Equinor ASA (NYSE:EQNR) Receives $29.45 Average PT from Brokerages

Equinor ASA (NYSE:EQNR) has received an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $28.10.

A number of equities analysts have weighed in on EQNR shares. Nordea Equity Research raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Royal Bank of Canada reissued a “sector perform” rating on shares of Equinor ASA in a research report on Thursday, February 6th. Danske raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Finally, DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th.

Equinor ASA Stock Up 1.7 %

Shares of Equinor ASA stock opened at $24.72 on Thursday. The company has a fifty day moving average price of $23.92 and a 200 day moving average price of $24.18. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. Equinor ASA has a twelve month low of $21.85 and a twelve month high of $29.32. The stock has a market cap of $69.02 billion, a price-to-earnings ratio of 7.95, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share 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%. Equities research analysts forecast that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.66%. Equinor ASA’s dividend payout ratio (DPR) is presently 37.30%.

Institutional Investors Weigh In On Equinor ASA

A number of hedge funds have recently made changes to their positions in EQNR. Manchester Capital Management LLC acquired a new position in shares of Equinor ASA during the fourth quarter valued at approximately $33,000. GeoWealth Management LLC increased its stake in shares of Equinor ASA by 254.5% during the fourth quarter. GeoWealth Management LLC now owns 1,372 shares of the company’s stock valued at $33,000 after acquiring an additional 985 shares during the period. Synergy Asset Management LLC acquired a new position in shares of Equinor ASA during the fourth quarter valued at approximately $36,000. R Squared Ltd acquired a new position in shares of Equinor ASA during the fourth quarter valued at approximately $48,000. Finally, Bessemer Group Inc. grew its position in Equinor ASA by 1,009.8% in the fourth quarter. Bessemer Group Inc. now owns 2,497 shares of the company’s stock worth $60,000 after buying an additional 2,272 shares during 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.