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Equinor ASA (NYSE:EQNR) Shares Gap Down to $35.08

Defense World · Sep 21, 2022 07:01

Shares of Equinor ASA (NYSE:EQNR – Get Rating) gapped down prior to trading on Monday . The stock had previously closed at $35.08, but opened at $33.43. Equinor ASA shares last traded at $34.13, with a volume of 48,452 shares changing hands.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Equinor ASA from 314.00 to 354.00 and gave the company a "hold" rating in a research report on Wednesday, July 6th. Morgan Stanley raised their target price on shares of Equinor ASA from 287.00 to 304.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 17th. Credit Suisse Group started coverage on shares of Equinor ASA in a research report on Thursday, June 9th. They set a "neutral" rating on the stock. Finally, JPMorgan Chase & Co. raised their target price on shares of Equinor ASA from 350.00 to 380.00 in a research report on Friday, July 15th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $272.00.

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Equinor ASA Stock Performance

The company has a market capitalization of $112.35 billion, a price-to-earnings ratio of 6.87, a price-to-earnings-growth ratio of 1.09 and a beta of 0.98. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.49 and a current ratio of 1.60. The company's fifty day simple moving average is $36.94 and its two-hundred day simple moving average is $35.96.

Equinor ASA (NYSE:EQNR – Get Rating) last announced its quarterly earnings data on Wednesday, July 27th. The company reported $1.56 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.12. The company had revenue of $36.39 billion during the quarter, compared to analyst estimates of $50.49 billion. Equinor ASA had a net margin of 12.66% and a return on equity of 43.24%. Equities research analysts predict that Equinor ASA will post 6.31 earnings per share for the current fiscal year.

Equinor ASA Dividend Announcement

The firm also recently declared a None dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were issued a $0.345 dividend. This represents a dividend yield of 1.9%. The ex-dividend date was Thursday, August 11th. Equinor ASA's dividend payout ratio (DPR) is presently 11.51%.

Institutional Trading of Equinor ASA

Several hedge funds have recently bought and sold shares of the company. Capital Analysts LLC lifted its position in Equinor ASA by 8.9% in the 2nd quarter. Capital Analysts LLC now owns 3,222 shares of the company's stock valued at $112,000 after purchasing an additional 264 shares during the last quarter. Personal CFO Solutions LLC lifted its position in Equinor ASA by 3.6% in the 2nd quarter. Personal CFO Solutions LLC now owns 8,163 shares of the company's stock valued at $284,000 after purchasing an additional 280 shares during the last quarter. Cetera Advisor Networks LLC lifted its position in Equinor ASA by 1.0% in the 2nd quarter. Cetera Advisor Networks LLC now owns 31,401 shares of the company's stock valued at $1,091,000 after purchasing an additional 314 shares during the last quarter. Quadrant Capital Group LLC raised its position in shares of Equinor ASA by 4.1% during the 1st quarter. Quadrant Capital Group LLC now owns 8,455 shares of the company's stock worth $317,000 after buying an additional 334 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Equinor ASA by 35.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,509 shares of the company's stock worth $53,000 after buying an additional 398 shares in the last quarter. 5.41% of the stock is currently owned by institutional investors.

Equinor ASA Company Profile

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Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, 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.