Equinor ASA (NYSE:EQNR) Receives Average Recommendation of “Reduce” from Brokerages

Shares of Equinor ASA (NYSE:EQNR) have been assigned a consensus rating of “Reduce” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $26.90.

A number of analysts recently weighed in on the stock. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective on the stock in a report on Monday, October 14th. UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Barclays raised Equinor ASA to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com raised Equinor ASA from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 5th. Finally, Citigroup raised shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Atwood & Palmer Inc. purchased a new stake in Equinor ASA during the second quarter valued at about $25,000. Reston Wealth Management LLC purchased a new position in Equinor ASA during the 3rd quarter worth approximately $31,000. Rothschild Investment LLC acquired a new stake in Equinor ASA during the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Equinor ASA by 27.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after purchasing an additional 365 shares in the last quarter. 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 worth $49,000 after buying an additional 1,512 shares during the period. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Performance

Shares of NYSE EQNR opened at $22.52 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The firm’s 50-day moving average price is $24.78 and its two-hundred day moving average price is $26.56. Equinor ASA has a 52-week low of $22.15 and a 52-week high of $33.63. The stock has a market capitalization of $62.89 billion, a P/E ratio of 7.00, a P/E/G ratio of 5.01 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. The business had revenue of $25.45 billion during the quarter, compared to analyst estimates of $24.45 billion. During the same quarter in the previous year, the firm posted $0.92 EPS. As a group, sell-side analysts forecast that Equinor ASA will post 3.27 earnings per share for the current year.

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.