Equinor ASA (NYSE:EQNR) Upgraded at StockNews.com

StockNews.com upgraded shares of Equinor ASA (NYSE:EQNR) from a buy rating to a strong-buy rating in a research report report published on Friday morning.

Other equities research analysts also recently issued research reports about the company. Citigroup raised Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price on the stock in a research report on Monday, October 14th. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $26.90.

Equinor ASA Price Performance

Shares of EQNR stock opened at $22.29 on Friday. Equinor ASA has a twelve month low of $21.85 and a twelve month high of $32.66. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The business has a fifty day simple moving average of $23.81 and a 200 day simple moving average of $25.66. The company has a market cap of $62.25 billion, a P/E ratio of 6.84, a P/E/G ratio of 1.20 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $25.45 billion for the quarter, compared to the consensus estimate of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same period last year, the company posted $0.92 EPS. On average, sell-side analysts forecast that Equinor ASA will post 3.35 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC bought a new stake in Equinor ASA in the third quarter worth approximately $1,933,000. Cetera Investment Advisers increased its stake in shares of Equinor ASA by 52.7% in the 2nd quarter. Cetera Investment Advisers now owns 69,718 shares of the company’s stock valued at $1,991,000 after acquiring an additional 24,052 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Equinor ASA in the 3rd quarter valued at $2,509,000. Truist Financial Corp lifted its position in shares of Equinor ASA by 9.2% during the 2nd quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock valued at $397,000 after acquiring an additional 1,167 shares during the period. Finally, Crossmark Global Holdings Inc. boosted its stake in Equinor ASA by 52.1% during the third quarter. Crossmark Global Holdings Inc. now owns 86,174 shares of the company’s stock worth $2,183,000 after acquiring an additional 29,516 shares in the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

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.