Equinor ASA (NYSE:EQNR – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.
A number of other equities analysts also recently commented on EQNR. Jefferies Financial Group downgraded shares of Equinor ASA from a “hold” rating to an “underperform” rating in a research note on Wednesday, November 29th. DZ Bank cut shares of Equinor ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. TD Cowen assumed coverage on shares of Equinor ASA in a research note on Wednesday, January 10th. They issued a “market perform” rating and a $28.00 price objective on the stock. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $26.40 to $28.50 in a research note on Tuesday. Finally, Royal Bank of Canada cut shares of Equinor ASA from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, December 19th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Equinor ASA presently has a consensus rating of “Hold” and a consensus target price of $28.25.
Equinor ASA Stock Down 0.5 %
NYSE:EQNR opened at $25.48 on Friday. The stock’s fifty day moving average price is $29.16 and its two-hundred day moving average price is $31.09. Equinor ASA has a 52-week low of $24.44 and a 52-week high of $34.73. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.61 and a current ratio of 1.71. The company has a market cap of $79.55 billion, a price-to-earnings ratio of 6.52 and a beta of 0.88.
Equinor ASA (NYSE:EQNR – Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.44). Equinor ASA had a net margin of 11.09% and a return on equity of 20.32%. The firm had revenue of $29.05 billion during the quarter, compared to the consensus estimate of $27.35 billion. On average, analysts anticipate that Equinor ASA will post 3.33 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of EQNR. JPMorgan Chase & Co. boosted its holdings in Equinor ASA by 6,737.6% in the 1st quarter. JPMorgan Chase & Co. now owns 139,693 shares of the company’s stock valued at $5,240,000 after purchasing an additional 137,650 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in shares of Equinor ASA by 9.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 26,679 shares of the company’s stock valued at $1,001,000 after acquiring an additional 2,342 shares during the period. Private Advisor Group LLC purchased a new position in shares of Equinor ASA in the first quarter valued at about $295,000. Acadian Asset Management LLC purchased a new position in shares of Equinor ASA in the first quarter valued at about $107,000. Finally, Panagora Asset Management Inc. bought a new stake in shares of Equinor ASA during the 1st quarter valued at about $404,000. 5.38% of the stock is owned by institutional investors.
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.