SeaCrest Wealth Management LLC Takes Position in Equinor ASA (NYSE:EQNR)

SeaCrest Wealth Management LLC acquired a new position in Equinor ASA (NYSE:EQNR) in the 1st quarter, HoldingsChannel.com reports. The firm acquired 20,338 shares of the company’s stock, valued at approximately $550,000.

A number of other institutional investors have also recently bought and sold shares of EQNR. Principal Securities Inc. purchased a new stake in shares of Equinor ASA in the fourth quarter worth approximately $30,000. EverSource Wealth Advisors LLC increased its stake in Equinor ASA by 136.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the company’s stock valued at $34,000 after buying an additional 629 shares during the period. Avalon Trust Co acquired a new position in Equinor ASA in the 4th quarter valued at approximately $41,000. Princeton Global Asset Management LLC purchased a new stake in Equinor ASA in the 4th quarter worth approximately $43,000. Finally, GAMMA Investing LLC acquired a new stake in shares of Equinor ASA during the 4th quarter valued at $46,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Trading Down 1.1 %

Shares of NYSE:EQNR opened at $28.46 on Wednesday. The company has a current ratio of 1.88, a quick ratio of 1.76 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $83.81 billion, a PE ratio of 8.81, a P/E/G ratio of 3.76 and a beta of 0.84. Equinor ASA has a 1 year low of $24.44 and a 1 year high of $34.73. The firm has a fifty day moving average price of $27.96 and a 200 day moving average price of $28.00.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.18. The company had revenue of $25.14 billion during the quarter, compared to analysts’ expectations of $25.03 billion. Equinor ASA had a return on equity of 19.67% and a net margin of 9.30%. Analysts expect that Equinor ASA will post 3.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on EQNR. StockNews.com raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. TD Cowen started coverage on Equinor ASA in a report on Wednesday, April 24th. They set a “hold” rating and a $28.00 price target for the company. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $28.25.

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.