Equinor ASA (NYSE:EQNR) Given Consensus Rating of "Hold" by Analysts

Equinor ASA (NYSE:EQNR - Get Free Report) has been assigned an average rating of "Hold" from the sixteen research firms that are covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $22.71.

Several equities research analysts have recently weighed in on EQNR shares. Kepler Capital Markets cut shares of Equinor ASA from a "hold" rating to a "reduce" rating in a research report on Tuesday, May 20th. Berenberg Bank downgraded shares of Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 price objective for the company. in a report on Tuesday, May 20th. JPMorgan Chase & Co. reaffirmed a "neutral" rating on shares of Equinor ASA in a research note on Wednesday, May 7th. Royal Bank Of Canada cut shares of Equinor ASA from a "sector perform" rating to an "underperform" rating in a research note on Tuesday, April 22nd. Finally, Redburn Atlantic lowered shares of Equinor ASA from a "buy" rating to a "sell" rating in a research report on Wednesday, April 23rd.

Equinor ASA Stock Up 1.9%

EQNR stock traded up $0.49 during midday trading on Wednesday, hitting $26.22. The company's stock had a trading volume of 307,713 shares, compared to its average volume of 3,768,462. The company's fifty day moving average price is $25.16 and its 200 day moving average price is $24.36. Equinor ASA has a twelve month low of $21.41 and a twelve month high of $28.29. The stock has a market capitalization of $73.24 billion, a P/E ratio of 8.29, a PEG ratio of 0.70 and a beta of 0.58. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.37 and a quick ratio of 1.27.

Equinor ASA (NYSE:EQNR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The company reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.83 by ($0.17). The business 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 8.07% and a return on equity of 18.44%. As a group, equities research analysts predict that Equinor ASA will post 3.46 EPS for the current year.

Hedge Funds Weigh In On Equinor ASA

Hedge funds have recently bought and sold shares of the company. Sound Income Strategies LLC lifted its stake in Equinor ASA by 725.4% during the 1st quarter. Sound Income Strategies LLC now owns 974 shares of the company's stock valued at $26,000 after acquiring an additional 856 shares during the period. GeoWealth Management LLC lifted its stake in shares of Equinor ASA by 254.5% in the 4th quarter. GeoWealth Management LLC now owns 1,372 shares of the company's stock worth $33,000 after purchasing an additional 985 shares during the period. Montag A & Associates Inc. bought a new position in shares of Equinor ASA in the 1st quarter worth approximately $53,000. Wayfinding Financial LLC bought a new position in shares of Equinor ASA in the 1st quarter worth approximately $54,000. Finally, Headlands Technologies LLC purchased a new stake in Equinor ASA in the 1st quarter worth approximately $57,000. 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.