Equinor ASA (NYSE:EQNR – Get Rating) was upgraded by equities research analysts at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research note issued on Friday, The Fly reports.
EQNR has been the topic of several other research reports. SEB Equities upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating and set a $42.02 price objective on the stock in a research note on Friday, April 1st. Barclays upped their target price on shares of Equinor ASA from 340.00 to 400.00 in a research report on Thursday, May 5th. DNB Markets upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Wednesday, May 18th. StockNews.com cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Saturday, May 7th. Finally, Morgan Stanley upped their target price on shares of Equinor ASA from 280.00 to 287.00 in a research report on Wednesday, May 11th. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $181.94.
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Shares of EQNR stock opened at $34.42 on Friday. Equinor ASA has a 12 month low of $18.44 and a 12 month high of $39.15. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.51 and a quick ratio of 1.44. The firm has a market capitalization of $111.74 billion, a P/E ratio of 9.75, a P/E/G ratio of 0.13 and a beta of 1.00. The company’s fifty day moving average price is $35.96 and its two-hundred day moving average price is $32.23.
Equinor ASA (NYSE:EQNR – Get Rating) last issued its earnings results on Wednesday, May 4th. The company reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.57 by $0.03. The business had revenue of $36.05 billion for the quarter. Equinor ASA had a net margin of 10.44% and a return on equity of 35.64%. On average, sell-side analysts anticipate that Equinor ASA will post 5.56 EPS for the current year.
A number of hedge funds have recently added to or reduced their stakes in EQNR. Quadrant Capital Group LLC increased its stake in shares of Equinor ASA by 4.1% during the 1st quarter. Quadrant Capital Group LLC now owns 8,455 shares of the company’s stock worth $317,000 after purchasing an additional 334 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in Equinor ASA by 4.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 8,694 shares of the company’s stock valued at $229,000 after buying an additional 365 shares during the last quarter. Cetera Advisor Networks LLC grew its stake in Equinor ASA by 1.5% in the 3rd quarter. Cetera Advisor Networks LLC now owns 33,380 shares of the company’s stock valued at $851,000 after buying an additional 484 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its stake in Equinor ASA by 2.2% in the 4th quarter. Dorsey & Whitney Trust CO LLC now owns 22,207 shares of the company’s stock valued at $585,000 after buying an additional 488 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. grew its stake in Equinor ASA by 0.9% in the 1st quarter. Ipswich Investment Management Co. Inc. now owns 65,934 shares of the company’s stock valued at $2,473,000 after buying an additional 600 shares during the last quarter. Institutional investors own 5.66% of the company’s stock.
About Equinor ASA (Get Rating)
Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, 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.
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