Equinor ASA (NYSE:EQNR) Given “Sector Perform” Rating at Royal Bank of Canada

Equinor ASA (NYSE:EQNR)‘s stock had its “sector perform” rating restated by equities researchers at Royal Bank of Canada in a note issued to investors on Thursday,Benzinga reports.

EQNR has been the topic of several other reports. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. DZ Bank raised Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday. Danske raised Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday. Nordea Equity Research raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, Pareto Securities raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Equinor ASA presently has an average rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA Trading Down 1.8 %

Shares of NYSE:EQNR traded down $0.43 on Thursday, reaching $23.03. 6,872,117 shares of the company traded hands, compared to its average volume of 3,794,214. The business’s 50-day simple moving average is $23.97 and its 200 day simple moving average is $24.87. Equinor ASA has a 52 week low of $21.85 and a 52 week high of $29.32. The stock has a market capitalization of $64.30 billion, a P/E ratio of 7.07, a price-to-earnings-growth ratio of 1.31 and a beta of 0.83. 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 announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. As a group, equities analysts anticipate that Equinor ASA will post 3.28 EPS for the current fiscal year.

Institutional Investors Weigh In On Equinor ASA

A number of hedge funds have recently modified their holdings of EQNR. Van ECK Associates Corp lifted its stake in Equinor ASA by 3.1% in the 4th quarter. Van ECK Associates Corp now owns 16,288 shares of the company’s stock worth $386,000 after purchasing an additional 487 shares in the last quarter. Jones Financial Companies Lllp raised its position in Equinor ASA by 10.8% in the 4th quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company’s stock worth $123,000 after purchasing an additional 505 shares during the period. Allspring Global Investments Holdings LLC raised its position in Equinor ASA by 12.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock worth $122,000 after purchasing an additional 543 shares during the period. Ipswich Investment Management Co. Inc. raised its position in Equinor ASA by 1.2% in the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 81,200 shares of the company’s stock worth $2,057,000 after purchasing an additional 1,000 shares during the period. Finally, Truist Financial Corp grew its stake in Equinor ASA by 9.2% in the 2nd quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock worth $397,000 after acquiring an additional 1,167 shares in the last quarter. 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.