Equinor ASA (NYSE:EQNR) Upgraded to Buy at Nordea Equity Research

Equinor ASA (NYSE:EQNR) was upgraded by equities researchers at Nordea Equity Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports.

Several other research analysts also recently commented on the company. StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday. Berenberg Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Morgan Stanley upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $25.80 to $30.90 in a report on Tuesday, January 7th. Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Finally, Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Equinor ASA currently has an average rating of “Moderate Buy” and a consensus target price of $29.45.

Equinor ASA Trading Up 1.7 %

Shares of EQNR opened at $23.85 on Thursday. The firm’s 50 day simple moving average is $23.97 and its 200 day simple moving average is $24.87. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The company has a market capitalization of $66.61 billion, a P/E ratio of 7.32, a P/E/G ratio of 1.31 and a beta of 0.83.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. Sell-side analysts forecast that Equinor ASA will post 3.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equinor ASA

A number of large investors have recently modified their holdings of EQNR. Reston Wealth Management LLC bought a new stake in shares of Equinor ASA during the third quarter valued at approximately $31,000. Manchester Capital Management LLC bought a new position in shares of Equinor ASA during the fourth quarter valued at $33,000. Synergy Asset Management LLC bought a new position in Equinor ASA during the fourth quarter valued at approximately $36,000. R Squared Ltd bought a new position in Equinor ASA during the fourth quarter valued at approximately $48,000. Finally, Bruce G. Allen Investments LLC lifted its position in Equinor ASA by 363.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after purchasing an additional 1,512 shares during the period. 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.