Equinor ASA (NYSE:EQNR) Upgraded at Barclays

Barclays upgraded shares of Equinor ASA (NYSE:EQNR) from an equal weight rating to an overweight rating in a report issued on Monday morning, Marketbeat reports.

Other equities analysts also recently issued research reports about the company. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 21st. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Finally, Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective for the company in a research report on Monday, October 14th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.90.

Equinor ASA Stock Up 2.0 %

Equinor ASA stock opened at $24.37 on Monday. The stock’s 50 day moving average price is $24.52 and its 200 day moving average price is $26.25. Equinor ASA has a 1-year low of $22.15 and a 1-year high of $32.87. The company has a market cap of $68.06 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 5.30 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $25.45 billion during the quarter, compared to analysts’ expectations of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same period last year, the company posted $0.92 earnings per share. On average, sell-side analysts predict that Equinor ASA will post 3.31 EPS for the current fiscal year.

Institutional Investors Weigh In On Equinor ASA

Several large investors have recently made changes to their positions in EQNR. EverSource Wealth Advisors LLC grew its holdings in Equinor ASA by 27.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after acquiring an additional 365 shares during the period. Crossmark Global Holdings Inc. grew its stake in shares of Equinor ASA by 0.7% in the 2nd quarter. Crossmark Global Holdings Inc. now owns 56,658 shares of the company’s stock worth $1,618,000 after purchasing an additional 402 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Equinor ASA by 2.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company’s stock worth $480,000 after purchasing an additional 440 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Equinor ASA by 12.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock valued at $122,000 after purchasing an additional 543 shares during the last quarter. Finally, Profund Advisors LLC boosted its holdings in Equinor ASA by 3.0% during the second quarter. Profund Advisors LLC now owns 19,260 shares of the company’s stock worth $550,000 after buying an additional 559 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Company Profile

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