Equinor ASA (NYSE:EQNR) Announces Quarterly Earnings Results

Equinor ASA (NYSE:EQNR) released its quarterly earnings data on Wednesday. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.19), Zacks reports. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%.

Equinor ASA Stock Performance

EQNR stock traded down $1.34 during midday trading on Wednesday, reaching $23.44. The stock had a trading volume of 3,585,513 shares, compared to its average volume of 3,412,670. The firm has a fifty day simple moving average of $23.99 and a two-hundred day simple moving average of $24.88. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $29.45. 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 cap of $65.46 billion, a PE ratio of 7.18, a P/E/G ratio of 1.31 and a beta of 0.83.

Equinor ASA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 5.97%. The ex-dividend date is Friday, February 14th. Equinor ASA’s payout ratio is 35.89%.

Wall Street Analyst Weigh In

Several research firms have recently commented on EQNR. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Morgan Stanley raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $25.80 to $30.90 in a research note on Tuesday, January 7th. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Berenberg Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.45.

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.