Equinor ASA (NYSE:EQNR) Given Average Recommendation of “Hold” by Brokerages

Shares of Equinor ASA (NYSE:EQNR) have been assigned a consensus rating of “Hold” from the nine research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $26.90.

A number of equities research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research report on Friday, December 20th. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Finally, Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective on the stock in a research report on Monday, October 14th.

Hedge Funds Weigh In On Equinor ASA

A number of institutional investors have recently modified their holdings of the company. Mediolanum International Funds Ltd acquired a new position in Equinor ASA in the third quarter valued at $6,203,000. Commonwealth Equity Services LLC increased its stake in shares of Equinor ASA by 1,334.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 176,993 shares of the company’s stock valued at $5,055,000 after acquiring an additional 164,658 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Equinor ASA during the 3rd quarter worth about $3,685,000. Cambridge Investment Research Advisors Inc. boosted its position in shares of Equinor ASA by 401.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 172,737 shares of the company’s stock worth $4,933,000 after acquiring an additional 138,273 shares during the last quarter. Finally, Wellington Management Group LLP grew its holdings in Equinor ASA by 3.7% in the third quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock valued at $95,019,000 after purchasing an additional 132,157 shares during the period. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Stock Performance

Shares of EQNR stock opened at $23.69 on Friday. 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 stock has a 50 day simple moving average of $23.59 and a 200-day simple moving average of $25.40. The company has a market cap of $66.16 billion, a price-to-earnings ratio of 7.27, a price-to-earnings-growth ratio of 1.20 and a beta of 0.84. Equinor ASA has a 12-month low of $21.85 and a 12-month high of $32.66.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.05. The firm had revenue of $25.45 billion during the quarter, compared to analysts’ expectations of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same quarter in the prior year, the business posted $0.92 earnings per share. On average, equities analysts forecast that Equinor ASA will post 3.35 EPS for the current year.

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.