Equinor ASA (NYSE:EQNR – Get Rating)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $31.11, but opened at $30.26. Equinor ASA shares last traded at $30.77, with a volume of 1,145,920 shares changing hands.
Analyst Upgrades and Downgrades
A number of equities analysts have issued reports on EQNR shares. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating in a report on Thursday, February 9th. The Goldman Sachs Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, January 26th. Sanford C. Bernstein raised Equinor ASA from a “market perform” rating to an “outperform” rating in a research note on Tuesday, January 3rd. JPMorgan Chase & Co. lowered Equinor ASA from a “neutral” rating to an “underweight” rating in a research note on Thursday, January 19th. Finally, HSBC lowered Equinor ASA from a “buy” rating to a “hold” rating in a research note on Thursday, December 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $318.63.
Equinor ASA Price Performance
The firm’s 50 day moving average is $31.67 and its 200-day moving average is $34.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.67 and a current ratio of 1.78.
Equinor ASA Cuts Dividend
Institutional Investors Weigh In On Equinor ASA
A number of hedge funds and other institutional investors have recently modified their holdings of EQNR. Guardian Wealth Advisors LLC purchased a new position in Equinor ASA during the 3rd quarter worth $25,000. Godsey & Gibb Inc. acquired a new position in Equinor ASA during the fourth quarter worth about $27,000. Trustcore Financial Services LLC grew its holdings in shares of Equinor ASA by 1,877.8% during the third quarter. Trustcore Financial Services LLC now owns 890 shares of the company’s stock worth $29,000 after buying an additional 845 shares in the last quarter. Motco purchased a new stake in shares of Equinor ASA during the third quarter worth about $40,000. Finally, Penserra Capital Management LLC purchased a new stake in shares of Equinor ASA during the third quarter worth about $44,000. 5.46% of the stock is currently owned by institutional investors and hedge funds.
About Equinor ASA
Equinor ASA engages in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It operates through the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, and Processing, Renewables, and and Other.
- Get a free copy of the StockNews.com research report on Equinor ASA (EQNR)
- MarketBeat Week in Review – 2/27 – 3/3
- The 3 Most Upgraded Stocks Are Reversing
- How to Find Blue Chip Dividend Stocks
- Zscaler, Inc Plummets, Is It Time To Buy The Dip?
- What is a Good Dividend Yield? How to Decide
Receive News & Ratings for Equinor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinor ASA and related companies with MarketBeat.com's FREE daily email newsletter.