Equinor ASA (NYSE:EQNR) Posts Quarterly Earnings Results

Equinor ASA (NYSE:EQNR) posted its quarterly earnings results on Wednesday. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19), Zacks reports. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%.

Equinor ASA Price Performance

Shares of Equinor ASA stock traded down $0.92 on Wednesday, reaching $23.86. 2,988,646 shares of the stock were exchanged, compared to its average volume of 3,382,446. 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 firm has a market cap of $66.63 billion, a PE ratio of 7.32, a P/E/G ratio of 1.31 and a beta of 0.83. The firm’s 50 day moving average is $23.99 and its 200-day moving average is $24.88. Equinor ASA has a one year low of $21.85 and a one year high of $29.45.

Equinor ASA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 5.87%. The ex-dividend date of this dividend is Friday, February 14th. Equinor ASA’s dividend payout ratio is currently 35.89%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. upgraded shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, Morgan Stanley upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $25.80 to $30.90 in a report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $29.45.

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.