Equinor ASA (NYSE:EQNR) Stock Rating Upgraded by Barclays

Barclays upgraded shares of Equinor ASA (NYSE:EQNR) from an equal weight rating to an overweight rating in a research note published on Monday morning, Marketbeat Ratings reports.

Several other research firms also recently commented on EQNR. StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 21st. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price for the company in a research note on Monday, October 14th. Finally, Citigroup raised shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $26.90.

Equinor ASA Stock Performance

Shares of EQNR opened at $24.36 on Monday. The firm has a market capitalization of $68.03 billion, a P/E ratio of 7.47, a P/E/G ratio of 5.37 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. Equinor ASA has a 52 week low of $22.15 and a 52 week high of $33.19. The stock has a 50 day moving average price of $24.56 and a two-hundred day moving average price of $26.31.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. The company had revenue of $25.45 billion during 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 quarter in the prior year, the company posted $0.92 earnings per share. Equities analysts forecast that Equinor ASA will post 3.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equinor ASA

Large investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio purchased a new stake in Equinor ASA in the third quarter worth approximately $3,685,000. Wellington Management Group LLP boosted its position in Equinor ASA by 3.7% during the third quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock valued at $95,019,000 after buying an additional 132,157 shares during the period. Stifel Financial Corp lifted its stake in shares of Equinor ASA by 20.0% in the 3rd quarter. Stifel Financial Corp now owns 75,475 shares of the company’s stock valued at $1,912,000 after acquiring an additional 12,585 shares during the last quarter. Quantinno Capital Management LP boosted its holdings in Equinor ASA by 30.0% during the 3rd quarter. Quantinno Capital Management LP now owns 37,531 shares of the company’s stock valued at $951,000 after acquiring an additional 8,663 shares during the period. Finally, IHT Wealth Management LLC increased its stake in Equinor ASA by 74.5% in the 3rd quarter. IHT Wealth Management LLC now owns 27,064 shares of the company’s stock worth $693,000 after purchasing an additional 11,553 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

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.