Equinor ASA (NYSE:EQNR) Stock Has Average Price Target of $43.47

Key Points

• Analyst consensus is “Hold” for Equinor, with 8 of 13 analysts rating the stock a hold. The average 12-month price target is $43.47, slightly above its reported $42.92 price.
• Recent analyst actions have generally been positive, including upgrades from Bank of America, Zacks Research, Weiss Ratings and Wall Street Zen; Bank of America set a $49 price target.
• Equinor announced a quarterly dividend of $0.39 per share, or $1.56 annualized, representing a 3.6% yield. The company’s latest quarterly earnings of $1.33 per share missed consensus estimates of $1.39.

Shares of Equinor ASA (NYSE:EQNR - Get Free Report) have been given an average recommendation of "Hold" by the thirteen brokerages that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $43.47.

A number of analysts have recently commented on the company. Weiss Ratings raised Equinor ASA from a "hold (c+)" rating to a "buy (b)" rating in a research note on Thursday, July 23rd. Zacks Research raised Equinor ASA from a "hold" rating to a "strong-buy" rating in a report on Friday, September 25th. Royal Bank Of Canada upgraded shares of Equinor ASA from an "underperform" rating to a "sector perform" rating in a research report on Thursday, July 23rd. Bank of America upgraded shares of Equinor ASA from a "neutral" rating to a "buy" rating and set a $49.00 price objective for the company in a research report on Friday, September 18th. Finally, Wall Street Zen raised shares of Equinor ASA from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 12th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC acquired a new position in shares of Equinor ASA in the 1st quarter worth $35,000. Assetmark Inc. boosted its position in shares of Equinor ASA by 130.2% in the 1st quarter. Assetmark Inc. now owns 1,036 shares of the company's stock valued at $44,000 after purchasing an additional 586 shares during the period. Eastern Bank purchased a new position in Equinor ASA in the 2nd quarter worth about $35,000. V Square Quantitative Management LLC purchased a new position in Equinor ASA in the 1st quarter worth about $79,000. Finally, Arlington Trust Co LLC raised its holdings in Equinor ASA by 1,581.9% during the 2nd quarter. Arlington Trust Co LLC now owns 2,136 shares of the company's stock worth $67,000 after buying an additional 2,009 shares during the period. Institutional investors own 5.51% of the company's stock.

Equinor ASA Price Performance

NYSE EQNR opened at $42.92 on Friday. Equinor ASA has a 12 month low of $22.26 and a 12 month high of $45.84. The firm has a market capitalization of $102.62 billion, a PE ratio of 11.70, a P/E/G ratio of 1.89 and a beta of 0.13. The company's 50 day simple moving average is $42.23 and its 200 day simple moving average is $39.06. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.18 and a quick ratio of 1.10.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its earnings results on Tuesday, July 21st. The company reported $1.33 earnings per share for the quarter, missing analysts' consensus estimates of $1.39 by ($0.06). The firm had revenue of $34.02 billion during the quarter, compared to analyst estimates of $34.03 billion. Equinor ASA had a return on equity of 23.60% and a net margin of 7.92%. As a group, equities research analysts forecast that Equinor ASA will post 5.45 EPS for the current fiscal year.

Equinor ASA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 16th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, November 16th. Equinor ASA's dividend payout ratio (DPR) is presently 34.88%.

Equinor ASA Company Profile

Equinor ASA is a Norwegian energy company engaged in the exploration, development, production, processing, transportation, marketing and trading of oil and natural gas. The company also operates in renewable energy and other lower-carbon activities, including offshore wind, carbon capture and storage, and hydrogen initiatives.

Equinor's operations are centered on the Norwegian continental shelf, where it is one of the leading producers of oil and natural gas. The company also has international exploration, production and energy projects across regions including Europe, North America, South America and Africa.

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