Equinor ASA (EQNR) – What Are Researchers Saying About This Stock?

Shares of Equinor ASA (NYSE:EQNR) have been assigned a consensus rating of “Hold” from the twenty ratings firms that are currently covering the firm, MarketBeat reports. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $43.47.

EQNR has been the topic of several recent research reports. Morningstar lowered shares of Equinor ASA to a “sell” rating in a research report on Thursday, July 23rd. Weiss Ratings raised shares of Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Zacks Research raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Friday, September 25th. Bank of America upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating and set a $49.00 price target for the company in a research note on Friday, September 18th. Finally, Berenberg Bank reaffirmed a “hold” rating on shares of Equinor ASA in a report on Friday, July 24th.

Hedge Funds Weigh In On Equinor ASA

Several hedge funds and other institutional investors have recently modified their holdings of EQNR. Cassaday & Co Wealth Management LLC bought a new stake in Equinor ASA in the first quarter valued at $35,000. Assetmark Inc. lifted its holdings in shares of Equinor ASA by 130.2% during the first quarter. Assetmark Inc. now owns 1,036 shares of the company’s stock valued at $44,000 after acquiring an additional 586 shares during the period. Eastern Bank bought a new position in shares of Equinor ASA during the second quarter valued at $35,000. V Square Quantitative Management LLC bought a new position in shares of Equinor ASA during the first quarter valued at $79,000. Finally, Arlington Trust Co LLC boosted its stake in shares of Equinor ASA by 1,581.9% in the 2nd quarter. Arlington Trust Co LLC now owns 2,136 shares of the company’s stock valued at $67,000 after purchasing an additional 2,009 shares in the last quarter. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Down 0.9%

EQNR opened at $44.90 on Friday. Equinor ASA has a fifty-two week low of $22.26 and a fifty-two week high of $45.84. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.18 and a quick ratio of 1.10. The firm’s fifty day moving average price is $42.72 and its two-hundred day moving average price is $39.19. The company has a market capitalization of $107.34 billion, a P/E ratio of 11.35, a P/E/G ratio of 1.69 and a beta of 0.13.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Tuesday, July 21st. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.06). Equinor ASA had a net margin of 7.92% and a return on equity of 23.60%. The business had revenue of $34.02 billion during the quarter, compared to the consensus estimate of $34.03 billion. On average, analysts anticipate that Equinor ASA will post 5.60 EPS for the current year.

Equinor ASA Announces Dividend

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

About Equinor ASA

Equinor ASA is a Norwegian energy company engaged in the exploration, development, production, processing, transportation, marketing and trading of oil and natural gas. The company also operates in renewable energy and other lower-carbon activities, including offshore wind, carbon capture and storage, and hydrogen initiatives.

Equinor’s operations are centered on the Norwegian continental shelf, where it is one of the leading producers of oil and natural gas. The company also has international exploration, production and energy projects across regions including Europe, North America, South America and Africa.