Equinor ASA (NYSE:EQNR) Rating Lowered to "Hold" at Berenberg Bank

Equinor ASA (NYSE:EQNR - Get Free Report) was downgraded by stock analysts at Berenberg Bank from a "buy" rating to a "hold" rating in a report issued on Tuesday,Briefing.com Automated Import reports. They presently have a $26.44 price target on the stock. Berenberg Bank's price objective points to a potential upside of 14.31% from the company's previous close.

Several other equities research analysts have also commented on the stock. TD Cowen cut their price target on shares of Equinor ASA from $22.00 to $19.00 and set a "hold" rating for the company in a report on Friday, May 2nd. StockNews.com downgraded Equinor ASA from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 14th. Royal Bank of Canada downgraded shares of Equinor ASA from a "sector perform" rating to an "underperform" rating in a research note on Tuesday, April 22nd. Redburn Atlantic lowered shares of Equinor ASA from a "buy" rating to a "sell" rating in a research note on Wednesday, April 23rd. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Equinor ASA in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $22.71.

Equinor ASA Price Performance

Shares of NYSE EQNR opened at $23.13 on Tuesday. Equinor ASA has a 52 week low of $21.41 and a 52 week high of $29.32. The business's 50 day moving average price is $23.85 and its 200 day moving average price is $23.76. The company has a quick ratio of 1.36, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The firm has a market cap of $64.60 billion, a P/E ratio of 7.44, a P/E/G ratio of 0.58 and a beta of 0.58.

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

Institutional Trading of Equinor ASA

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp grew its stake in shares of Equinor ASA by 3.1% in the fourth quarter. Van ECK Associates Corp now owns 16,288 shares of the company's stock valued at $386,000 after buying an additional 487 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Equinor ASA by 10.8% during the fourth quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company's stock worth $123,000 after purchasing an additional 505 shares during the period. Gallacher Capital Management LLC raised its stake in Equinor ASA by 2.7% in the fourth quarter. Gallacher Capital Management LLC now owns 19,581 shares of the company's stock valued at $464,000 after buying an additional 518 shares in the last quarter. Mission Wealth Management LP raised its stake in Equinor ASA by 4.5% in the first quarter. Mission Wealth Management LP now owns 12,236 shares of the company's stock valued at $324,000 after buying an additional 522 shares in the last quarter. Finally, Atlas Capital Advisors Inc. lifted its holdings in Equinor ASA by 10.9% during the 1st quarter. Atlas Capital Advisors Inc. now owns 5,618 shares of the company's stock worth $149,000 after buying an additional 553 shares during the last quarter. Hedge funds and other institutional investors own 5.51% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.