase & Co. lifted their price target on Equinor ASA from 285.00 to 305.00 and gave the stock an underweight rating in a research note on Tuesday, April 19th. Zacks Investment Research downgraded shares of Equinor ASA from a buy rating to a hold rating and set a $31.00 target price for the company. in a research note on Wednesday, February 16th. Bank of America raised shares of Equinor ASA from a neutral rating to a buy rating in a research note on Tuesday, March 8th. SEB Equities raised shares of Equinor ASA from a hold rating to a buy rating and set a $42.02 target price for the company in a research note on Friday, April 1st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Equinor ASA from $27.37 to $35.66 and gave the stock a hold rating in a report on Wednesday, March 23rd. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Equinor ASA presently has an average rating of Hold and a consensus price target of $168.22.

Shares of EQNR traded down $0.24 during mid-day trading on Wednesday, reaching $33.30. 27,904 shares of the company’s stock were exchanged, compared to its average volume of 4,322,626. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 1.51. The stock has a market capitalization of $108.10 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.11 and a beta of 1.01. The business’s fifty day simple moving average is $35.71 and its 200-day simple moving average is $30.47. Equinor ASA has a 52-week low of $18.44 and a 52-week high of $39.15.

Equinor ASA (NYSE:EQNR – Get Rating) last announced its earnings results on Wednesday, February 9th. The company reported $1.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.22 by $0.14. The business had revenue of $32.61 billion for the quarter. Equinor ASA had a net margin of 10.44% and a return on equity of 35.64%. During the same quarter last year, the business posted ($0.18) earnings per share. Equities research analysts predict that Equinor ASA will post 5.49 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 issued a $0.20 dividend. This is an increase from Equinor ASA’s previous quarterly dividend of $0.18. This represents a $0.80 dividend on an annualized basis and a yield of 2.40%. The ex-dividend date of this dividend is Thursday, May 12th. Equinor ASA’s payout ratio is presently 14.73%.

Hedge funds have recently bought and sold shares of the business. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Equinor ASA by 797.0% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 130,874 shares of the company’s stock valued at $4,909,000 after acquiring an additional 116,284 shares during the period. Private Advisor Group LLC purchased a new position in shares of Equinor ASA in the 1st quarter worth $295,000. Cambridge Investment Research Advisors Inc. boosted its stake in shares of Equinor ASA by 9.6% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 26,679 shares of the company’s stock worth $1,001,000 after buying an additional 2,342 shares during the last quarter. US Bancorp DE boosted its stake in shares of Equinor ASA by 45.2% in the 1st quarter. US Bancorp DE now owns 133,281 shares of the company’s stock worth $4,999,000 after buying an additional 41,511 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Equinor ASA by 8.6% during the first quarter. American Century Companies Inc. now owns 330,741 shares of the company’s stock valued at $12,406,000 after purchasing an additional 26,125 shares in the last quarter. 5.66% of the stock is currently owned by institutional investors and hedge funds.

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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