Equinor ASA (NYSE:EQNR) Rating Increased to Buy at Nordea Equity Research

Equinor ASA (NYSE:EQNR) was upgraded by equities researchers at Nordea Equity Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports.

A number of other brokerages also recently issued reports on EQNR. Berenberg Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. upgraded Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Finally, StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, two have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $29.45.

Equinor ASA Trading Up 1.7 %

EQNR stock opened at $23.85 on Thursday. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.32. The business has a 50 day simple moving average of $23.97 and a two-hundred day simple moving average of $24.87. 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 $66.61 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 1.31 and a beta of 0.83.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. Research analysts anticipate that Equinor ASA will post 3.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Equinor ASA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EQNR. Reston Wealth Management LLC acquired a new position in shares of Equinor ASA in the third quarter valued at about $31,000. Manchester Capital Management LLC purchased a new stake in Equinor ASA in the fourth quarter valued at approximately $33,000. Synergy Asset Management LLC purchased a new stake in Equinor ASA in the fourth quarter valued at approximately $36,000. R Squared Ltd purchased a new stake in Equinor ASA in the fourth quarter valued at approximately $48,000. Finally, Bruce G. Allen Investments LLC boosted its position in Equinor ASA by 363.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after buying an additional 1,512 shares during the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

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.