Equinor ASA (NYSE:EQNR) Upgraded to Strong-Buy at Hsbc Global Res

Equinor ASA (NYSE:EQNR) was upgraded by investment analysts at Hsbc Global Res to a “strong-buy” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Several other equities analysts have also recently commented on the stock. StockNews.com cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. Royal Bank of Canada reiterated a “sector perform” rating on shares of Equinor ASA in a report on Thursday, February 6th. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, Danske raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.45.

Equinor ASA Trading Down 5.7 %

NYSE EQNR opened at $23.26 on Monday. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $23.93 and a 200 day simple moving average of $24.78. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $29.32. The firm has a market capitalization of $64.96 billion, a P/E ratio of 7.48, a PEG ratio of 1.27 and a beta of 0.83.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Wednesday, February 5th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. On average, analysts predict that Equinor ASA will post 3.38 EPS for the current fiscal year.

Hedge Funds Weigh In On Equinor ASA

Several hedge funds have recently made changes to their positions in EQNR. Quadrant Capital Group LLC boosted its stake in Equinor ASA by 75.1% in the 4th quarter. Quadrant Capital Group LLC now owns 13,251 shares of the company’s stock worth $314,000 after purchasing an additional 5,683 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Equinor ASA by 3.3% in the fourth quarter. Russell Investments Group Ltd. now owns 108,883 shares of the company’s stock worth $2,579,000 after buying an additional 3,491 shares in the last quarter. Wedbush Securities Inc. boosted its position in shares of Equinor ASA by 245.7% in the fourth quarter. Wedbush Securities Inc. now owns 27,344 shares of the company’s stock valued at $648,000 after acquiring an additional 19,434 shares during the period. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in Equinor ASA during the fourth quarter valued at approximately $465,000. Finally, Integrated Quantitative Investments LLC bought a new stake in Equinor ASA during the 4th quarter worth approximately $398,000. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

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.