Equinor ASA (EQNR) To Go Ex-Dividend on May 16th

Equinor ASA (NYSE:EQNR) announced a quarterly dividend on Wednesday, April 9th, Wall Street Journal reports. Stockholders of record on Friday, May 16th will be paid a dividend of 0.304 per share on Wednesday, May 28th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 5.15%. The ex-dividend date is Friday, May 16th.

Equinor ASA has increased its dividend by an average of 34.1% per year over the last three years. Equinor ASA has a dividend payout ratio of 47.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Equinor ASA to earn $3.38 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 43.8%.

Equinor ASA Trading Up 2.3%

NYSE EQNR opened at $23.63 on Wednesday. The firm has a market cap of $65.99 billion, a PE ratio of 7.60, a P/E/G ratio of 0.58 and a beta of 0.58. The firm’s fifty day moving average is $23.88 and its two-hundred day moving average is $23.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.36 and a current ratio of 1.48. Equinor ASA has a one year low of $21.41 and a one year high of $29.32.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.66 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.17). The company had revenue of $27.14 billion for the quarter, compared to analysts’ expectations of $27.16 billion. Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. Analysts expect that Equinor ASA will post 3.46 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on EQNR. StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Friday, February 14th. Morgan Stanley downgraded shares of Equinor ASA from an “overweight” rating to an “equal weight” rating and set a $22.70 price objective on the stock. in a research note on Monday. Nordea Equity Research raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. HSBC raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 10th. Finally, Royal Bank of Canada downgraded shares of Equinor ASA from a “sector perform” rating to an “underperform” rating in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, Equinor ASA presently has an average rating of “Moderate Buy” and an average price target of $20.85.

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.