Equinor ASA (NYSE:EQNR) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Equinor ASA from hold to buy, adding a more bullish view to a mixed analyst picture on the stock.
• Equinor recently reported strong quarterly earnings, posting EPS of $1.48 versus expectations of $1.01, though revenue of $28.40 billion came in slightly below estimates.
• Shares were down 0.6% in Friday trading, and the stock remains near the middle of its 52-week range with a market cap of about $108 billion.

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

A number of other equities analysts have also issued reports on EQNR. Rothschild & Co Redburn raised Equinor ASA from a "strong sell" rating to a "hold" rating in a research note on Thursday, April 9th. Pareto Securities lowered Equinor ASA from a "strong-buy" rating to a "hold" rating in a research note on Friday, March 27th. DZ Bank raised Equinor ASA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Zacks Research raised Equinor ASA from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 25th. Finally, Bank of America lowered Equinor ASA from a "buy" rating to a "neutral" rating in a research note on Thursday, February 5th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $35.61.

Equinor ASA Stock Down 0.6%

EQNR opened at $36.69 on Friday. Equinor ASA has a 12 month low of $22.26 and a 12 month high of $43.46. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.24 and a quick ratio of 1.16. The stock has a market cap of $108.03 billion, a P/E ratio of 16.83, a P/E/G ratio of 1.22 and a beta of 0.07. The stock's 50 day moving average price is $37.42 and its 200 day moving average price is $29.11.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $1.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.01 by $0.47. The firm had revenue of $28.40 billion during the quarter, compared to analyst estimates of $28.73 billion. Equinor ASA had a return on equity of 20.01% and a net margin of 5.30%. As a group, research analysts predict that Equinor ASA will post 4.95 earnings per share for the current year.

Institutional Investors Weigh In On Equinor ASA

Large investors have recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC bought a new stake in shares of Equinor ASA during the 1st quarter worth $35,000. Assetmark Inc. boosted its stake in shares of Equinor ASA by 130.2% during the 1st quarter. Assetmark Inc. now owns 1,036 shares of the company's stock worth $44,000 after acquiring an additional 586 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Equinor ASA by 1,794.0% during the 4th quarter. UMB Bank n.a. now owns 1,269 shares of the company's stock worth $30,000 after acquiring an additional 1,202 shares in the last quarter. Global Retirement Partners LLC boosted its stake in shares of Equinor ASA by 86.2% during the 4th quarter. Global Retirement Partners LLC now owns 1,318 shares of the company's stock worth $31,000 after acquiring an additional 610 shares in the last quarter. Finally, McIlrath & Eck LLC bought a new stake in shares of Equinor ASA during the 2nd quarter worth $36,000. 5.51% of the stock is owned by institutional investors.

Equinor ASA Company Profile

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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