Equinor ASA (NYSE:EQNR) Short Interest Update

Equinor ASA (NYSE:EQNR) saw a large increase in short interest in October. As of October 31st, there was short interest totalling 10,760,000 shares, an increase of 6.5% from the October 15th total of 10,100,000 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average trading volume of 3,540,000 shares, the days-to-cover ratio is presently 3.0 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Cetera Investment Advisers lifted its position in Equinor ASA by 52.7% in the second quarter. Cetera Investment Advisers now owns 69,718 shares of the company’s stock valued at $1,991,000 after buying an additional 24,052 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Equinor ASA in the third quarter valued at about $1,933,000. Milestone Asset Management LLC acquired a new position in Equinor ASA in the second quarter valued at about $794,000. Truist Financial Corp lifted its position in Equinor ASA by 9.2% in the second quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock valued at $397,000 after buying an additional 1,167 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in Equinor ASA in the third quarter valued at about $2,509,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on EQNR shares. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target for the company in a report on Monday, October 14th. Barclays raised shares of Equinor ASA to a “hold” rating in a report on Wednesday, October 2nd. StockNews.com raised shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.90.

Equinor ASA Trading Up 0.9 %

Shares of EQNR stock traded up $0.20 on Tuesday, hitting $23.72. 2,422,573 shares of the stock traded hands, compared to its average volume of 3,405,876. The firm’s 50-day moving average price is $24.60 and its two-hundred day moving average price is $26.44. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. The stock has a market capitalization of $66.24 billion, a PE ratio of 7.27, a PEG ratio of 5.21 and a beta of 0.84. Equinor ASA has a twelve month low of $22.15 and a twelve month high of $33.24.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.05. The firm had revenue of $25.45 billion for the quarter, compared to analysts’ expectations of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same quarter in the previous year, the company posted $0.92 EPS. As a group, analysts anticipate that Equinor ASA will post 3.31 EPS for the current year.

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.