Equinor ASA (NYSE:EQNR) Upgraded at Barclays

Barclays upgraded shares of Equinor ASA (NYSE:EQNR) from an equal weight rating to an overweight rating in a report issued on Monday morning, MarketBeat.com reports.

A number of other research analysts have also recently weighed in on EQNR. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective for the company in a research report on Monday, October 14th. Finally, StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Equinor ASA has a consensus rating of “Hold” and a consensus target price of $26.90.

Equinor ASA Stock Performance

NYSE EQNR opened at $24.37 on Monday. The business has a 50 day moving average price of $24.53 and a 200 day moving average price of $26.26. The company has a market capitalization of $68.06 billion, a P/E ratio of 7.48, a PEG ratio of 5.30 and a beta of 0.84. Equinor ASA has a 1-year low of $22.15 and a 1-year high of $32.87. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The business had revenue of $25.45 billion during the quarter, compared to analysts’ expectations of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same quarter last year, the business posted $0.92 earnings per share. Sell-side analysts expect that Equinor ASA will post 3.31 EPS for the current fiscal year.

Institutional Trading of Equinor ASA

A number of institutional investors and hedge funds have recently made changes to their positions in EQNR. Atwood & Palmer Inc. purchased a new position in Equinor ASA in the second quarter valued at approximately $25,000. Reston Wealth Management LLC purchased a new position in shares of Equinor ASA in the 3rd quarter valued at $31,000. Rothschild Investment LLC acquired a new position in shares of 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% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after acquiring an additional 365 shares in the last quarter. Finally, Bruce G. Allen Investments LLC boosted its position in Equinor ASA by 363.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock worth $49,000 after purchasing an additional 1,512 shares during the period. 5.51% of the stock is currently owned by institutional investors and hedge funds.

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.