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

Shares of Equinor ASA (NYSE:EQNR) have been assigned a consensus rating of “Hold” from the thirteen brokerages that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $39.20.

Several research analysts have issued reports on the company. Royal Bank Of Canada upgraded Equinor ASA from an “underperform” rating to a “sector perform” rating in a report on Thursday, July 23rd. DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. TD Cowen upped their price objective on Equinor ASA from $37.00 to $38.00 and gave the company a “hold” rating in a research note on Friday, July 24th. Zacks Research downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Weiss Ratings upgraded Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd.

Hedge Funds Weigh In On Equinor ASA

Several large investors have recently modified their holdings of EQNR. Arrowstreet Capital Limited Partnership grew its stake in Equinor ASA by 599.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 12,966,671 shares of the company’s stock valued at $547,194,000 after buying an additional 11,112,362 shares in the last quarter. Bank of America Corp DE boosted its holdings in Equinor ASA by 30.2% in the 3rd quarter. Bank of America Corp DE now owns 15,759,942 shares of the company’s stock valued at $384,227,000 after purchasing an additional 3,659,611 shares during the period. DV Equities LLC bought a new position in Equinor ASA in the 4th quarter worth about $16,217,000. Voloridge Investment Management LLC raised its stake in Equinor ASA by 143.2% in the fourth quarter. Voloridge Investment Management LLC now owns 880,931 shares of the company’s stock valued at $20,816,000 after purchasing an additional 518,646 shares in the last quarter. Finally, Morgan Stanley raised its position in shares of Equinor ASA by 5.6% during the 4th quarter. Morgan Stanley now owns 9,250,933 shares of the company’s stock valued at $218,600,000 after buying an additional 493,801 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Performance

Shares of EQNR stock opened at $42.37 on Thursday. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 0.56. Equinor ASA has a 52 week low of $22.26 and a 52 week high of $43.46. The firm has a 50 day moving average of $36.97 and a 200-day moving average of $36.33. The company has a market cap of $101.29 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 2.82 and a beta of 0.04.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Tuesday, July 21st. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.06). Equinor ASA had a return on equity of 23.60% and a net margin of 7.92%.The company had revenue of $34.02 billion for the quarter, compared to the consensus estimate of $34.03 billion. On average, equities analysts forecast that Equinor ASA will post 4.93 earnings per share for the current year.

Equinor ASA Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.56 annualized dividend and a yield of 3.7%. Equinor ASA’s dividend payout ratio is 34.88%.

Equinor ASA Company Profile

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.