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


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.

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Analyst Recommendations for Equinor ASA (NYSE: EQNR)

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