Shares of Equinor ASA (NYSE:EQNR) have earned an average recommendation of “Hold” from the eighteen ratings firms that are currently covering the company, MarketBeat reports. Ten analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $21.36.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Equinor ASA from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Tuesday, October 8th. DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, September 6th. ValuEngine upgraded shares of Equinor ASA from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Sanford C. Bernstein upgraded shares of Equinor ASA from a “market perform” rating to an “outperform” rating and set a $20.00 price objective on the stock in a report on Monday, July 1st. Finally, DNB Markets downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating in a report on Friday, September 27th.
Equinor ASA stock opened at $18.07 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 1.43. The firm has a market cap of $60.83 billion, a price-to-earnings ratio of 8.95 and a beta of 0.94. Equinor ASA has a 1 year low of $16.24 and a 1 year high of $27.27. The firm’s 50 day moving average price is $18.67 and its two-hundred day moving average price is $19.63.
Equinor ASA (NYSE:EQNR) last issued its earnings results on Thursday, July 25th. The company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.07). The company had revenue of $17.10 billion for the quarter. Equinor ASA had a net margin of 10.94% and a return on equity of 14.13%. As a group, equities analysts predict that Equinor ASA will post 1.54 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. FMR LLC increased its stake 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 acquiring an additional 808,617 shares during the period. Renaissance Technologies LLC boosted its position in Equinor ASA by 1.8% in the second quarter. Renaissance Technologies LLC now owns 9,164,223 shares of the company’s stock valued at $181,268,000 after buying an additional 160,600 shares in the last quarter. Fisher Asset Management LLC boosted its position 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 in the last quarter. Morgan Stanley boosted its position in Equinor ASA by 198.9% in the second quarter. Morgan Stanley now owns 1,502,684 shares of the company’s stock valued at $29,723,000 after buying an additional 999,931 shares in the last quarter. Finally, Citadel Advisors LLC boosted its position in Equinor ASA by 281.0% in the second quarter. Citadel Advisors LLC now owns 1,259,542 shares of the company’s stock valued at $24,914,000 after buying an additional 928,961 shares in the last quarter. 5.73% of the stock is currently owned by institutional investors and hedge funds.
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.
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