Analysts Set Equinor ASA (NYSE:EQNR) Price Target at $28.25

Shares of Equinor ASA (NYSE:EQNR) have been given a consensus rating of “Reduce” by the eight brokerages that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $28.25.

A number of brokerages have weighed in on EQNR. StockNews.com upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. TD Cowen began coverage on shares of Equinor ASA in a research report on Wednesday, April 24th. They set a “hold” rating and a $28.00 target price for the company. Finally, Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and increased their target price for the stock from $26.40 to $28.50 in a research report on Tuesday, February 20th.

Equinor ASA Price Performance

EQNR opened at $27.06 on Tuesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.76 and a current ratio of 1.88. The firm has a market cap of $84.48 billion, a P/E ratio of 8.38, a PEG ratio of 3.52 and a beta of 0.83. Equinor ASA has a fifty-two week low of $24.44 and a fifty-two week high of $34.73. The firm has a 50-day moving average of $27.91 and a 200 day moving average of $28.19.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Thursday, April 25th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.18. The firm had revenue of $25.14 billion during the quarter, compared to analyst estimates of $25.03 billion. Equinor ASA had a net margin of 9.30% and a return on equity of 19.67%. On average, research analysts expect that Equinor ASA will post 3.55 EPS for the current year.

Equinor ASA Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, May 28th. Stockholders of record on Thursday, May 16th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend was Wednesday, May 15th. Equinor ASA’s payout ratio is 35.29%.

Institutional Investors Weigh In On Equinor ASA

A number of institutional investors and hedge funds have recently modified their holdings of EQNR. Folketrygdfondet raised its stake in Equinor ASA by 0.9% in the fourth quarter. Folketrygdfondet now owns 107,959,982 shares of the company’s stock valued at $3,415,854,000 after purchasing an additional 917,330 shares in the last quarter. FMR LLC raised its stake in Equinor ASA by 4.5% in the third quarter. FMR LLC now owns 10,284,862 shares of the company’s stock valued at $337,241,000 after purchasing an additional 444,435 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Equinor ASA by 2,359.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,783,338 shares of the company’s stock valued at $183,354,000 after purchasing an additional 6,507,511 shares in the last quarter. Earnest Partners LLC raised its stake in Equinor ASA by 4.5% in the first quarter. Earnest Partners LLC now owns 3,865,504 shares of the company’s stock valued at $104,485,000 after purchasing an additional 166,131 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in Equinor ASA by 9.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,432,242 shares of the company’s stock valued at $108,596,000 after purchasing an additional 285,662 shares in the last quarter. 5.51% of the stock is owned by hedge funds and other institutional investors.

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.