Kepler Capital Markets Downgrades Equinor ASA (NYSE:EQNR) to Reduce

Equinor ASA (NYSE:EQNR - Get Free Report) was downgraded by equities research analysts at Kepler Capital Markets from a "hold" rating to a "reduce" rating in a note issued to investors on Tuesday,Briefing.com Automated Import reports.

EQNR has been the topic of a number of other reports. Pareto Securities raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. JPMorgan Chase & Co. restated a "neutral" rating on shares of Equinor ASA in a research report on Wednesday, May 7th. Hsbc Global Res raised shares of Equinor ASA to a "strong-buy" rating in a report on Monday, February 10th. Morgan Stanley cut Equinor ASA from an "overweight" rating to an "equal weight" rating and set a $22.70 price target for the company. in a research note on Monday, May 12th. Finally, Nordea Equity Research raised Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, February 6th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Equinor ASA has an average rating of "Hold" and an average price target of $22.71.

Equinor ASA Price Performance

Equinor ASA stock opened at $23.13 on Tuesday. The company has a market capitalization of $64.60 billion, a price-to-earnings ratio of 7.44, a PEG ratio of 0.58 and a beta of 0.58. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51. Equinor ASA has a 12 month low of $21.41 and a 12 month high of $29.32. The stock's 50 day moving average is $23.85 and its 200-day moving average is $23.76.

Equinor ASA (NYSE:EQNR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.83 by ($0.17). The firm had revenue of $27.14 billion during the quarter, compared to analyst estimates of $27.16 billion. Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. Equities research analysts expect that Equinor ASA will post 3.46 EPS for the current year.

Hedge Funds Weigh In On Equinor ASA

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sound Income Strategies LLC increased its holdings in shares of Equinor ASA by 725.4% during the first quarter. Sound Income Strategies LLC now owns 974 shares of the company's stock worth $26,000 after buying an additional 856 shares in the last quarter. Manchester Capital Management LLC acquired a new position in Equinor ASA in the 4th quarter worth about $33,000. GeoWealth Management LLC raised its position in Equinor ASA by 254.5% in the fourth quarter. GeoWealth Management LLC now owns 1,372 shares of the company's stock valued at $33,000 after purchasing an additional 985 shares during the last quarter. Synergy Asset Management LLC acquired a new stake in Equinor ASA during the 4th quarter worth approximately $36,000. Finally, R Squared Ltd acquired a new position in shares of Equinor ASA during the fourth quarter worth $48,000. Institutional investors own 5.51% of the company's stock.

About Equinor ASA

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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