Equinor ASA (NYSE:EQNR) Lowered to “Hold” Rating by Barclays

Equinor ASA (NYSE:EQNR) was downgraded by investment analysts at Barclays from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday, MarketBeat.com reports.

Several other equities research analysts have also commented on the company. HSBC upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Royal Bank of Canada downgraded shares of Equinor ASA from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, April 22nd. Morgan Stanley lowered shares of Equinor ASA from an “overweight” rating to an “equal weight” rating and set a $22.70 price objective for the company. in a research report on Monday, May 12th. DZ Bank upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Nordea Equity Research raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Four research analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $22.71.

Equinor ASA Price Performance

Equinor ASA stock opened at $23.53 on Thursday. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $29.32. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48. The firm has a 50 day moving average price of $23.81 and a 200 day moving average price of $23.76. The company has a market cap of $65.70 billion, a price-to-earnings ratio of 7.56, a PEG ratio of 0.58 and a beta of 0.58.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.83 by ($0.17). The company had revenue of $27.14 billion for the quarter, compared to analysts’ expectations of $27.16 billion. Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. Sell-side analysts predict that Equinor ASA will post 3.46 earnings per share for the current year.

Institutional Trading of Equinor ASA

Institutional investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC increased its position in shares of Equinor ASA by 725.4% in the 1st quarter. Sound Income Strategies LLC now owns 974 shares of the company’s stock worth $26,000 after purchasing an additional 856 shares during the last quarter. Manchester Capital Management LLC bought a new stake in Equinor ASA in the fourth quarter valued at about $33,000. GeoWealth Management LLC increased its holdings in Equinor ASA by 254.5% in the fourth quarter. GeoWealth Management LLC now owns 1,372 shares of the company’s stock valued at $33,000 after buying an additional 985 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in Equinor ASA during the fourth quarter valued at approximately $36,000. Finally, R Squared Ltd bought a new position in Equinor ASA during the 4th quarter worth approximately $48,000. 5.51% of the stock is owned by institutional investors and hedge funds.

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.