Equinor ASA (EQNR) To Go Ex-Dividend on February 14th

Equinor ASA (NYSE:EQNR) announced a quarterly dividend on Monday, January 27th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.35 per share on Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 5.94%. The ex-dividend date of this dividend is Friday, February 14th.

Equinor ASA has raised its dividend by an average of 34.1% per year over the last three years. Equinor ASA has a payout ratio of 45.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Equinor ASA to earn $3.49 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 40.1%.

Equinor ASA Stock Up 0.1 %

NYSE EQNR opened at $23.57 on Wednesday. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The stock’s 50 day moving average is $24.03 and its 200 day moving average is $25.01. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $29.49. The stock has a market cap of $65.81 billion, a PE ratio of 7.23, a P/E/G ratio of 1.19 and a beta of 0.84.

Analysts Set New Price Targets

Several brokerages have commented on EQNR. JPMorgan Chase & Co. upgraded shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Citigroup upgraded Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. Finally, Morgan Stanley raised 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 report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.45.

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.