Equinor ASA (NYSE:EQNR) Cut to “Buy” at StockNews.com

Equinor ASA (NYSE:EQNRGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

EQNR has been the subject of several other reports. Deutsche Bank Aktiengesellschaft increased their price target on Equinor ASA from 354.00 to 376.00 and gave the stock a “hold” rating in a report on Monday, October 31st. DNB Markets downgraded Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, November 10th. Societe Generale increased their price target on Equinor ASA from 345.00 to 360.00 in a report on Tuesday, November 1st. Finally, Morgan Stanley increased their price objective on Equinor ASA from 304.00 to 342.00 in a report on Tuesday, November 8th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $288.45.

Equinor ASA Price Performance

Equinor ASA stock opened at $33.90 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.52 and a current ratio of 1.66. The firm has a market cap of $110.05 billion, a P/E ratio of 4.47 and a beta of 1.02. The business’s fifty day moving average is $35.04 and its two-hundred day moving average is $35.64. Equinor ASA has a 52 week low of $24.17 and a 52 week high of $42.53.

Hedge Funds Weigh In On Equinor ASA

Hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. increased its stake in shares of Equinor ASA by 308.4% in the 2nd quarter. Assetmark Inc. now owns 9,067 shares of the company’s stock valued at $315,000 after purchasing an additional 6,847 shares during the last quarter. Avidian Wealth Solutions LLC bought a new position in shares of Equinor ASA in the 1st quarter valued at $369,000. US Bancorp DE increased 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 valued at $4,999,000 after purchasing an additional 41,511 shares during the last quarter. Brown Advisory Inc. bought a new position in shares of Equinor ASA in the 2nd quarter valued at $319,000. Finally, Bard Financial Services Inc. increased its stake in shares of Equinor ASA by 123.8% in the 2nd quarter. Bard Financial Services Inc. now owns 22,375 shares of the company’s stock valued at $778,000 after purchasing an additional 12,375 shares during the last quarter. Institutional investors own 5.41% of the company’s stock.

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.

Further Reading

Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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