Equinor ASA (NYSE:EQNR) Receives Consensus “Hold” Recommendation from Analysts

0

Shares of Equinor ASA (NYSE:EQNR – Get Rating) received an average rating of “Hold” from the twenty-two analysts who currently cover the stock, Marketbeat reports. Five investment analysts rated the stock with a sell recommendation, nine gave the company a hold recommendation and seven gave the company a buy recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the past year is $100.25.

Several brokerages have weighed in on EQNR. Berenberg Bank downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating in a Friday, Jan. 14 research report. Bank of America upgraded Equinor ASA shares from a “neutral” rating to a “buy” rating in a research report released Tuesday. Barclays raised its price target on Equinor ASA shares from 245.00 to 300.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 10. BNP Paribas downgraded shares of Equinor ASA from a “neutral” rating to an “underperforming” rating in a Friday, January 7 research report. Finally, UBS Group reiterated a “neutral” rating on Equinor ASA shares in a Monday, November 15 research report.

Hedge funds and other institutional investors have recently been buying and selling shares of the company. OLD Mission Capital LLC purchased a new equity stake in Equinor ASA during Q3 for approximately $4,007,000. Geode Capital Management LLC increased its position in Equinor ASA shares by 1.1% in the second quarter. Geode Capital Management LLC now owns 133,434 shares of the company worth $2,828,000 after acquiring an additional 1,461 shares in the last quarter. Cubist Systematic Strategies LLC increased its position in Equinor ASA shares by 168.7% in the second quarter. Cubist Systematic Strategies LLC now owns 51,005 shares of the company worth $1,081,000 after acquiring an additional 32,020 shares in the last quarter. Millennium Management LLC bought a new equity position in Equinor ASA in the second quarter worth approximately $23,436,000. Finally, Mariner LLC increased its position in Equinor ASA shares by 6.2% in the second quarter. Mariner LLC now owns 27,722 shares of the company worth $588,000 after acquiring 1,614 additional shares in the last quarter. 5.51% of the shares are held by institutional investors and hedge funds.

(A d)

Kevin O’Leary thinks this stock will be the best public investment in DeFi.

NYSE EQNR opened at $33.77 on Wednesday. The stock has a market capitalization of $109.63 billion, a P/E ratio of 12.79, a P/E/G ratio of 0.19 and a beta of 0.98. Equinor ASA has a 52-week low of $18.44 and a 52-week high of $35.37. The company has a 50-day moving average price of $29.44 and a 200-day moving average price of $26.75. The company has a quick ratio of 1.51, a current ratio of 1.60 and a debt ratio of 0.76.

Equinor ASA (NYSE:EQNR – Get Rating) last released its quarterly results on Tuesday, February 8. The company reported earnings per share (EPS) of $1.30 for the quarter, beating the consensus estimate of $0.63 by $0.67. Equinor ASA posted a net margin of 9.57% and a return on equity of 30.67%. In the same quarter of the previous year, the company made ($0.18) earnings per share. On average, equity research analysts expect Equinor ASA to post earnings per share of 3.58 for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 25. Shareholders of record on Monday, February 14 received a dividend of $0.18 per share. This represents an annualized dividend of $0.72 and a yield of 2.13%. The ex-dividend date was Friday, February 11. Equinor ASA’s dividend payout ratio is currently 19.70%.

Equinor ASA Company Profile (Get a rating)

Equinor ASA is active in the exploration, production, transportation, refining and marketing of petroleum and petroleum-derived products. It operates through the following segments: Norway Exploration and Production, International Exploration and Production, USA Exploration and Production, Marketing, Midstream and Processing, and Other.

Featured Articles

Analyst Recommendations for Equinor ASA (NYSE: EQNR)

This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in Equinor ASA right now?

Before you consider Equinor ASA, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Equinor ASA was not on the list.

Although Equinor ASA currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Share.

Comments are closed.