Equinor ASA (NYSE:EQNR) Rating Lowered to Buy at StockNews.com

Equinor ASA (NYSE:EQNR) was downgraded by equities researchers at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

Several other brokerages have also recently weighed in on EQNR. JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Citigroup upgraded Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Equinor ASA currently has an average rating of “Moderate Buy” and a consensus target price of $26.90.

Equinor ASA Price Performance

Shares of EQNR opened at $25.20 on Friday. The business has a 50-day simple moving average of $23.57 and a two-hundred day simple moving average of $25.38. Equinor ASA has a 12-month low of $21.85 and a 12-month high of $32.66. The stock has a market cap of $70.38 billion, a PE ratio of 7.73, a PEG ratio of 1.20 and a beta of 0.84. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. The company had revenue of $25.45 billion during the quarter, compared to the consensus estimate of $24.45 billion. During the same quarter in the prior year, the firm posted $0.92 earnings per share. Analysts anticipate that Equinor ASA will post 3.35 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equinor ASA

Several large investors have recently added to or reduced their stakes in EQNR. Reston Wealth Management LLC acquired a new stake in Equinor ASA in the third quarter worth $31,000. Rothschild Investment LLC acquired a new stake in shares of Equinor ASA in the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its stake in shares of Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after buying an additional 365 shares during the period. Bruce G. Allen Investments LLC increased its position in Equinor ASA by 363.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after buying an additional 1,512 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Equinor ASA during the 2nd quarter worth approximately $51,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

About Equinor ASA

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.