Equinor ASA (NYSE:EQNR) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Equinor ASA (NYSE:EQNRGet Free Report) have earned an average rating of “Reduce” from the seventeen analysts that are covering the firm, Marketbeat.com reports. Seven research analysts have rated the stock with a sell rating, nine have assigned a hold rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $28.7133.

A number of brokerages recently commented on EQNR. TD Cowen increased their price target on Equinor ASA from $25.00 to $37.00 and gave the company a “hold” rating in a research note on Friday. Jefferies Financial Group initiated coverage on Equinor ASA in a report on Thursday, January 8th. They set a “hold” rating on the stock. Zacks Research upgraded Equinor ASA from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings raised shares of Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Finally, Bank of America cut shares of Equinor ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th.

Check Out Our Latest Stock Report on Equinor ASA

Institutional Investors Weigh In On Equinor ASA

Several institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its holdings in shares of Equinor ASA by 11.1% in the 1st quarter. Royal Bank of Canada now owns 148,723 shares of the company’s stock worth $3,932,000 after purchasing an additional 14,913 shares during the period. AQR Capital Management LLC purchased a new stake in Equinor ASA during the 1st quarter valued at $263,000. Empowered Funds LLC lifted its position in Equinor ASA by 1.9% in the first quarter. Empowered Funds LLC now owns 112,194 shares of the company’s stock worth $2,968,000 after buying an additional 2,112 shares during the last quarter. Acadian Asset Management LLC bought a new stake in Equinor ASA in the first quarter worth $816,000. Finally, Creative Planning boosted its stake in Equinor ASA by 80.9% during the second quarter. Creative Planning now owns 149,533 shares of the company’s stock worth $3,759,000 after buying an additional 66,874 shares during the period. 5.51% of the stock is owned by institutional investors.

Equinor ASA Stock Up 2.6%

Shares of EQNR stock opened at $41.58 on Monday. The company’s fifty day simple moving average is $29.27 and its two-hundred day simple moving average is $25.71. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $42.06. The stock has a market cap of $122.43 billion, a P/E ratio of 21.88 and a beta of 0.35. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.64.

Equinor ASA (NYSE:EQNRGet Free Report) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.21. Equinor ASA had a return on equity of 15.23% and a net margin of 4.74%.The firm had revenue of $25.30 billion during the quarter, compared to analyst estimates of $21.31 billion. Analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Friday, May 15th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, May 15th. This is an increase from Equinor ASA’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.8%. Equinor ASA’s payout ratio is presently 64.21%.

Key Stories Impacting Equinor ASA

Here are the key news stories impacting Equinor ASA this week:

About Equinor ASA

(Get Free Report)

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.

Further Reading

Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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