Equinor ASA (NYSE:EQNR) Upgraded at StockNews.com

StockNews.com upgraded shares of Equinor ASA (NYSE:EQNR) from a buy rating to a strong-buy rating in a report released on Friday.

Other research analysts also recently issued reports about the stock. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective for the company in a report on Monday, October 14th. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Finally, Citigroup upgraded Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $26.90.

Equinor ASA Stock Down 0.8 %

Shares of NYSE EQNR opened at $24.18 on Friday. The firm has a market cap of $67.53 billion, a price-to-earnings ratio of 7.42, a PEG ratio of 5.26 and a beta of 0.84. Equinor ASA has a 1 year low of $22.15 and a 1 year high of $32.66. 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 stock’s 50-day simple moving average is $24.50 and its 200-day simple moving average is $26.19.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mediolanum International Funds Ltd bought a new stake in shares of Equinor ASA during the third quarter valued at approximately $6,203,000. Manning & Napier Advisors LLC acquired a new position in Equinor ASA during the 2nd quarter worth $5,271,000. Commonwealth Equity Services LLC boosted its position in Equinor ASA by 1,334.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 176,993 shares of the company’s stock worth $5,055,000 after acquiring an additional 164,658 shares during the period. Summit Global Investments grew its stake in shares of Equinor ASA by 290.0% in the second quarter. Summit Global Investments now owns 199,823 shares of the company’s stock worth $5,707,000 after purchasing an additional 148,580 shares in the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Equinor ASA during the third quarter valued at $3,685,000. Institutional investors and hedge funds 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.