Erste Group Bank Raises Earnings Estimates for Equinor ASA

Equinor ASA (NYSE:EQNR) – Research analysts at Erste Group Bank lifted their FY2027 EPS estimates for Equinor ASA in a research note issued on Thursday, April 2nd. Erste Group Bank analyst H. Engel now anticipates that the company will post earnings of $3.30 per share for the year, up from their previous forecast of $3.03. The consensus estimate for Equinor ASA’s current full-year earnings is $3.46 per share.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Wednesday, February 4th. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.60 by $0.21. Equinor ASA had a net margin of 4.74% and a return on equity of 15.23%. The business had revenue of $25.26 billion during the quarter, compared to the consensus estimate of $21.31 billion.

Other research analysts also recently issued reports about the stock. DZ Bank upgraded shares of Equinor ASA from a “strong sell” rating to a “hold” rating in a research report on Friday, March 20th. Pareto Securities downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Friday, March 27th. Bank of America downgraded shares of Equinor ASA from a “buy” rating to a “neutral” rating in a report on Thursday, February 5th. TD Cowen upped their price target on shares of Equinor ASA from $25.00 to $37.00 and gave the stock a “hold” rating in a report on Friday, March 20th. Finally, Weiss Ratings upgraded shares of Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $34.61.

Equinor ASA Stock Down 0.0%

Shares of EQNR opened at $41.95 on Wednesday. Equinor ASA has a one year low of $21.41 and a one year high of $43.46. The company has a market cap of $123.53 billion, a P/E ratio of 22.08 and a beta of 0.13. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.27 and a quick ratio of 1.16. The firm has a 50 day simple moving average of $33.14 and a two-hundred day simple moving average of $27.14.

Equinor ASA Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Friday, May 15th will be paid a $0.39 dividend. This is a positive change from Equinor ASA’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Friday, May 15th. Equinor ASA’s payout ratio is presently 67.37%.

Institutional Trading of Equinor ASA

Several institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC bought a new stake in shares of Equinor ASA in the fourth quarter worth $499,000. Corient Private Wealth LLC grew its holdings in Equinor ASA by 1.5% during the 4th quarter. Corient Private Wealth LLC now owns 50,157 shares of the company’s stock worth $1,185,000 after acquiring an additional 723 shares during the period. Pure Financial Advisors LLC acquired a new stake in Equinor ASA during the 4th quarter worth about $200,000. Empowered Funds LLC grew its holdings in Equinor ASA by 3.6% during the 4th quarter. Empowered Funds LLC now owns 120,638 shares of the company’s stock worth $2,851,000 after acquiring an additional 4,220 shares during the period. Finally, XTX Topco Ltd acquired a new stake in Equinor ASA during the 4th quarter worth about $448,000. Institutional investors own 5.51% of the company’s stock.

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.