Equinor ASA (NYSE:EQNR) Receives Consensus Rating of “Reduce” from Analysts

Equinor ASA (NYSE:EQNR) has been assigned an average recommendation of “Reduce” from the nine brokerages that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $26.90.

EQNR has been the subject of several recent research reports. Barclays upgraded Equinor ASA to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 8th. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price for the company in a research note on Monday, October 14th. Citigroup upgraded Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, StockNews.com upgraded Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th.

Institutional Investors Weigh In On Equinor ASA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in EQNR. Atwood & Palmer Inc. purchased a new stake in Equinor ASA in the second quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new stake in Equinor ASA in the third quarter valued at approximately $31,000. Rothschild Investment LLC purchased a new stake in Equinor ASA in the second quarter valued at approximately $32,000. EverSource Wealth Advisors LLC lifted its stake in Equinor ASA by 27.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after buying an additional 365 shares during the last quarter. Finally, Bruce G. Allen Investments LLC lifted its stake in Equinor ASA by 363.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after buying an additional 1,512 shares during the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Performance

Shares of EQNR opened at $23.68 on Friday. The stock has a 50-day simple moving average of $24.67 and a 200-day simple moving average of $26.50. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. The stock has a market capitalization of $66.13 billion, a PE ratio of 7.26, a PEG ratio of 4.93 and a beta of 0.84. Equinor ASA has a 1 year low of $22.15 and a 1 year high of $33.24.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. The business had revenue of $25.45 billion during the quarter, compared to analysts’ expectations of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same quarter last year, the business posted $0.92 EPS. On average, analysts predict that Equinor ASA will post 3.31 earnings per share for the current fiscal year.

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.