UBS Group Upgrades Equinor ASA (NYSE:EQNR) to Neutral

Equinor ASA (NYSE:EQNRGet Free Report) was upgraded by research analysts at UBS Group from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Friday, Marketbeat Ratings reports.

EQNR has been the topic of a number of other reports. Bank of America lowered shares of Equinor ASA from a “buy” rating to a “neutral” rating in a research note on Thursday, February 5th. Zacks Research upgraded shares of Equinor ASA from a “strong sell” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings raised Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Jefferies Financial Group initiated coverage on Equinor ASA in a research report on Thursday, January 8th. They set a “hold” rating on the stock. Finally, Pareto Securities raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Hold rating and seven have issued a Sell rating to the company. According to data from MarketBeat.com, Equinor ASA currently has a consensus rating of “Reduce” and a consensus price target of $28.71.

Check Out Our Latest Report on EQNR

Equinor ASA Price Performance

Shares of NYSE EQNR opened at $41.58 on Friday. The stock’s 50-day simple moving average is $29.27 and its 200-day simple moving average is $25.70. Equinor ASA has a fifty-two week low of $21.41 and a fifty-two week high of $42.06. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.27. The firm has a market capitalization of $122.43 billion, a PE ratio of 21.88, a price-to-earnings-growth ratio of 4.73 and a beta of 0.35.

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Hsbc Holdings PLC purchased a new stake in shares of Equinor ASA during the 4th quarter worth approximately $499,000. Corient Private Wealth LLC increased its stake in Equinor ASA by 1.5% in the 4th quarter. Corient Private Wealth LLC now owns 50,157 shares of the company’s stock valued at $1,185,000 after purchasing an additional 723 shares in the last quarter. Pure Financial Advisors LLC purchased a new position in Equinor ASA in the 4th quarter valued at approximately $200,000. Empowered Funds LLC raised its holdings in Equinor ASA by 3.6% during the fourth quarter. Empowered Funds LLC now owns 120,638 shares of the company’s stock worth $2,851,000 after purchasing an additional 4,220 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Equinor ASA during the fourth quarter worth $448,000. 5.51% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Equinor ASA

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

Equinor ASA Company Profile

(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.

See Also

Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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