$1.24 EPS Expected for Equinor ASA (NYSE:EQNR) This Quarter

Brokerages expect Equinor ASA (NYSE:EQNR – Get Rating) to post earnings per share of $1.24 for the current fiscal quarter, Zacks reports. Zero analysts have issued estimates for Equinor ASA’s earnings. Equinor ASA posted earnings per share of $0.49 during the same quarter last year, which suggests a positive year-over-year growth rate of 153.1%. The company is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Equinor ASA will report full-year earnings of $5.56 per share for the current fiscal year, with EPS estimates ranging from $5.40 to $5.72. For the next year, analysts anticipate that the firm will post earnings of $4.06 per share, with EPS estimates ranging from $3.98 to $4.14. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Equinor ASA.

Several brokerages have issued reports on EQNR. StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Saturday, May 7th. Royal Bank of Canada downgraded Equinor ASA from an “outperform” rating to a “sector perform” rating and increased their price target for the stock from $320.00 to $330.00 in a report on Monday, May 9th. Jefferies Financial Group downgraded Equinor ASA from a “buy” rating to a “hold” rating in a report on Friday, May 13th. They noted that the move was a valuation call. HSBC upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 17th. Finally, Barclays increased their price target on Equinor ASA from 340.00 to 400.00 in a report on Thursday, May 5th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $168.22.

Hedge funds and other institutional investors have recently modified their holdings of the stock. JFS Wealth Advisors LLC boosted its position in Equinor ASA by 378.4% during the first quarter. JFS Wealth Advisors LLC now owns 842 shares of the company’s stock valued at $32,000 after purchasing an additional 666 shares during the last quarter. Tcwp LLC acquired a new position in Equinor ASA during the first quarter valued at approximately $36,000. Northwest Investment Counselors LLC acquired a new position in Equinor ASA during the fourth quarter valued at approximately $28,000. Evoke Wealth LLC boosted its position in Equinor ASA by 2,643.5% during the fourth quarter. Evoke Wealth LLC now owns 1,262 shares of the company’s stock valued at $33,000 after purchasing an additional 1,216 shares during the last quarter. Finally, BNP Paribas Arbitrage SA boosted its position in Equinor ASA by 220.9% during the third quarter. BNP Paribas Arbitrage SA now owns 1,306 shares of the company’s stock valued at $33,000 after purchasing an additional 899 shares during the last quarter. 5.66% of the stock is owned by hedge funds and other institutional investors.

Shares of Equinor ASA stock opened at $37.66 on Friday. Equinor ASA has a 1 year low of $18.44 and a 1 year high of $39.15. The business has a 50-day moving average of $36.15 and a two-hundred day moving average of $31.23. The company has a market capitalization of $122.25 billion, a P/E ratio of 10.67, a price-to-earnings-growth ratio of 0.14 and a beta of 1.01. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 1.44.

The business also recently declared a quarterly dividend, which was paid on Friday, May 27th. Investors of record on Friday, May 13th were given a dividend of $0.20 per share. The ex-dividend date was Thursday, May 12th. 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 2.12%. Equinor ASA’s dividend payout ratio is 16.43%.

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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