Equinor ASA (NYSE:EQNR) Receives Consensus Recommendation of "Reduce" from Analysts

Key Points

• Equinor ASA has received an average consensus recommendation of "Reduce" from sixteen research firms, with seven analysts issuing sell ratings and only four giving buy recommendations.
• The company's most recent earnings report indicated earnings per share of $0.64, which fell short of analysts' expectations of $0.66, despite revenues surpassing estimates.
• Equinor ASA's current stock price is $25.52, with a twelve-month target price set at $22.71 by analysts.

Equinor ASA (NYSE:EQNR - Get Free Report) has received an average recommendation of "Reduce" from the sixteen research firms that are currently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $22.7133.

EQNR has been the topic of a number of analyst reports. Hsbc Global Res cut Equinor ASA from a "strong-buy" rating to a "hold" rating in a research note on Thursday, July 24th. UBS Group downgraded Equinor ASA from a "neutral" rating to a "sell" rating in a research note on Tuesday, July 1st. Morgan Stanley downgraded Equinor ASA from an "equal weight" rating to an "underweight" rating in a research note on Wednesday, September 3rd. Pareto Securities downgraded Equinor ASA from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 25th. Finally, JPMorgan Chase & Co. cut Equinor ASA from a "neutral" rating to an "underweight" rating in a report on Tuesday, August 12th.

Equinor ASA Trading Down 0.1%

NYSE:EQNR opened at $25.52 on Monday. The stock has a fifty day moving average price of $24.85 and a two-hundred day moving average price of $24.69. The stock has a market capitalization of $75.13 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 0.89 and a beta of 0.57. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.37 and a current ratio of 1.47. Equinor ASA has a 1 year low of $21.41 and a 1 year high of $28.26.

Equinor ASA (NYSE:EQNR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.02). The business had revenue of $25.12 billion for the quarter, compared to analyst estimates of $23.88 billion. Equinor ASA had a return on equity of 16.91% and a net margin of 7.60%. As a group, sell-side analysts anticipate that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equinor ASA

Hedge funds and other institutional investors have recently bought and sold shares of the business. Jump Financial LLC acquired a new stake in shares of Equinor ASA during the first quarter worth $2,178,000. Sequoia Financial Advisors LLC bought a new stake in shares of Equinor ASA in the first quarter valued at about $205,000. Sarasin & Partners LLP lifted its holdings in shares of Equinor ASA by 35.0% in the first quarter. Sarasin & Partners LLP now owns 547,576 shares of the company's stock valued at $13,870,000 after purchasing an additional 141,949 shares in the last quarter. CWA Asset Management Group LLC increased its position in shares of Equinor ASA by 30.1% in the first quarter. CWA Asset Management Group LLC now owns 68,791 shares of the company's stock valued at $1,820,000 after acquiring an additional 15,910 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Equinor ASA by 15.7% in the first quarter. Cetera Investment Advisers now owns 83,272 shares of the company's stock valued at $2,203,000 after acquiring an additional 11,290 shares during the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

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.

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