Equinor ASA (NYSE:EQNR) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Equinor ASA (NYSE:EQNR) have been assigned a consensus rating of “Moderate Buy” from the fifteen brokerages that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, nine have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $28.10.

Several equities research analysts have recently commented on the company. Hsbc Global Res raised Equinor ASA to a “strong-buy” rating in a research note on Monday, February 10th. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. DZ Bank raised Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. StockNews.com lowered Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 14th. Finally, Pareto Securities upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp grew its stake in shares of Equinor ASA by 3.1% during the 4th quarter. Van ECK Associates Corp now owns 16,288 shares of the company’s stock valued at $386,000 after buying an additional 487 shares during the period. Jones Financial Companies Lllp grew its stake in shares of Equinor ASA by 10.8% during the 4th quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company’s stock valued at $123,000 after buying an additional 505 shares during the period. Gallacher Capital Management LLC grew its stake in shares of Equinor ASA by 2.7% during the 4th quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company’s stock valued at $464,000 after buying an additional 518 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Equinor ASA by 10.6% during the 4th quarter. Farther Finance Advisors LLC now owns 6,173 shares of the company’s stock valued at $146,000 after buying an additional 593 shares during the period. Finally, GeoWealth Management LLC grew its stake in shares of Equinor ASA by 254.5% during the 4th quarter. GeoWealth Management LLC now owns 1,372 shares of the company’s stock valued at $33,000 after buying an additional 985 shares during the period. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Price Performance

Shares of EQNR opened at $24.72 on Thursday. Equinor ASA has a twelve month low of $21.85 and a twelve month high of $29.32. The stock’s 50 day moving average is $23.92 and its two-hundred day moving average is $24.18. The firm has a market capitalization of $69.02 billion, a PE ratio of 7.95, a P/E/G ratio of 0.58 and a beta of 0.79. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data 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 8.49% and a return on equity of 20.33%. Research analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current year.

Equinor ASA Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a $0.35 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 5.66%. Equinor ASA’s dividend payout ratio (DPR) is presently 37.30%.

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.