Erste Group Bank Raises Earnings Estimates for Equinor ASA

Equinor ASA (NYSE:EQNR) – Analysts at Erste Group Bank lifted their FY2027 earnings per share estimates for shares of Equinor ASA in a note issued to investors on Tuesday, September 8th. Erste Group Bank analyst H. Engel now forecasts that the company will post earnings of $4.09 per share for the year, up from their previous estimate of $4.00. The consensus estimate for Equinor ASA’s current full-year earnings is $5.07 per share.

Several other research firms also recently weighed in on EQNR. Weiss Ratings upgraded Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Wall Street Zen cut Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 22nd. Zacks Research cut Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Royal Bank Of Canada raised shares of Equinor ASA from an “underperform” rating to a “sector perform” rating in a research note on Thursday, July 23rd. Finally, TD Cowen increased their price objective on shares of Equinor ASA from $37.00 to $38.00 and gave the stock a “hold” rating in a report on Friday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Equinor ASA presently has an average rating of “Hold” and an average price target of $39.20.

Equinor ASA Price Performance

Shares of NYSE:EQNR opened at $45.13 on Friday. The company has a market cap of $107.89 billion, a P/E ratio of 12.30, a P/E/G ratio of 2.90 and a beta of 0.03. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 0.56. Equinor ASA has a 52 week low of $22.26 and a 52 week high of $45.55. The business has a fifty day simple moving average of $39.76 and a 200-day simple moving average of $37.70.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results on Tuesday, July 21st. The company reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.39 by ($0.06). Equinor ASA had a return on equity of 23.60% and a net margin of 7.92%.The business had revenue of $34.02 billion for the quarter, compared to analysts’ expectations of $34.03 billion.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC acquired a new position in Equinor ASA in the first quarter valued at $35,000. Assetmark Inc. increased its stake in Equinor ASA by 130.2% during the first quarter. Assetmark Inc. now owns 1,036 shares of the company’s stock worth $44,000 after acquiring an additional 586 shares during the last quarter. Eastern Bank acquired a new stake in Equinor ASA during the second quarter worth about $35,000. UMB Bank n.a. raised its holdings in shares of Equinor ASA by 1,794.0% in the 4th quarter. UMB Bank n.a. now owns 1,269 shares of the company’s stock worth $30,000 after purchasing an additional 1,202 shares during the period. Finally, Global Retirement Partners LLC raised its holdings in shares of Equinor ASA by 86.2% in the 4th quarter. Global Retirement Partners LLC now owns 1,318 shares of the company’s stock worth $31,000 after purchasing an additional 610 shares during the period. 5.51% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Monday, November 16th. Equinor ASA’s dividend payout ratio is presently 34.88%.

About Equinor ASA

Equinor ASA is a Norwegian energy company engaged primarily in the exploration, development, production and marketing of oil and natural gas. The company also supplies crude oil, natural gas, refined petroleum products and electricity, and participates in energy trading and related activities.

Equinor has expanded beyond its traditional petroleum business into lower-carbon energy, including offshore wind, carbon capture and storage, and hydrogen-related projects. Its operations and partnerships span several regions, with significant activities on the Norwegian continental shelf as well as projects in Europe, North America, South America and other international markets.

The company was established in 1972 as Den norske stats oljeselskap, commonly known as Statoil, and adopted the name Equinor in 2018 to reflect its broader energy strategy.