Equinor ASA (NYSE:EQNR) Given Consensus Rating of “Reduce” by Analysts

Equinor ASA (NYSE:EQNR) has received an average recommendation of “Reduce” from the nine analysts that are covering the company, Marketbeat reports. Three analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $26.90.

EQNR has been the subject of several research reports. Barclays raised shares of Equinor ASA to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley cut Equinor ASA from an “equal weight” rating to an “underweight” rating and lowered their price target for the company from $30.50 to $25.80 in a report on Thursday, August 29th. Citigroup raised Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. TD Cowen lowered their target price on Equinor ASA from $30.00 to $28.00 and set a “hold” rating on the stock in a report on Wednesday, July 10th. Finally, StockNews.com cut Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 29th.

Institutional Investors Weigh In On Equinor ASA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EQNR. Milestone Asset Management LLC purchased a new stake in shares of Equinor ASA in the second quarter worth $794,000. US Bancorp DE increased its stake in Equinor ASA by 228.5% in the 1st quarter. US Bancorp DE now owns 161,639 shares of the company’s stock worth $4,369,000 after buying an additional 112,438 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in Equinor ASA by 90.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 44,592 shares of the company’s stock valued at $1,205,000 after acquiring an additional 21,130 shares during the period. Virtu Financial LLC purchased a new position in shares of Equinor ASA in the first quarter valued at about $670,000. Finally, Empowered Funds LLC bought a new position in shares of Equinor ASA in the first quarter worth about $1,492,000. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Performance

Shares of EQNR opened at $25.54 on Monday. Equinor ASA has a 12 month low of $24.02 and a 12 month high of $34.73. The business’s fifty day simple moving average is $26.06 and its two-hundred day simple moving average is $27.09. The company has a current ratio of 1.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.53. The company has a market cap of $75.21 billion, a price-to-earnings ratio of 7.91, a P/E/G ratio of 2.35 and a beta of 0.83.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.84 EPS for the quarter, topping the consensus estimate of $0.81 by $0.03. Equinor ASA had a return on equity of 20.65% and a net margin of 9.11%. The company had revenue of $25.54 billion during the quarter, compared to the consensus estimate of $25.93 billion. During the same period last year, the company earned $0.74 EPS. Research analysts anticipate that Equinor ASA will post 3.32 earnings per share for the current fiscal year.

Equinor ASA Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 19th were paid a $0.35 dividend. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, August 19th. Equinor ASA’s dividend payout ratio (DPR) is currently 43.34%.

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.