Equinor ASA (NYSE:EQNR) Stock Rating Upgraded by Redburn Atlantic

Equinor ASA (NYSE:EQNR) was upgraded by Redburn Atlantic from a “neutral” rating to a “buy” rating in a note issued to investors on Wednesday,Briefing.com Automated Import reports.

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

Equinor ASA Stock Performance

NYSE:EQNR opened at $23.69 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. Equinor ASA has a twelve month low of $22.15 and a twelve month high of $33.24. The company has a fifty day moving average of $24.59 and a 200-day moving average of $26.41. The firm has a market capitalization of $66.16 billion, a P/E ratio of 7.27, a P/E/G ratio of 5.21 and a beta of 0.84.

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

Institutional Investors Weigh In On Equinor ASA

A number of hedge funds and other institutional investors have recently bought and sold shares of EQNR. EverSource Wealth Advisors LLC raised its stake 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 during the period. Crossmark Global Holdings Inc. grew its holdings in 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 buying an additional 402 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Equinor ASA by 2.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company’s stock valued at $480,000 after buying an additional 440 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Equinor ASA by 12.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock worth $122,000 after buying an additional 543 shares in the last quarter. Finally, Profund Advisors LLC boosted its position in shares of Equinor ASA by 3.0% in the second quarter. Profund Advisors LLC now owns 19,260 shares of the company’s stock valued at $550,000 after acquiring an additional 559 shares during the period. Institutional investors own 5.51% of the company’s stock.

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.