Equinor ASA (NYSE:EQNR) Stock Rating Upgraded by StockNews.com

Equinor ASA (NYSE:EQNR) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Wednesday.

EQNR has been the subject of several other research reports. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. Morgan Stanley upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $25.80 to $30.90 in a research note on Tuesday, January 7th. Citigroup raised Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Equinor ASA currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.45.

Equinor ASA Stock Up 0.6 %

EQNR stock opened at $24.05 on Wednesday. The firm has a market capitalization of $67.15 billion, a PE ratio of 7.38, a P/E/G ratio of 1.19 and a beta of 0.84. The company has a quick ratio of 1.38, a current ratio of 1.48 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 $29.45. The stock’s 50 day moving average is $24.01 and its 200-day moving average is $24.97.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Reston Wealth Management LLC bought a new position in shares of Equinor ASA in the third quarter worth $31,000. Manchester Capital Management LLC bought a new position in Equinor ASA in the 4th quarter worth about $33,000. Synergy Asset Management LLC bought a new stake in shares of Equinor ASA during the fourth quarter valued at about $36,000. R Squared Ltd purchased a new stake in shares of Equinor ASA in the fourth quarter worth about $48,000. Finally, Bruce G. Allen Investments LLC boosted its position in shares of Equinor ASA by 363.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after acquiring an additional 1,512 shares during the period. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

About Equinor ASA

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.