Equinor ASA (NYSE:EQNR) Receives $29.45 Average Target Price from Analysts

Shares of Equinor ASA (NYSE:EQNR) have received a consensus recommendation of “Moderate Buy” from the fifteen analysts that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $29.45.

A number of research analysts have recently issued reports on EQNR shares. Morgan Stanley upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $25.80 to $30.90 in a research note on Tuesday, January 7th. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. upgraded shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Finally, Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th.

Equinor ASA Stock Down 1.1 %

EQNR stock opened at $23.22 on Friday. Equinor ASA has a twelve month low of $21.85 and a twelve month high of $29.32. The company has a market cap of $64.83 billion, a PE ratio of 7.46, a price-to-earnings-growth ratio of 0.58 and a beta of 0.83. The business’s 50-day simple moving average is $23.88 and its 200 day simple moving average is $24.65. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. On average, research analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 6.03%. The ex-dividend date is Friday, February 14th. Equinor ASA’s payout ratio is 37.62%.

Institutional Trading of Equinor ASA

Several institutional investors and hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp raised its position in shares of Equinor ASA by 3.1% during the 4th quarter. Van ECK Associates Corp now owns 16,288 shares of the company’s stock valued at $386,000 after acquiring an additional 487 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Equinor ASA by 10.8% during the 4th quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company’s stock valued at $123,000 after acquiring an additional 505 shares during the last quarter. Gallacher Capital Management LLC raised its position in shares of Equinor ASA by 2.7% during the 4th quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company’s stock valued at $464,000 after acquiring an additional 518 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Equinor ASA by 12.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock valued at $122,000 after acquiring an additional 543 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in shares of Equinor ASA by 10.6% during the 4th quarter. Farther Finance Advisors LLC now owns 6,173 shares of the company’s stock valued at $146,000 after acquiring an additional 593 shares during the last quarter. 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.