Equinor ASA (NYSE:EQNR) Raised to “Strong-Buy” at StockNews.com

Equinor ASA (NYSE:EQNR) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Friday.

Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $26.90.

Equinor ASA Stock Performance

EQNR opened at $22.25 on Friday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. The stock has a market capitalization of $62.14 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 1.20 and a beta of 0.84. The company has a fifty day moving average of $23.87 and a 200 day moving average of $25.72. Equinor ASA has a fifty-two week low of $21.85 and a fifty-two week high of $32.66.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The business had revenue of $25.45 billion during the quarter, compared to the consensus estimate of $24.45 billion. During the same quarter in the prior year, the firm earned $0.92 EPS. As a group, sell-side analysts forecast that Equinor ASA will post 3.35 earnings per share for the current fiscal year.

Institutional Trading of Equinor ASA

A number of large investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC lifted its holdings in Equinor ASA by 27.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after buying an additional 365 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Equinor ASA by 0.7% during the second quarter. Crossmark Global Holdings Inc. now owns 56,658 shares of the company’s stock valued at $1,618,000 after acquiring an additional 402 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Equinor ASA by 2.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company’s stock valued at $480,000 after acquiring an additional 440 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Equinor ASA by 12.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock valued at $122,000 after purchasing an additional 543 shares during the period. Finally, Profund Advisors LLC grew its stake in Equinor ASA by 3.0% in the second quarter. Profund Advisors LLC now owns 19,260 shares of the company’s stock worth $550,000 after purchasing an additional 559 shares in the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Company Profile

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum 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.