Equinor ASA (NYSE:EQNR) Cut to Sell (D+) at Weiss Ratings

Weiss Ratings cut shares of Equinor ASA (NYSE:EQNR) from a hold (c-) rating to a sell (d+) rating in a research note published on Saturday,Weiss Ratings reports.

Other equities research analysts have also recently issued research reports about the company. UBS Group cut Equinor ASA from a “neutral” rating to a “sell” rating in a research note on Tuesday, July 1st. Hsbc Global Res cut shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Thursday, July 24th. Morgan Stanley downgraded shares of Equinor ASA from an “equal weight” rating to an “underweight” rating in a report on Wednesday, September 3rd. Sanford C. Bernstein downgraded shares of Equinor ASA from an “outperform” rating to a “market perform” rating in a report on Friday, October 17th. Finally, JPMorgan Chase & Co. cut shares of Equinor ASA from a “neutral” rating to an “underweight” rating in a report on Tuesday, August 12th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and eight have given a Sell rating to the stock. According to MarketBeat.com, Equinor ASA currently has a consensus rating of “Reduce” and a consensus price target of $22.71.

Equinor ASA Price Performance

Shares of NYSE:EQNR opened at $24.32 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $28.26. The business has a fifty day simple moving average of $24.36 and a 200 day simple moving average of $24.57. The firm has a market cap of $71.61 billion, a price-to-earnings ratio of 8.08, a P/E/G ratio of 0.87 and a beta of 0.52.

Equinor ASA Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Friday, November 14th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, November 14th. This represents a $1.48 annualized dividend and a dividend yield of 6.1%. This is an increase from Equinor ASA’s previous quarterly dividend of $0.30. Equinor ASA’s payout ratio is currently 40.53%.

Institutional Trading of Equinor ASA

Several large investors have recently modified their holdings of EQNR. McIlrath & Eck LLC acquired a new position in Equinor ASA during the 2nd quarter worth $36,000. Montag A & Associates Inc. bought a new position in shares of Equinor ASA in the first quarter worth about $53,000. Wayfinding Financial LLC bought a new position in shares of Equinor ASA in the first quarter worth about $54,000. Headlands Technologies LLC bought a new position in shares of Equinor ASA in the first quarter worth about $57,000. Finally, MAI Capital Management grew its holdings in Equinor ASA by 55.6% in the 2nd quarter. MAI Capital Management now owns 2,339 shares of the company’s stock valued at $59,000 after buying an additional 836 shares during the last quarter. 5.51% of the stock is owned by 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.