Equinor ASA (NYSE:EQNR) Lowered to “Buy” Rating by StockNews.com

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

A number of other brokerages also recently commented on EQNR. Barclays raised shares of Equinor ASA to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target for the company in a report on Monday, October 14th. UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 8th. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Finally, Citigroup raised 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, six have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Equinor ASA has a consensus rating of “Hold” and a consensus price target of $26.90.

Equinor ASA Price Performance

Shares of NYSE EQNR opened at $24.67 on Thursday. The business has a 50-day moving average of $24.58 and a 200-day moving average of $26.34. Equinor ASA has a fifty-two week low of $22.15 and a fifty-two week high of $33.24. 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 has a market capitalization of $68.90 billion, a price-to-earnings ratio of 7.57, a PEG ratio of 5.41 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.79 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 EPS. As a group, sell-side analysts predict that Equinor ASA will post 3.31 earnings per share for the current fiscal year.

Institutional Trading of Equinor ASA

Several institutional investors have recently added to or reduced their stakes in EQNR. Public Employees Retirement System of Ohio bought a new position in Equinor ASA during the 3rd quarter worth $3,685,000. Wellington Management Group LLP grew its stake in shares of Equinor ASA by 3.7% in the third quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock valued at $95,019,000 after acquiring an additional 132,157 shares in the last quarter. Stifel Financial Corp increased its position in Equinor ASA by 20.0% during the third quarter. Stifel Financial Corp now owns 75,475 shares of the company’s stock worth $1,912,000 after acquiring an additional 12,585 shares during the period. Quantinno Capital Management LP raised its stake in Equinor ASA by 30.0% in the 3rd quarter. Quantinno Capital Management LP now owns 37,531 shares of the company’s stock worth $951,000 after purchasing an additional 8,663 shares in the last quarter. Finally, IHT Wealth Management LLC raised 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 in the last quarter. 5.51% of the stock is currently owned by institutional investors.

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.