Equinor ASA (NYSE:EQNR) Stock Has Consensus Price Target of $43.47 According to Brokerages

Key Points

• Analysts maintain a “Hold” consensus on Equinor ASA, with 12 hold, three buy, one strong-buy, and two sell ratings. The average 12-month price target is $43.47.
• EQNR shares opened at $45.39, near the upper end of their 52-week range of $22.26 to $49.08, with a market capitalization of approximately $108.5 billion.
• Equinor’s latest quarterly results fell short of expectations, reporting $1.20 in EPS versus the $1.38 consensus estimate and revenue of $32.96 billion versus $33.30 billion expected.

Equinor ASA (NYSE:EQNR - Get Free Report) has been given an average rating of "Hold" by the eighteen ratings firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, twelve have issued a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $43.47.

Several equities analysts have recently issued reports on EQNR shares. Royal Bank Of Canada raised Equinor ASA from an "underperform" rating to a "sector perform" rating in a research report on Thursday, July 23rd. Zacks Research upgraded shares of Equinor ASA from a "hold" rating to a "strong-buy" rating in a report on Friday, September 25th. Bank of America raised shares of Equinor ASA from a "neutral" rating to a "buy" rating and set a $49.00 target price for the company in a research report on Friday, September 18th. Weiss Ratings reiterated a "buy (b)" rating on shares of Equinor ASA in a research note on Wednesday, October 21st. Finally, Morningstar lowered shares of Equinor ASA to a "sell" rating in a research note on Thursday, July 23rd.

Equinor ASA Stock Performance

Shares of EQNR stock opened at $45.39 on Tuesday. The company's fifty day moving average price is $44.08 and its 200-day moving average price is $37.54. The stock has a market cap of $108.51 billion, a PE ratio of 9.44, a price-to-earnings-growth ratio of 1.77 and a beta of 0.13. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.56. Equinor ASA has a 12 month low of $22.26 and a 12 month high of $49.08.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by ($0.18). Equinor ASA had a return on equity of 27.87% and a net margin of 9.71%. The business had revenue of $32.96 billion during the quarter, compared to the consensus estimate of $33.30 billion. On average, equities analysts expect that Equinor ASA will post 5.62 EPS for the current fiscal year.

Institutional Trading of Equinor ASA

A number of hedge funds have recently bought and sold shares of the company. Park Avenue Securities LLC grew its position in shares of Equinor ASA by 2.7% during the 3rd quarter. Park Avenue Securities LLC now owns 9,341 shares of the company's stock valued at $389,000 after acquiring an additional 249 shares during the period. Legacy Wealth Asset Management LLC increased its stake in shares of Equinor ASA by 0.9% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 28,296 shares of the company's stock worth $1,177,000 after purchasing an additional 266 shares in the last quarter. Financial Network Wealth Advisors LLC raised its holdings in Equinor ASA by 93.1% in the 3rd quarter. Financial Network Wealth Advisors LLC now owns 840 shares of the company's stock worth $35,000 after purchasing an additional 405 shares during the period. Inspire Investing LLC raised its holdings in Equinor ASA by 4.5% in the 1st quarter. Inspire Investing LLC now owns 11,657 shares of the company's stock worth $492,000 after purchasing an additional 503 shares during the period. Finally, Signaturefd LLC raised its holdings in Equinor ASA by 2.0% in the 3rd quarter. Signaturefd LLC now owns 27,153 shares of the company's stock worth $1,130,000 after purchasing an additional 542 shares during the period. Hedge funds and other institutional investors own 5.51% of the company's stock.

Equinor ASA Company Profile

Equinor ASA is a Norwegian energy company headquartered in Stavanger, Norway. Founded in 1972 as Den norske stats oljeselskap, the company was later known as Statoil and StatoilHydro before adopting the Equinor name in 2018. The Norwegian state remains its largest shareholder.

Equinor's core business is the exploration, development, production and marketing of oil and natural gas, with Norway's continental shelf serving as its principal operating area. The company also processes and markets energy products and supplies natural gas and crude oil to customers in Europe and other international markets.

In addition to its oil and gas operations, Equinor is developing lower-carbon energy businesses, including offshore wind, solar power, carbon capture and storage, and other renewable energy projects.

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