Equinor ASA (NYSE:EQNR) Stock Rating Upgraded by Rothschild & Co Redburn

Equinor ASA (NYSE:EQNR) was upgraded by stock analysts at Rothschild & Co Redburn from a “strong sell” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

Several other equities analysts have also recently weighed in on EQNR. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Friday, March 20th. Bank of America cut shares of Equinor ASA from a “buy” rating to a “neutral” rating in a research report on Thursday, February 5th. Zacks Research upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 25th. Pareto Securities cut shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Friday, March 27th. Finally, Jefferies Financial Group assumed coverage on Equinor ASA in a research note on Thursday, January 8th. They issued a “hold” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Equinor ASA currently has an average rating of “Reduce” and a consensus price target of $34.61.

Equinor ASA Stock Performance

Shares of NYSE EQNR opened at $39.03 on Thursday. The company has a quick ratio of 1.16, a current ratio of 1.27 and a debt-to-equity ratio of 0.64. The stock has a market capitalization of $114.92 billion, a price-to-earnings ratio of 20.54, a PEG ratio of 1.38 and a beta of 0.13. The stock’s fifty day simple moving average is $33.88 and its 200 day simple moving average is $27.41. Equinor ASA has a 52-week low of $21.96 and a 52-week high of $43.46.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Wednesday, February 4th. The company reported $0.81 earnings per share (EPS) for the quarter, topping 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 business had revenue of $25.26 billion for the quarter, compared to analysts’ expectations of $21.31 billion. As a group, sell-side analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equinor ASA

Several large investors have recently made changes to their positions in the company. UMB Bank n.a. raised its stake in shares of Equinor ASA by 1,794.0% in the fourth quarter. UMB Bank n.a. now owns 1,269 shares of the company’s stock valued at $30,000 after acquiring an additional 1,202 shares during the last quarter. Global Retirement Partners LLC raised its position in Equinor ASA by 86.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,318 shares of the company’s stock valued at $31,000 after purchasing an additional 610 shares during the last quarter. McIlrath & Eck LLC bought a new position in Equinor ASA in the 2nd quarter valued at $36,000. Sound Income Strategies LLC raised its position in Equinor ASA by 119.2% in the 4th quarter. Sound Income Strategies LLC now owns 1,876 shares of the company’s stock valued at $48,000 after purchasing an additional 1,020 shares during the last quarter. Finally, New Millennium Group LLC bought a new position in Equinor ASA in the 3rd quarter valued at $57,000. Institutional investors own 5.51% of the company’s stock.

About Equinor ASA

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.