Equinor ASA (NYSE:EQNR) Raised to Hold at Santander

Share on StockTwits

Santander upgraded shares of Equinor ASA (NYSE:EQNR) from an underperform rating to a hold rating in a report published on Monday morning, The Fly reports.

Several other brokerages have also weighed in on EQNR. ValuEngine lowered Equinor ASA from a hold rating to a sell rating in a research report on Friday, April 26th. Pareto Securities raised Equinor ASA from a hold rating to a buy rating in a research report on Monday, February 25th. Zacks Investment Research lowered Equinor ASA from a hold rating to a sell rating in a research report on Friday, April 12th. Finally, HSBC raised Equinor ASA from a hold rating to a buy rating in a research report on Friday, May 31st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $26.36.

Shares of Equinor ASA stock opened at $19.38 on Monday. Equinor ASA has a fifty-two week low of $18.91 and a fifty-two week high of $28.93. The firm has a market cap of $64.68 billion, a price-to-earnings ratio of 9.59 and a beta of 0.96. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.35 and a current ratio of 1.48.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results on Friday, May 3rd. The company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. Equinor ASA had a return on equity of 15.79% and a net margin of 10.46%. The company had revenue of $16.41 billion for the quarter. Analysts expect that Equinor ASA will post 1.67 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 28th. Shareholders of record on Monday, May 20th were given a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 5.37%. The ex-dividend date of this dividend was Friday, May 17th. Equinor ASA’s dividend payout ratio (DPR) is presently 37.62%.

A number of large investors have recently added to or reduced their stakes in the business. FMR LLC raised its position in Equinor ASA by 5.1% in the first quarter. FMR LLC now owns 16,656,952 shares of the company’s stock valued at $365,952,000 after purchasing an additional 808,617 shares during the period. Lazard Asset Management LLC raised its position in Equinor ASA by 332.6% in the first quarter. Lazard Asset Management LLC now owns 2,725,421 shares of the company’s stock valued at $59,877,000 after purchasing an additional 2,095,354 shares during the period. Parametric Portfolio Associates LLC raised its position in Equinor ASA by 4.0% in the first quarter. Parametric Portfolio Associates LLC now owns 1,199,236 shares of the company’s stock valued at $26,347,000 after purchasing an additional 46,268 shares during the period. Deutsche Bank AG raised its position in Equinor ASA by 146.5% in the fourth quarter. Deutsche Bank AG now owns 780,595 shares of the company’s stock valued at $16,525,000 after purchasing an additional 463,946 shares during the period. Finally, Jennison Associates LLC raised its position in Equinor ASA by 14.3% in the first quarter. Jennison Associates LLC now owns 678,524 shares of the company’s stock valued at $14,907,000 after purchasing an additional 84,679 shares during the period. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Company Profile

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

See Also: What is the return on assets formula?

The Fly

Analyst Recommendations for Equinor ASA (NYSE:EQNR)

Receive News & Ratings for Equinor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinor ASA and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Amcor plc  Given $10.74 Average Target Price by Brokerages
Amcor plc Given $10.74 Average Target Price by Brokerages
Zacks: EP Energy Corporation  Given $1.21 Consensus Target Price by Analysts
Zacks: EP Energy Corporation Given $1.21 Consensus Target Price by Analysts
Brokerages Expect Stoke Therapeutics  to Post  Earnings Per Share
Brokerages Expect Stoke Therapeutics to Post Earnings Per Share
Zacks: Analysts Expect CNH Industrial NV  to Post $0.29 Earnings Per Share
Zacks: Analysts Expect CNH Industrial NV to Post $0.29 Earnings Per Share
Exelixis, Inc.  Expected to Announce Earnings of $0.25 Per Share
Exelixis, Inc. Expected to Announce Earnings of $0.25 Per Share
Zacks: Analysts Anticipate Triplepoint Venture Growth BDC Corp  to Announce $0.38 Earnings Per Share
Zacks: Analysts Anticipate Triplepoint Venture Growth BDC Corp to Announce $0.38 Earnings Per Share


© 2006-2019 Ticker Report