Equinor ASA (NYSE:EQNR) Downgraded by Wall Street Zen to "Buy"

Key Points

• Wall Street Zen downgraded Equinor ASA from “strong buy” to “buy,” while the broader analyst consensus remains “hold” with an average price target of $39.20.
• Equinor shares opened at $42.84, near their 52-week high of $43.46 and above the consensus target, indicating limited upside based on current analyst estimates.
• The company reported quarterly EPS of $1.33, missing expectations of $1.39, while revenue of $34.02 billion was essentially in line with estimates.

Equinor ASA (NYSE:EQNR - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a research report issued on Saturday.

Other equities research analysts have also issued reports about the stock. Zacks Research lowered shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a report on Monday, May 25th. TD Cowen lifted their target price on shares of Equinor ASA from $37.00 to $38.00 and gave the stock a "hold" rating in a research report on Friday, July 24th. DZ Bank upgraded shares of Equinor ASA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 6th. Weiss Ratings raised shares of Equinor ASA from a "hold (c+)" rating to a "buy (b)" rating in a research note on Thursday, July 23rd. Finally, 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. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $39.20.

Equinor ASA Stock Performance

Shares of NYSE EQNR opened at $42.84 on Friday. The stock's 50-day moving average is $36.81 and its 200 day moving average is $36.14. The stock has a market cap of $102.42 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 2.82 and a beta of 0.04. Equinor ASA has a 1-year low of $22.26 and a 1-year high of $43.46. 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 (NYSE:EQNR - Get Free Report) last issued its earnings results on Tuesday, July 21st. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.06). Equinor ASA had a return on equity of 23.60% and a net margin of 7.92%.The firm had revenue of $34.02 billion during the quarter, compared to analysts' expectations of $34.03 billion. On average, sell-side analysts anticipate that Equinor ASA will post 4.93 EPS for the current fiscal year.

Institutional Investors Weigh In On Equinor ASA

Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its stake in shares of Equinor ASA by 11.1% in the first quarter. Royal Bank of Canada now owns 148,723 shares of the company's stock worth $3,932,000 after purchasing an additional 14,913 shares during the last quarter. AQR Capital Management LLC bought a new position in Equinor ASA during the 1st quarter valued at approximately $263,000. Empowered Funds LLC lifted its holdings in Equinor ASA by 1.9% in the 1st quarter. Empowered Funds LLC now owns 112,194 shares of the company's stock worth $2,968,000 after buying an additional 2,112 shares during the period. Acadian Asset Management LLC purchased a new stake in Equinor ASA in the 1st quarter worth approximately $816,000. Finally, EverSource Wealth Advisors LLC grew its position in shares of Equinor ASA by 50.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,230 shares of the company's stock worth $131,000 after buying an additional 1,751 shares during the last quarter. Institutional investors own 5.51% of the company's stock.

About Equinor ASA

Equinor ASA NYSE: EQNR is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway's petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor's operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.

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