Equinor ASA (NYSE:EQNR) Rating Lowered to “Buy” at StockNews.com

Equinor ASA (NYSE:EQNRGet Free Report) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

EQNR has been the topic of several other research reports. HSBC raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, February 10th. DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Berenberg Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Equinor ASA in a report on Thursday, February 6th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.45.

Get Our Latest Research Report on Equinor ASA

Equinor ASA Stock Performance

NYSE:EQNR opened at $23.11 on Friday. The firm’s fifty day simple moving average is $23.91 and its 200-day simple moving average is $24.75. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The stock has a market cap of $64.53 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 1.27 and a beta of 0.83. Equinor ASA has a fifty-two week low of $21.85 and a fifty-two week high of $29.32.

Equinor ASA (NYSE:EQNRGet Free Report) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. Analysts expect that Equinor ASA will post 3.38 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Equinor ASA

Hedge funds and other institutional investors have recently modified their holdings of the company. Van ECK Associates Corp lifted its position in Equinor ASA by 3.1% during the fourth quarter. Van ECK Associates Corp now owns 16,288 shares of the company’s stock valued at $386,000 after buying an additional 487 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Equinor ASA by 10.8% in the 4th quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company’s stock valued at $123,000 after acquiring an additional 505 shares during the period. Gallacher Capital Management LLC lifted its holdings in shares of Equinor ASA by 2.7% during the 4th quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company’s stock valued at $464,000 after acquiring an additional 518 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in Equinor ASA by 12.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock worth $122,000 after purchasing an additional 543 shares during the period. Finally, Farther Finance Advisors LLC increased its holdings in Equinor ASA by 10.6% in the 4th quarter. Farther Finance Advisors LLC now owns 6,173 shares of the company’s stock valued at $146,000 after purchasing an additional 593 shares in the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

About Equinor ASA

(Get Free Report)

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.

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Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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