Equinor ASA (NYSE:EQNR – Get Rating) had its price target increased by research analysts at Societe Generale from 345.00 to 360.00 in a research report issued to clients and investors on Tuesday, The Fly reports.
Several other equities analysts have also weighed in on the stock. Morgan Stanley increased their price objective on shares of Equinor ASA from 287.00 to 304.00 and gave the company an “underweight” rating in a research report on Wednesday, August 17th. StockNews.com initiated coverage on shares of Equinor ASA in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. JPMorgan Chase & Co. raised their price target on shares of Equinor ASA from 350.00 to 380.00 in a research report on Friday, July 15th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Equinor ASA from 354.00 to 376.00 and gave the stock a “hold” rating in a research report on Monday. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, Equinor ASA presently has a consensus rating of “Hold” and an average target price of $284.22.
Equinor ASA Price Performance
Shares of EQNR stock opened at $36.28 on Tuesday. Equinor ASA has a 1 year low of $24.17 and a 1 year high of $42.53. The firm’s 50 day moving average is $35.86 and its 200-day moving average is $35.65. The firm has a market capitalization of $117.77 billion, a price-to-earnings ratio of 4.79, a PEG ratio of 1.00 and a beta of 1.02. The company has a current ratio of 1.60, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64.
Institutional Investors Weigh In On Equinor ASA
Several institutional investors have recently added to or reduced their stakes in EQNR. Ipswich Investment Management Co. Inc. increased its position in shares of Equinor ASA by 0.9% in the first quarter. Ipswich Investment Management Co. Inc. now owns 65,934 shares of the company’s stock worth $2,473,000 after purchasing an additional 600 shares during the last quarter. Fifth Third Bancorp increased its position in shares of Equinor ASA by 4.2% in the first quarter. Fifth Third Bancorp now owns 23,722 shares of the company’s stock worth $890,000 after purchasing an additional 950 shares during the last quarter. CWM LLC increased its position in shares of Equinor ASA by 118.1% in the first quarter. CWM LLC now owns 1,529 shares of the company’s stock worth $57,000 after purchasing an additional 828 shares during the last quarter. Truist Financial Corp grew its position in Equinor ASA by 3.4% during the first quarter. Truist Financial Corp now owns 25,102 shares of the company’s stock valued at $942,000 after acquiring an additional 825 shares during the last quarter. Finally, Livingston Group Asset Management CO operating as Southport Capital Management bought a new position in Equinor ASA during the first quarter valued at approximately $3,698,000. 5.41% of the stock is owned by hedge funds and other institutional investors.
Equinor ASA Company Profile
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.
Further Reading
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