Equinor ASA (NYSE:EQNR) Issues Earnings Results

Equinor ASA (NYSE:EQNR) issued its quarterly earnings results on Wednesday. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.19), Zacks reports. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%.

Equinor ASA Price Performance

Shares of EQNR stock traded down $0.92 during trading hours on Wednesday, reaching $23.86. The stock had a trading volume of 2,988,646 shares, compared to its average volume of 3,382,446. The stock’s fifty day simple moving average is $23.99 and its 200 day simple moving average is $24.88. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $66.63 billion, a PE ratio of 7.32, a PEG ratio of 1.31 and a beta of 0.83. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $29.45.

Equinor ASA Dividend Announcement

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 5.87%. The ex-dividend date is Friday, February 14th. Equinor ASA’s payout ratio is 35.89%.

Wall Street Analyst Weigh In

EQNR has been the topic of a number of research reports. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Berenberg Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. StockNews.com upgraded Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 29th. Finally, Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.45.

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.