Analysts Set Equinor ASA (NYSE:EQNR) Price Target at $22.71

Equinor ASA (NYSE:EQNR - Get Free Report) has earned an average rating of "Hold" from the sixteen brokerages that are currently covering the firm, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $22.71.

A number of brokerages have recently commented on EQNR. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of Equinor ASA in a research note on Wednesday, May 7th. DZ Bank 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 note on Monday, February 10th. Royal Bank of Canada downgraded shares of Equinor ASA from a "sector perform" rating to an "underperform" rating in a report on Tuesday, April 22nd. Finally, Kepler Capital Markets downgraded shares of Equinor ASA from a "hold" rating to a "reduce" rating in a report on Tuesday, May 20th.

Hedge Funds Weigh In On Equinor ASA

Several hedge funds have recently modified their holdings of EQNR. Linden Thomas Advisory Services LLC lifted its holdings in shares of Equinor ASA by 24.8% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 16,684 shares of the company's stock worth $395,000 after buying an additional 3,313 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of Equinor ASA by 42.1% in the fourth quarter. Blue Trust Inc. now owns 43,808 shares of the company's stock worth $1,110,000 after buying an additional 12,982 shares in the last quarter. Union Bancaire Privee UBP SA bought a new stake in Equinor ASA in the fourth quarter worth $115,000. R Squared Ltd bought a new stake in Equinor ASA in the fourth quarter worth $48,000. Finally, Synergy Asset Management LLC bought a new stake in Equinor ASA in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 5.51% of the company's stock.

Equinor ASA Stock Down 0.4%

NYSE:EQNR traded down $0.10 on Tuesday, reaching $23.94. 2,595,300 shares of the stock traded hands, compared to its average volume of 3,586,338. The company has a market capitalization of $66.87 billion, a price-to-earnings ratio of 7.70, 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 12 month low of $21.41 and a 12 month high of $29.32. The company's fifty day simple moving average is $23.71 and its 200 day simple moving average is $23.79.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $27.14 billion for 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%. Equities analysts predict that Equinor ASA will post 3.46 EPS for the current fiscal year.

Equinor ASA Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th were issued a $0.304 dividend. This represents a $1.22 annualized dividend and a dividend yield of 5.08%. The ex-dividend date was Friday, May 16th. Equinor ASA's dividend payout ratio (DPR) is presently 46.84%.

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.