Equinor ASA (NYSE:EQNR) Price Target Cut to $19.00 by Analysts at TD Cowen

Equinor ASA (NYSE:EQNR - Get Free Report) had its target price lowered by research analysts at TD Cowen from $22.00 to $19.00 in a research note issued to investors on Friday,Briefing.com Automated Import reports. The brokerage currently has a "hold" rating on the stock. TD Cowen's price target points to a potential downside of 14.91% from the company's current price.

EQNR has been the subject of a number of other research reports. Royal Bank of Canada lowered Equinor ASA from a "sector perform" rating to an "underperform" rating in a report on Tuesday, April 22nd. Pareto Securities upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Thursday, February 6th. Hsbc Global Res upgraded shares of Equinor ASA to a "strong-buy" rating in a research report on Monday, February 10th. StockNews.com cut shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th. Finally, Danske raised Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Three analysts have rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Equinor ASA currently has an average rating of "Moderate Buy" and a consensus target price of $23.60.

Equinor ASA Stock Performance

NYSE:EQNR opened at $22.33 on Friday. The firm has a market capitalization of $62.36 billion, a PE ratio of 7.18, a PEG ratio of 0.58 and a beta of 0.58. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $29.32. The firm's fifty day simple moving average is $23.81 and its 200 day simple moving average is $23.87.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.83 by ($0.17). The company had revenue of $27.14 billion during the quarter, compared to the consensus estimate of $27.16 billion. Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. On average, sell-side analysts anticipate that Equinor ASA will post 3.46 EPS for the current year.

Hedge Funds Weigh In On Equinor ASA

Institutional investors have recently modified their holdings of the stock. New York State Common Retirement Fund acquired a new position in Equinor ASA during the first quarter valued at approximately $1,658,000. Kathmere Capital Management LLC acquired a new stake in Equinor ASA during the 1st quarter worth $392,000. Cerity Partners LLC lifted its holdings in Equinor ASA by 6.4% during the first quarter. Cerity Partners LLC now owns 25,100 shares of the company's stock worth $664,000 after acquiring an additional 1,509 shares in the last quarter. Linden Thomas Advisory Services LLC grew its stake in Equinor ASA by 13.7% in the first quarter. Linden Thomas Advisory Services LLC now owns 18,964 shares of the company's stock valued at $502,000 after acquiring an additional 2,280 shares during the period. Finally, M&T Bank Corp increased its holdings in shares of Equinor ASA by 24.9% in the first quarter. M&T Bank Corp now owns 14,502 shares of the company's stock worth $384,000 after acquiring an additional 2,890 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

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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