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.
This guide will help you identify and execute an options trading strategy that fits your specific needs and risk profile.
Take your trading to the next level with the Options Strategy Guide.
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Should you invest $1,000 in Equinor ASA right now?
Before you consider Equinor ASA, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Equinor ASA wasn’t on the list.
While Equinor ASA currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Source: marketbeat.com
