Equinor ASA (EQNR) Receives Average Rating of “Hold” from Analysts

Shares of Equinor ASA (NYSE:EQNR) have received a consensus recommendation of “Hold” from the eight analysts that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

Several research firms have issued reports on EQNR. Sanford C. Bernstein lowered shares of Equinor ASA from an “outperform” rating to a “market perform” rating in a research report on Tuesday, July 10th. Zacks Investment Research lowered shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Bank of America upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Friday. Macquarie upgraded shares of Equinor ASA from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 3rd. Finally, Credit Suisse Group lowered shares of Equinor ASA from an “outperform” rating to a “neutral” rating in a research report on Thursday, July 19th.

Several institutional investors have recently bought and sold shares of the company. Folketrygdfondet purchased a new stake in Equinor ASA in the second quarter worth about $3,042,083,000. Renaissance Technologies LLC purchased a new stake in Equinor ASA in the second quarter worth about $243,319,000. FMR LLC purchased a new stake in Equinor ASA in the second quarter worth about $166,549,000. Earnest Partners LLC purchased a new stake in Equinor ASA in the second quarter worth about $154,133,000. Finally, Bank of America Corp DE purchased a new stake in Equinor ASA in the second quarter worth about $56,964,000. Institutional investors own 5.17% of the company’s stock.

EQNR opened at $27.47 on Friday. The firm has a market capitalization of $93.71 billion, a P/E ratio of 19.91, a PEG ratio of 0.98 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.13 and a debt-to-equity ratio of 0.58. Equinor ASA has a 52 week low of $19.74 and a 52 week high of $28.93.

Equinor ASA (NYSE:EQNR) last released its earnings results on Thursday, July 26th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.09. Equinor ASA had a return on equity of 13.09% and a net margin of 6.69%. The business had revenue of $18.14 billion for the quarter. As a group, sell-side analysts anticipate that Equinor ASA will post 1.87 earnings per share for the current fiscal year.

About Equinor ASA

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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