Equinor ASA (NYSE:EQNR) Upgraded to Buy at HSBC

Equinor ASA (NYSE:EQNR) was upgraded by research analysts at HSBC from a “hold” rating to a “buy” rating in a report issued on Monday,Briefing.com Automated Import reports.

A number of other research analysts have also commented on EQNR. DZ Bank upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday. Nordea Equity Research upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Danske upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Pareto Securities upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Equinor ASA currently has an average rating of “Moderate Buy” and an average price target of $29.45.

Equinor ASA Price Performance

NYSE EQNR traded up $0.88 during trading hours on Monday, reaching $24.43. 6,832,359 shares of the company’s stock were exchanged, compared to its average volume of 4,203,623. The stock has a market cap of $68.21 billion, a PE ratio of 7.85, a price-to-earnings-growth ratio of 1.27 and a beta of 0.83. Equinor ASA has a one year low of $21.85 and a one year high of $29.32. The firm has a fifty day moving average of $23.93 and a 200-day moving average of $24.81. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. On average, equities research analysts predict that Equinor ASA will post 3.38 earnings per share for the current fiscal year.

Institutional Trading of Equinor ASA

Several hedge funds have recently added to or reduced their stakes in the business. Reston Wealth Management LLC acquired a new stake in shares of Equinor ASA in the 3rd quarter valued at about $31,000. Manchester Capital Management LLC acquired a new stake in shares of Equinor ASA in the 4th quarter valued at about $33,000. Synergy Asset Management LLC acquired a new stake in shares of Equinor ASA in the 4th quarter valued at about $36,000. R Squared Ltd acquired a new stake in shares of Equinor ASA in the 4th quarter valued at about $48,000. Finally, Brooklyn Investment Group acquired a new stake in shares of Equinor ASA in the 4th quarter valued at about $61,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

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.