Equinor ASA (NYSE:EQNR) Downgraded by Barclays to Hold

Equinor ASA (NYSE:EQNR - Get Free Report) was downgraded by equities research analysts at Barclays from a "strong-buy" rating to a "hold" rating in a report released on Thursday, MarketBeat reports.

A number of other equities research analysts have also recently commented on EQNR. Hsbc Global Res upgraded shares of Equinor ASA to a "strong-buy" rating in a report on Monday, February 10th. Nordea Equity Research upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Danske upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. DZ Bank upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a report on Thursday, February 6th. Finally, HSBC raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Monday, February 10th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $22.71.

Equinor ASA Trading Up 1.8%

Shares of EQNR traded up $0.42 during trading hours on Thursday, hitting $24.24. 1,908,285 shares of the stock were exchanged, compared to its average volume of 3,580,643. Equinor ASA has a fifty-two week low of $21.41 and a fifty-two week high of $29.32. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.36. The business has a 50-day moving average of $23.76 and a 200-day moving average of $23.79. The firm has a market capitalization of $67.69 billion, a P/E ratio of 7.80, a price-to-earnings-growth ratio of 0.58 and a beta of 0.58.

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 for the quarter, missing the consensus estimate of $0.83 by ($0.17). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. The firm had revenue of $27.14 billion for the quarter, compared to analyst estimates of $27.16 billion. On average, research analysts expect that Equinor ASA will post 3.46 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Folketrygdfondet lifted its position in shares of Equinor ASA by 4.0% during the fourth quarter. Folketrygdfondet now owns 111,466,079 shares of the company's stock valued at $2,640,631,000 after purchasing an additional 4,300,472 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Equinor ASA by 10.7% during the fourth quarter. Wellington Management Group LLP now owns 4,151,104 shares of the company's stock valued at $98,340,000 after purchasing an additional 399,861 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Equinor ASA by 4.8% during the fourth quarter. Bank of America Corp DE now owns 4,121,392 shares of the company's stock valued at $97,636,000 after purchasing an additional 188,709 shares in the last quarter. Earnest Partners LLC lifted its position in shares of Equinor ASA by 3.4% during the first quarter. Earnest Partners LLC now owns 3,830,699 shares of the company's stock valued at $101,322,000 after purchasing an additional 124,961 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of Equinor ASA by 17.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,804,534 shares of the company's stock valued at $100,630,000 after purchasing an additional 572,193 shares in the last quarter. 5.51% of the stock is owned by institutional investors.

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.