Equinor ASA (NYSE:EQNR) Given Consensus Rating of "Reduce" by Brokerages

Key Points

• Equinor ASA has received a consensus rating of "Reduce" from 16 brokerages, with five analysts giving a sell rating and seven a hold rating.
• The stock's average price objective among analysts is $22.71, and it recently opened at $24.50 after a 1.2% decline.
• Several institutional investors have significantly increased their stakes in Equinor ASA, with notable boosts of over 3,000% from firms like Marshall Wace LLP and Citigroup Inc.

Equinor ASA (NYSE:EQNR - Get Free Report) has been assigned a consensus rating of "Reduce" from the sixteen brokerages that are covering the company, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $22.7133.

A number of analysts have issued reports on EQNR shares. Redburn Atlantic downgraded Equinor ASA from a "buy" rating to a "sell" rating in a research note on Wednesday, April 23rd. Morgan Stanley downgraded Equinor ASA from an "overweight" rating to an "equal weight" rating and set a $22.70 price objective for the company. in a research report on Monday, May 12th. TD Cowen cut their price objective on Equinor ASA from $22.00 to $19.00 and set a "hold" rating for the company in a research report on Friday, May 2nd. Barclays downgraded Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Hsbc Global Res downgraded Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, July 24th.

Institutional Trading of Equinor ASA

Several large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP boosted its position in Equinor ASA by 3,159.0% during the fourth quarter. Marshall Wace LLP now owns 2,649,389 shares of the company's stock valued at $62,764,000 after purchasing an additional 2,568,095 shares during the last quarter. Voloridge Investment Management LLC raised its stake in Equinor ASA by 958.7% during the 4th quarter. Voloridge Investment Management LLC now owns 1,447,536 shares of the company's stock worth $34,292,000 after buying an additional 1,310,812 shares during the period. Citigroup Inc. boosted its position in Equinor ASA by 8,986.2% during the 1st quarter. Citigroup Inc. now owns 1,260,071 shares of the company's stock worth $33,329,000 after acquiring an additional 1,246,203 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Equinor ASA by 771.8% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,015,657 shares of the company's stock valued at $24,061,000 after acquiring an additional 899,157 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Equinor ASA by 17.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,804,534 shares of the company's stock worth $100,630,000 after acquiring an additional 572,193 shares during the period. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Equinor ASA Stock Down 1.2%

NYSE EQNR opened at $24.50 on Friday. The business has a fifty day moving average price of $25.77 and a 200 day moving average price of $24.42. Equinor ASA has a one year low of $21.41 and a one year high of $28.29. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47. The company has a market cap of $72.15 billion, a P/E ratio of 8.14, a P/E/G ratio of 0.84 and a beta of 0.59.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted 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 firm had revenue of $25.12 billion during the quarter, compared to analyst estimates of $23.88 billion. Research analysts anticipate that Equinor ASA will post 3.46 EPS for the current fiscal year.

About Equinor ASA

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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