Equinor ASA (NYSE:EQNR) Upgraded to “Strong-Buy” at StockNews.com

Equinor ASA (NYSE:EQNR) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Friday.

A number of other equities research analysts have also recently weighed in on EQNR. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Finally, Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price on the stock in a research note on Monday, October 14th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.90.

Equinor ASA Trading Down 0.8 %

Shares of EQNR stock opened at $24.18 on Friday. Equinor ASA has a 1-year low of $22.15 and a 1-year high of $32.66. The firm has a market cap of $67.53 billion, a PE ratio of 7.42, a price-to-earnings-growth ratio of 5.30 and a beta of 0.84. The company has a 50-day moving average of $24.50 and a two-hundred day moving average of $26.20. 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 posted its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The firm had revenue of $25.45 billion during the quarter, compared to analysts’ expectations of $24.45 billion. During the same quarter last year, the company posted $0.92 EPS. On average, analysts predict that Equinor ASA will post 3.31 EPS for the current year.

Institutional Trading of Equinor ASA

Institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in Equinor ASA during the third quarter worth $1,933,000. Cetera Investment Advisers increased its position in Equinor ASA by 52.7% during the second quarter. Cetera Investment Advisers now owns 69,718 shares of the company’s stock worth $1,991,000 after buying an additional 24,052 shares in the last quarter. Milestone Asset Management LLC acquired a new position in shares of Equinor ASA in the second quarter worth $794,000. Truist Financial Corp lifted its position in shares of Equinor ASA by 9.2% in the second quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock valued at $397,000 after acquiring an additional 1,167 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Equinor ASA in the third quarter valued at $2,509,000. 5.51% of the stock is currently 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 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.