Equinor ASA (NYSE:EQNR) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• Equinor has a consensus “Hold” rating from 13 analysts: 10 holds, one sell, one buy and one strong buy. The average 12-month price target is $39.20.
• Shares opened at $42.05, near the company’s one-year high of $43.46. Equinor’s latest quarterly earnings came in at $1.33 per share, below the $1.39 consensus estimate, while revenue was broadly in line at $34.02 billion.
• The company announced a quarterly dividend of $0.39 per share, equivalent to $1.56 annually and a 3.7% yield, with a payout ratio of 34.88%.

Equinor ASA (NYSE:EQNR - Get Free Report) has received an average rating of "Hold" from the thirteen research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, ten have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $39.20.

A number of research analysts have weighed in on the stock. Weiss Ratings upgraded shares of Equinor ASA from a "hold (c+)" rating to a "buy (b)" rating in a research report on Thursday, July 23rd. Zacks Research lowered shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a report on Monday, May 25th. Wall Street Zen raised shares of Equinor ASA from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 8th. TD Cowen upped their price target on shares of Equinor ASA from $37.00 to $38.00 and gave the company a "hold" rating in a report on Friday, July 24th. Finally, DZ Bank raised shares of Equinor ASA from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, May 6th.

Equinor ASA Price Performance

Shares of Equinor ASA stock opened at $42.05 on Thursday. The stock has a market cap of $100.54 billion, a price-to-earnings ratio of 11.46, a price-to-earnings-growth ratio of 2.76 and a beta of 0.04. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.10 and a current ratio of 1.18. The stock has a 50 day moving average price of $36.56 and a 200-day moving average price of $35.98. Equinor ASA has a one year low of $22.26 and a one year high of $43.46.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.06). The company had revenue of $34.02 billion for the quarter, compared to analysts' expectations of $34.03 billion. Equinor ASA had a net margin of 7.92% and a return on equity of 23.60%. Equities analysts expect that Equinor ASA will post 4.93 EPS for the current year.

Equinor ASA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Shareholders of record on Monday, November 16th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, November 16th. Equinor ASA's payout ratio is 34.88%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the business. Blair William & Co. IL lifted its stake in shares of Equinor ASA by 2.7% during the 4th quarter. Blair William & Co. IL now owns 14,837 shares of the company's stock worth $351,000 after acquiring an additional 389 shares during the last quarter. National Bank of Canada FI grew its position in Equinor ASA by 1.1% in the 3rd quarter. National Bank of Canada FI now owns 39,045 shares of the company's stock valued at $952,000 after acquiring an additional 437 shares during the last quarter. TD Asset Management Inc grew its position in Equinor ASA by 5.4% in the 4th quarter. TD Asset Management Inc now owns 9,711 shares of the company's stock valued at $229,000 after acquiring an additional 501 shares during the last quarter. Inspire Investing LLC increased its stake in Equinor ASA by 4.5% in the first quarter. Inspire Investing LLC now owns 11,657 shares of the company's stock worth $492,000 after purchasing an additional 503 shares during the period. Finally, CWM LLC increased its stake in Equinor ASA by 20.6% in the fourth quarter. CWM LLC now owns 3,051 shares of the company's stock worth $72,000 after purchasing an additional 522 shares during the period. Institutional investors own 5.51% of the company's stock.

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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