Bayforest Capital Ltd Invests $407,000 in Equinor ASA $EQNR

Bayforest Capital Ltd bought a new position in shares of Equinor ASA (NYSE:EQNR - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 16,174 shares of the company's stock, valued at approximately $407,000.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC increased its holdings in Equinor ASA by 725.4% during the 1st quarter. Sound Income Strategies LLC now owns 974 shares of the company's stock worth $26,000 after purchasing an additional 856 shares during the period. Montag A & Associates Inc. purchased a new position in shares of Equinor ASA during the first quarter valued at $53,000. Wayfinding Financial LLC purchased a new position in shares of Equinor ASA during the first quarter valued at $54,000. Headlands Technologies LLC purchased a new position in shares of Equinor ASA during the first quarter valued at $57,000. Finally, Assetmark Inc. increased its stake in shares of Equinor ASA by 7,586.7% during the first quarter. Assetmark Inc. now owns 2,306 shares of the company's stock valued at $61,000 after buying an additional 2,276 shares during the period. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EQNR has been the topic of a number of research reports. Pareto Securities downgraded shares of Equinor ASA from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 25th. Morgan Stanley lowered shares of Equinor ASA from an "equal weight" rating to an "underweight" rating in a report on Wednesday, September 3rd. UBS Group lowered shares of Equinor ASA from a "neutral" rating to a "sell" rating in a report on Tuesday, July 1st. Weiss Ratings raised shares of Equinor ASA from a "sell (d+)" rating to a "hold (c-)" rating in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. downgraded Equinor ASA from a "neutral" rating to an "underweight" rating in a report on Tuesday, August 12th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, Equinor ASA presently has an average rating of "Reduce" and an average target price of $22.71.

Equinor ASA Price Performance

NYSE EQNR opened at $23.10 on Thursday. The firm's fifty day simple moving average is $24.49 and its two-hundred day simple moving average is $24.60. The company has a current ratio of 1.47, a quick ratio of 1.37 and a debt-to-equity ratio of 0.58. Equinor ASA has a 12-month low of $21.41 and a 12-month high of $28.26. The firm has a market capitalization of $68.01 billion, a P/E ratio of 7.67, a P/E/G ratio of 0.82 and a beta of 0.52.

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

Equinor ASA 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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