Equinor ASA (NYSE:EQNR) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of Equinor ASA (NYSE:EQNR) to a strong-buy rating in a research note issued to investors on Monday morning,Zacks.com reports.

A number of other brokerages have also weighed in on EQNR. StockNews.com lowered Equinor ASA from a “strong-buy” 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 note on Wednesday, November 27th. DZ Bank raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. Finally, Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $29.45.

Equinor ASA Trading Down 5.7 %

EQNR stock opened at $23.26 on Monday. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $29.32. The firm’s 50-day moving average is $23.93 and its 200 day moving average is $24.78. The company has a market capitalization of $64.96 billion, a PE ratio of 7.48, a P/E/G ratio of 1.27 and a beta of 0.83. 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 (NYSE:EQNR) last issued its earnings results 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%. On average, research analysts anticipate that Equinor ASA will post 3.38 EPS for the current year.

Equinor ASA Announces Dividend

The company also recently declared 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. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend is Friday, February 14th. Equinor ASA’s dividend payout ratio is currently 37.62%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Reston Wealth Management LLC purchased a new position in Equinor ASA in the third quarter worth $31,000. Manchester Capital Management LLC purchased a new stake in shares of Equinor ASA during the 4th quarter valued at $33,000. Synergy Asset Management LLC acquired a new stake in shares of Equinor ASA in the 4th quarter worth $36,000. R Squared Ltd purchased a new position in Equinor ASA during the 4th quarter worth $48,000. Finally, Brooklyn Investment Group acquired a new position in Equinor ASA during the 4th quarter valued at about $61,000. Institutional investors own 5.51% of the company’s stock.

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.