Equinor ASA (NYSE:EQNR) Raised to Buy at Redburn Atlantic

Equinor ASA (NYSE:EQNR) was upgraded by equities researchers at Redburn Atlantic from a “neutral” rating to a “buy” rating in a research report issued on Wednesday,Briefing.com Automated Import reports.

Several other research firms also recently commented on EQNR. StockNews.com upgraded Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Barclays upgraded Equinor ASA to a “hold” rating in a research report on Wednesday, October 2nd. Citigroup upgraded Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Finally, Morgan Stanley upgraded 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. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.90.

Equinor ASA Trading Up 0.7 %

Shares of EQNR opened at $23.69 on Wednesday. Equinor ASA has a 1-year low of $22.15 and a 1-year high of $33.24. The company has a market capitalization of $66.16 billion, a P/E ratio of 7.27, a P/E/G ratio of 5.21 and a beta of 0.84. 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 firm’s 50 day simple moving average is $24.59 and its 200 day simple moving average is $26.41.

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

Institutional Investors Weigh In On Equinor ASA

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets grew its holdings in Equinor ASA by 149.3% during the 1st quarter. BNP Paribas Financial Markets now owns 3,169 shares of the company’s stock valued at $86,000 after buying an additional 1,898 shares in the last quarter. Blair William & Co. IL grew its stake in Equinor ASA by 21.1% during the first quarter. Blair William & Co. IL now owns 13,360 shares of the company’s stock valued at $361,000 after acquiring an additional 2,325 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in Equinor ASA by 5.3% in the 1st quarter. Orion Portfolio Solutions LLC now owns 33,542 shares of the company’s stock valued at $907,000 after acquiring an additional 1,685 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Equinor ASA by 90.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 44,592 shares of the company’s stock worth $1,205,000 after purchasing an additional 21,130 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Equinor ASA by 12.5% during the 1st quarter. Advisors Asset Management Inc. now owns 85,773 shares of the company’s stock valued at $2,318,000 after purchasing an additional 9,516 shares during the last quarter. 5.51% of the stock is owned by institutional investors.

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.