Zacks: Brokerages Expect Equinor ASA (NYSE:EQNR) Will Announce Earnings of $0.81 Per Share

Wall Street analysts expect Equinor ASA (NYSE:EQNR) to report $0.81 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have provided estimates for Equinor ASA’s earnings. Equinor ASA posted earnings per share of ($0.18) in the same quarter last year, which indicates a positive year-over-year growth rate of 550%. The business is expected to report its next quarterly earnings report on Wednesday, February 9th.

On average, analysts expect that Equinor ASA will report full year earnings of $3.10 per share for the current financial year, with EPS estimates ranging from $2.86 to $3.47. For the next financial year, analysts forecast that the business will report earnings of $3.46 per share, with EPS estimates ranging from $2.57 to $4.39. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Equinor ASA.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Tuesday, October 26th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.23. The firm had revenue of $23.26 billion for the quarter. Equinor ASA had a return on equity of 17.98% and a net margin of 4.04%.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Equinor ASA from a “strong-buy” rating to a “hold” rating and set a $26.00 price target on the stock. in a research note on Tuesday. JPMorgan Chase & Co. restated an “underweight” rating on shares of Equinor ASA in a research note on Monday, October 11th. TheStreet upgraded Equinor ASA from a “c” rating to a “b-” rating in a research report on Friday, October 29th. Nordea Equity Research downgraded Equinor ASA from a “buy” rating to a “hold” rating in a research report on Monday, September 20th. Finally, Morgan Stanley reiterated an “underweight” rating on shares of Equinor ASA in a research report on Tuesday, November 9th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $26.94.

Several institutional investors have recently made changes to their positions in EQNR. OLD Mission Capital LLC purchased a new position in shares of Equinor ASA in the third quarter valued at about $4,007,000. Captrust Financial Advisors lifted its position in shares of Equinor ASA by 43.3% in the first quarter. Captrust Financial Advisors now owns 4,486 shares of the company’s stock valued at $87,000 after acquiring an additional 1,356 shares in the last quarter. Morgan Stanley lifted its position in shares of Equinor ASA by 23.0% in the first quarter. Morgan Stanley now owns 312,925 shares of the company’s stock valued at $6,090,000 after acquiring an additional 58,447 shares in the last quarter. Verition Fund Management LLC purchased a new position in shares of Equinor ASA in the first quarter valued at about $199,000. Finally, D. E. Shaw & Co. Inc. purchased a new position in shares of Equinor ASA in the first quarter valued at about $1,999,000. Institutional investors and hedge funds own 5.40% of the company’s stock.

Shares of EQNR stock traded down $0.07 on Thursday, reaching $25.71. The stock had a trading volume of 2,051,749 shares, compared to its average volume of 2,899,764. The stock has a market cap of $83.46 billion, a P/E ratio of 30.25, a price-to-earnings-growth ratio of 0.16 and a beta of 1.09. Equinor ASA has a 1 year low of $15.33 and a 1 year high of $28.30. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.56 and a current ratio of 1.66. The company has a 50 day simple moving average of $26.02 and a 200 day simple moving average of $22.93.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 24th. Stockholders of record on Friday, November 12th were given a $0.18 dividend. The ex-dividend date was Wednesday, November 10th. This represents a $0.72 annualized dividend and a dividend yield of 2.80%. Equinor ASA’s payout ratio is 61.18%.

About Equinor ASA

Equinor ASA engages in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It operates through the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, and Processing, and Other.

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