Brokerages Set Equinor ASA (NYSE:EQNR) PT at $29.45

Equinor ASA (NYSE:EQNRGet Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $29.45.

EQNR has been the subject of a number of recent analyst reports. Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $25.80 to $30.90 in a research note on Tuesday, January 7th. Finally, Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th.

Check Out Our Latest Research Report on EQNR

Equinor ASA Trading Down 1.6 %

Shares of EQNR stock opened at $23.85 on Wednesday. The company has a market cap of $66.60 billion, a PE ratio of 7.31, a price-to-earnings-growth ratio of 1.19 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The stock’s 50 day simple moving average is $24.05 and its two-hundred day simple moving average is $25.08. Equinor ASA has a 1 year low of $21.85 and a 1 year high of $29.49.

Equinor ASA (NYSE:EQNRGet Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The company had revenue of $25.45 billion during the quarter, compared to analyst estimates of $24.45 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. Research analysts predict that Equinor ASA will post 3.29 earnings per share for the current year.

Institutional Investors Weigh In On Equinor ASA

Several large investors have recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in shares of Equinor ASA by 27.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after purchasing an additional 365 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of Equinor ASA by 2.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company’s stock valued at $480,000 after buying an additional 440 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Equinor ASA by 12.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock valued at $122,000 after buying an additional 543 shares during the last quarter. Profund Advisors LLC boosted its holdings in shares of Equinor ASA by 3.0% in the 2nd quarter. Profund Advisors LLC now owns 19,260 shares of the company’s stock valued at $550,000 after buying an additional 559 shares in the last quarter. Finally, Ipswich Investment Management Co. Inc. grew its position in shares of Equinor ASA by 1.2% in the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 81,200 shares of the company’s stock worth $2,057,000 after buying an additional 1,000 shares during the last quarter. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Company Profile

(Get Free Report

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.

Read More

Analyst Recommendations for Equinor ASA (NYSE:EQNR)

Receive News & Ratings for Equinor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinor ASA and related companies with MarketBeat.com's FREE daily email newsletter.