Brokerages Set Equinor ASA (NYSE:EQNR) PT at $22.71

Shares of Equinor ASA (NYSE:EQNR - Get Free Report) have received a consensus rating of "Hold" from the sixteen ratings firms that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, six have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $22.71.

Several research firms have recently weighed in on EQNR. JPMorgan Chase & Co. restated a "neutral" rating on shares of Equinor ASA in a research report on Wednesday, May 7th. Morgan Stanley lowered Equinor ASA from an "overweight" rating to an "equal weight" rating and set a $22.70 price objective on the stock. in a report on Monday, May 12th. Kepler Capital Markets lowered shares of Equinor ASA from a "hold" rating to a "reduce" rating in a report on Tuesday, May 20th. Barclays cut shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Finally, Berenberg Bank lowered shares of Equinor ASA from a "buy" rating to a "hold" rating and set a $26.44 price target on the stock. in a research report on Tuesday, May 20th.

Institutional Investors Weigh In On Equinor ASA

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp increased its holdings in Equinor ASA by 3.1% in the 4th quarter. Van ECK Associates Corp now owns 16,288 shares of the company's stock valued at $386,000 after purchasing an additional 487 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of 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 buying an additional 505 shares during the period. Gallacher Capital Management LLC grew its stake in shares of 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 holdings in shares of Equinor ASA by 4.5% in the 1st 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 during the period. Finally, Atlas Capital Advisors Inc. lifted its stake 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 acquiring an additional 553 shares in the last quarter. Institutional investors and hedge funds own 5.51% of the company's stock.

Equinor ASA Price Performance

EQNR stock traded down $1.35 during mid-day trading on Friday, reaching $25.15. 6,345,246 shares of the company's stock were exchanged, compared to its average volume of 3,715,757. 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 has a 12-month low of $21.41 and a 12-month high of $29.03. The stock's 50 day moving average is $24.16 and its 200 day moving average is $24.02. The company has a market cap of $70.22 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 0.71 and a beta of 0.57.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings results 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 company had revenue of $27.14 billion during the quarter, compared to analyst estimates of $27.16 billion. Equinor ASA had a net margin of 8.07% and a return on equity of 18.44%. On average, research analysts expect that Equinor ASA will post 3.46 EPS for the current year.

Equinor ASA Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Friday, May 16th were given a dividend of $0.304 per share. This represents a $1.22 annualized dividend and a dividend yield of 4.84%. The ex-dividend date of this dividend was Friday, May 16th. Equinor ASA's payout ratio is presently 38.61%.

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.