Equinor ASA (EQNR) Scheduled to Post Quarterly Earnings on Thursday

Equinor ASA (NYSE:EQNR) will release its earnings data before the market opens on Thursday, October 24th. Analysts expect Equinor ASA to post earnings of $0.75 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.03. The firm had revenue of $25.54 billion for the quarter, compared to analysts’ expectations of $25.93 billion. Equinor ASA had a net margin of 9.11% and a return on equity of 20.65%. During the same quarter last year, the business posted $0.74 earnings per share. On average, analysts expect Equinor ASA to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Equinor ASA Stock Up 1.0 %

Shares of EQNR stock opened at $24.57 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.53 and a debt-to-equity ratio of 0.53. The stock has a market cap of $68.62 billion, a P/E ratio of 7.49, a PEG ratio of 2.22 and a beta of 0.83. Equinor ASA has a 52 week low of $23.95 and a 52 week high of $34.21. The company’s fifty day simple moving average is $25.73 and its two-hundred day simple moving average is $26.94.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 29th. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective for the company in a research report on Monday, October 14th. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, Barclays raised shares of Equinor ASA to a “hold” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, Equinor ASA has an average rating of “Hold” and a consensus price target of $26.90.

About Equinor ASA

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.