Equinor ASA (NYSE:EQNR) Receives $39.20 Average PT from Analysts

Shares of Equinor ASA (NYSE:EQNR) have earned a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, nine have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $42.4667.

A number of analysts have recently issued reports on the company. Weiss Ratings raised Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a research note on Thursday, July 23rd. Zacks Research downgraded Equinor ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 25th. Bank of America upgraded Equinor ASA from a “neutral” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Friday. Royal Bank Of Canada raised shares of Equinor ASA from an “underperform” rating to a “sector perform” rating in a research note on Thursday, July 23rd. Finally, TD Cowen increased their price target on Equinor ASA from $37.00 to $38.00 and gave the company a “hold” rating in a report on Friday, July 24th.

Institutional Trading of Equinor ASA

Several hedge funds have recently modified their holdings of EQNR. Inspire Investing LLC boosted its position in shares of Equinor ASA by 4.5% during the 1st quarter. Inspire Investing LLC now owns 11,657 shares of the company’s stock worth $492,000 after acquiring an additional 503 shares in the last quarter. Assetmark Inc. boosted its stake in shares of Equinor ASA by 130.2% during the 1st quarter. Assetmark Inc. now owns 1,036 shares of the company’s stock worth $44,000 after acquiring an additional 586 shares in the last quarter. Independent Advisor Alliance grew its holdings in Equinor ASA by 3.4% in the fourth quarter. Independent Advisor Alliance now owns 21,468 shares of the company’s stock valued at $507,000 after purchasing an additional 701 shares during the last quarter. Corient Private Wealth LLC raised its position in Equinor ASA by 1.5% during the fourth quarter. Corient Private Wealth LLC now owns 50,157 shares of the company’s stock worth $1,185,000 after acquiring an additional 723 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC purchased a new stake in shares of Equinor ASA in the first quarter valued at $35,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Stock Down 0.6%

EQNR opened at $44.06 on Monday. Equinor ASA has a twelve month low of $22.26 and a twelve month high of $45.84. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average price of $41.11 and a 200 day moving average price of $38.29. The company has a market cap of $105.34 billion, a PE ratio of 12.01, a price-to-earnings-growth ratio of 2.11 and a beta of 0.03.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.06). Equinor ASA had a return on equity of 23.60% and a net margin of 7.92%.The firm had revenue of $34.02 billion during the quarter, compared to analyst estimates of $34.03 billion. Sell-side analysts expect that Equinor ASA will post 5.22 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.5%. The ex-dividend date is Monday, November 16th. Equinor ASA’s dividend payout ratio is currently 34.88%.

Equinor ASA Company Profile

Equinor ASA is a Norwegian energy company engaged primarily in the exploration, development, production and marketing of oil and natural gas. The company also supplies crude oil, natural gas, refined petroleum products and electricity, and participates in energy trading and related activities.

Equinor has expanded beyond its traditional petroleum business into lower-carbon energy, including offshore wind, carbon capture and storage, and hydrogen-related projects. Its operations and partnerships span several regions, with significant activities on the Norwegian continental shelf as well as projects in Europe, North America, South America and other international markets.

The company was established in 1972 as Den norske stats oljeselskap, commonly known as Statoil, and adopted the name Equinor in 2018 to reflect its broader energy strategy.