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 report published on Monday morning.

Other equities analysts have also issued reports about the stock. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $25.80 to $30.90 in a research note on Tuesday, January 7th. Berenberg Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Finally, Citigroup raised Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.45.

Equinor ASA Trading Up 0.6 %

NYSE:EQNR opened at $25.67 on Monday. The firm has a market capitalization of $71.69 billion, a price-to-earnings ratio of 7.87, a price-to-earnings-growth ratio of 1.31 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 business has a fifty day moving average price of $23.77 and a 200-day moving average price of $25.23. Equinor ASA has a one year low of $21.85 and a one year high of $29.75.

Equinor ASA (NYSE:EQNR) 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 return on equity of 19.97% and a net margin of 8.95%. The firm had revenue of $25.45 billion for the quarter, compared to the consensus estimate of $24.45 billion. During the same quarter last year, the company earned $0.92 earnings per share. Sell-side analysts forecast that Equinor ASA will post 3.36 EPS for the current year.

Institutional Inflows and Outflows

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