Equinor ASA (NYSE:EQNR) Short Interest Update

Equinor ASA (NYSE:EQNR) was the target of a large growth in short interest in the month of October. As of October 31st, there was short interest totalling 10,760,000 shares, a growth of 6.5% from the October 15th total of 10,100,000 shares. Approximately 0.4% of the company’s stock are short sold. Based on an average daily volume of 3,540,000 shares, the short-interest ratio is currently 3.0 days.

Equinor ASA Stock Performance

EQNR stock traded up $0.20 during trading on Tuesday, reaching $23.72. The company had a trading volume of 2,422,573 shares, compared to its average volume of 3,405,876. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. Equinor ASA has a twelve month low of $22.15 and a twelve month high of $33.24. The firm has a 50-day simple moving average of $24.60 and a 200-day simple moving average of $26.44. The company has a market cap of $66.24 billion, a price-to-earnings ratio of 7.27, a price-to-earnings-growth ratio of 5.21 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The business had revenue of $25.45 billion during the quarter, compared to analysts’ expectations of $24.45 billion. During the same period in the previous year, the business posted $0.92 EPS. As a group, sell-side analysts expect that Equinor ASA will post 3.31 earnings per share for the current year.

Institutional Trading of Equinor ASA

Several institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC increased its holdings in shares of Equinor ASA by 27.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after purchasing an additional 365 shares in the last quarter. Crossmark Global Holdings Inc. increased its holdings in shares of Equinor ASA by 0.7% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 56,658 shares of the company’s stock valued at $1,618,000 after purchasing an additional 402 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Equinor ASA by 2.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company’s stock valued at $480,000 after purchasing an additional 440 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Equinor ASA by 12.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock valued at $122,000 after purchasing an additional 543 shares in the last quarter. Finally, Profund Advisors LLC increased its holdings in shares of Equinor ASA by 3.0% during the 2nd quarter. Profund Advisors LLC now owns 19,260 shares of the company’s stock valued at $550,000 after purchasing an additional 559 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on EQNR shares. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. StockNews.com raised shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Barclays raised shares of Equinor ASA to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective on the stock in a research report on Monday, October 14th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Equinor ASA currently has a consensus rating of “Hold” and an average price target of $26.90.

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.