Equinor ASA (NYSE:EQNR – Get Rating) has received an average rating of "Hold" from the twenty-one analysts that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a sell recommendation, nine have assigned a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $272.00.
A number of research firms recently commented on EQNR. JPMorgan Chase & Co. lifted their price objective on Equinor ASA from 350.00 to 380.00 in a research report on Friday, July 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on Equinor ASA from 314.00 to 354.00 and gave the stock a "hold" rating in a research report on Wednesday, July 6th. Credit Suisse Group began coverage on Equinor ASA in a research report on Thursday, June 9th. They set a "neutral" rating for the company. Finally, Morgan Stanley lifted their price objective on Equinor ASA from 287.00 to 304.00 and gave the stock an "underweight" rating in a research report on Wednesday, August 17th.
Get Equinor ASA alerts:Equinor ASA Trading Down 6.2 %
Shares of EQNR stock opened at $32.15 on Friday. Equinor ASA has a fifty-two week low of $23.81 and a fifty-two week high of $42.53. The stock has a market cap of $104.37 billion, a P/E ratio of 6.38, a P/E/G ratio of 1.08 and a beta of 0.98. The business has a fifty day simple moving average of $37.04 and a 200-day simple moving average of $35.95. The company has a quick ratio of 1.49, a current ratio of 1.60 and a debt-to-equity ratio of 0.64.
Equinor ASA (NYSE:EQNR – Get Rating) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.56 earnings per share for the quarter, beating analysts' consensus estimates of $1.44 by $0.12. The business had revenue of $36.39 billion during the quarter, compared to analysts' expectations of $50.49 billion. Equinor ASA had a return on equity of 43.24% and a net margin of 12.66%. On average, analysts forecast that Equinor ASA will post 6.31 earnings per share for the current fiscal year.Equinor ASA Dividend Announcement
The company also recently disclosed a None dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were paid 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 is currently 11.51%.
Hedge Funds Weigh In On Equinor ASA
Several hedge funds and other institutional investors have recently modified their holdings of the company. Financial Gravity Asset Management Inc. raised its holdings in shares of Equinor ASA by 867.1% during the 2nd quarter. Financial Gravity Asset Management Inc. now owns 735 shares of the company's stock valued at $4,648,000 after buying an additional 659 shares during the period. Trust Co. of Vermont purchased a new stake in shares of Equinor ASA during the 2nd quarter valued at about $27,000. JFS Wealth Advisors LLC raised its holdings in shares of Equinor ASA by 378.4% during the 1st quarter. JFS Wealth Advisors LLC now owns 842 shares of the company's stock valued at $32,000 after buying an additional 666 shares during the period. Tcwp LLC purchased a new stake in shares of Equinor ASA during the 1st quarter valued at about $36,000. Finally, Samalin Investment Counsel LLC purchased a new stake in shares of Equinor ASA during the 1st quarter valued at about $50,000. 5.41% of the stock is owned by institutional investors and hedge funds.
About Equinor ASA
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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.
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