Equinor ASA (NYSE:EQNR) Upgraded at StockNews.com

StockNews.com upgraded shares of Equinor ASA (NYSE:EQNR) from a buy rating to a strong-buy rating in a research report sent to investors on Wednesday morning.

Several other brokerages also recently issued reports on EQNR. JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Morgan Stanley upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $25.80 to $30.90 in a research note on Tuesday, January 7th. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Berenberg Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.45.

Equinor ASA Trading Up 1.4 %

NYSE:EQNR opened at $23.91 on Wednesday. The firm has a market capitalization of $66.76 billion, a P/E ratio of 7.33, a P/E/G ratio of 1.19 and a beta of 0.84. The business has a 50 day simple moving average of $24.03 and a 200 day simple moving average of $24.98. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. Equinor ASA has a 12-month low of $21.85 and a 12-month high of $29.49.

Equinor ASA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.35 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.40 annualized dividend and a dividend yield of 5.86%. Equinor ASA’s dividend payout ratio (DPR) is 35.89%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Reston Wealth Management LLC acquired a new stake in shares of Equinor ASA during the 3rd quarter valued at $31,000. Synergy Asset Management LLC acquired a new position in shares of Equinor ASA in the 4th quarter valued at $36,000. Bruce G. Allen Investments LLC increased its stake in Equinor ASA by 363.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock worth $49,000 after purchasing an additional 1,512 shares in the last quarter. R Squared Ltd purchased a new position in Equinor ASA in the 4th quarter worth about $48,000. Finally, Brooklyn Investment Group acquired a new stake in Equinor ASA during the 4th quarter worth about $61,000. 5.51% of the stock is owned by institutional investors and hedge funds.

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.