Equinor ASA (NYSE:EQNR) Receives Average Rating of “Hold” from Analysts

Share on StockTwits

Equinor ASA (NYSE:EQNR) has been given an average rating of “Hold” by the seventeen brokerages that are presently covering the firm, MarketBeat reports. Ten research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $21.54.

EQNR has been the topic of several analyst reports. Danske lowered Equinor ASA from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. upgraded Equinor ASA from a “neutral” rating to an “overweight” rating in a report on Friday. Credit Suisse Group upgraded Equinor ASA from an “underperform” rating to an “outperform” rating in a report on Wednesday, September 4th. DZ Bank upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Finally, ValuEngine upgraded Equinor ASA from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd.

Shares of EQNR stock traded down $0.38 on Thursday, hitting $18.28. 3,252,228 shares of the stock were exchanged, compared to its average volume of 1,718,470. The company has a current ratio of 1.32, a quick ratio of 1.18 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $62.57 billion, a P/E ratio of 9.05 and a beta of 1.01. The business has a 50-day moving average of $19.00 and a 200 day moving average of $18.79. Equinor ASA has a fifty-two week low of $16.24 and a fifty-two week high of $23.97.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Manning & Napier Group LLC bought a new stake in Equinor ASA in the second quarter valued at approximately $4,727,000. Janney Montgomery Scott LLC raised its stake in Equinor ASA by 7.4% in the second quarter. Janney Montgomery Scott LLC now owns 18,731 shares of the company’s stock valued at $370,000 after buying an additional 1,297 shares during the period. Fisher Asset Management LLC raised its stake in Equinor ASA by 18.3% in the second quarter. Fisher Asset Management LLC now owns 2,175,636 shares of the company’s stock valued at $43,034,000 after buying an additional 336,136 shares during the period. First Trust Advisors LP raised its stake in Equinor ASA by 44.2% in the second quarter. First Trust Advisors LP now owns 23,254 shares of the company’s stock valued at $460,000 after buying an additional 7,133 shares during the period. Finally, Stevens Capital Management LP raised its stake in Equinor ASA by 62.3% in the second quarter. Stevens Capital Management LP now owns 102,225 shares of the company’s stock valued at $2,022,000 after buying an additional 39,221 shares during the period. Institutional investors and hedge funds own 5.92% of the company’s stock.

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.

Read More: Are FAANG stocks a good investment?

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

Founders Capital Management Sells 500 Shares of Weingarten Realty Investors
Founders Capital Management Sells 500 Shares of Weingarten Realty Investors
Founders Capital Management Has $28,000 Stock Holdings in Genworth Financial Inc
Founders Capital Management Has $28,000 Stock Holdings in Genworth Financial Inc
Comcast Co.  Stake Boosted by 10 15 Associates Inc.
Comcast Co. Stake Boosted by 10 15 Associates Inc.
10 15 Associates Inc. Has $2.27 Million Stake in Air Products & Chemicals, Inc.
10 15 Associates Inc. Has $2.27 Million Stake in Air Products & Chemicals, Inc.
10 15 Associates Inc. Has $2.86 Million Stock Holdings in CVS Health Corp
10 15 Associates Inc. Has $2.86 Million Stock Holdings in CVS Health Corp
10 15 Associates Inc. Grows Stock Holdings in Canadian Pacific Railway Ltd
10 15 Associates Inc. Grows Stock Holdings in Canadian Pacific Railway Ltd


© 2006-2020 Ticker Report