Equinor ASA (NYSE:EQNR) Upgraded at Hsbc Global Res

Hsbc Global Res upgraded shares of Equinor ASA (NYSE:EQNR) to a strong-buy rating in a research note released on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on the company. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. DZ Bank raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Finally, StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $29.45.

Equinor ASA Price Performance

EQNR opened at $23.26 on Monday. 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 $64.96 billion, a price-to-earnings ratio of 7.48, a P/E/G ratio of 1.27 and a beta of 0.83. The firm’s fifty day moving average price is $23.93 and its two-hundred day moving average price is $24.78.

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 the consensus estimate of $0.82 by ($0.19). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. As a group, analysts anticipate that Equinor ASA will post 3.38 earnings per share for the current fiscal year.

Equinor ASA Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be paid a $0.35 dividend. The ex-dividend date is Friday, February 14th. This represents a $1.40 annualized dividend and a dividend yield of 6.02%. Equinor ASA’s payout ratio is 37.62%.

Institutional Trading of Equinor ASA

Hedge funds and other institutional investors have recently modified their holdings of the business. Truist Financial Corp raised its holdings in Equinor ASA by 9.2% during the 2nd quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock valued at $397,000 after acquiring an additional 1,167 shares during the period. Creative Planning raised its stake in shares of Equinor ASA by 22.2% during the 3rd quarter. Creative Planning now owns 67,058 shares of the company’s stock valued at $1,699,000 after purchasing an additional 12,170 shares during the period. Inspire Advisors LLC lifted its holdings in Equinor ASA by 7.9% during the 3rd quarter. Inspire Advisors LLC now owns 21,154 shares of the company’s stock worth $536,000 after purchasing an additional 1,552 shares in the last quarter. Blue Trust Inc. lifted its holdings in Equinor ASA by 182.0% during the 3rd quarter. Blue Trust Inc. now owns 30,826 shares of the company’s stock worth $781,000 after purchasing an additional 19,894 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its stake in Equinor ASA by 12.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock worth $122,000 after purchasing an additional 543 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.