Equinor ASA (NYSE:EQNR) Given Average Recommendation of "Reduce" by Analysts

Key Points

• Equinor ASA has received a consensus rating of "Reduce" from analysts, with seven sell ratings, five holds, and four buy ratings.
• The company's average 12-month price target among brokerages is $22.71 with recent downgradings affecting its stock outlook.
• Equinor reported an EPS of $0.64 for the last quarter, missing estimates, but exceeded revenue forecasts with $25.12 billion in revenue.

Equinor ASA (NYSE:EQNR - Get Free Report) has been given a consensus rating of "Reduce" by the sixteen brokerages that are currently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $22.7133.

EQNR has been the topic of several research analyst reports. Pareto Securities downgraded Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Hsbc Global Res downgraded Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 24th. Berenberg Bank downgraded Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 price objective on the stock. in a research report on Tuesday, May 20th. Barclays downgraded Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, JPMorgan Chase & Co. downgraded Equinor ASA from a "neutral" rating to an "underweight" rating in a research report on Tuesday, August 12th.

Equinor ASA Price Performance

Shares of Equinor ASA stock opened at $23.71 on Thursday. The stock's 50-day simple moving average is $25.26 and its 200-day simple moving average is $24.50. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $28.26. The company has a market capitalization of $69.80 billion, a price-to-earnings ratio of 7.88, a PEG ratio of 0.84 and a beta of 0.57. The company has a quick ratio of 1.37, a current ratio of 1.47 and a debt-to-equity ratio of 0.58.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.02). Equinor ASA had a net margin of 7.60% and a return on equity of 16.91%. The business had revenue of $25.12 billion during the quarter, compared to analysts' expectations of $23.88 billion. As a group, analysts expect that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equinor ASA

Large investors have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC grew its stake in shares of Equinor ASA by 725.4% during the first quarter. Sound Income Strategies LLC now owns 974 shares of the company's stock valued at $26,000 after buying an additional 856 shares during the last quarter. McIlrath & Eck LLC bought a new position in shares of Equinor ASA during the second quarter valued at approximately $36,000. Montag A & Associates Inc. bought a new position in shares of Equinor ASA during the first quarter valued at approximately $53,000. Wayfinding Financial LLC bought a new position in shares of Equinor ASA during the first quarter valued at approximately $54,000. Finally, Headlands Technologies LLC bought a new position in shares of Equinor ASA during the first quarter valued at approximately $57,000. 5.51% of the stock is owned by 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.

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