Equinor ASA (NYSE:EQNR) was downgraded by research analysts at Santander from a "buy" rating to a "hold" rating in a report released on Thursday, The Fly reports.
Other equities research analysts have also issued research reports about the company. UBS Group reiterated a "neutral" rating on shares of Equinor ASA in a research note on Thursday, December 10th. CSFB restated an "outperform" rating on shares of Equinor ASA in a research note on Thursday, October 8th. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Equinor ASA in a research report on Friday, January 15th. Kepler Capital Markets upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Friday, December 11th. Finally, Credit Suisse Group reiterated an "outperform" rating on shares of Equinor ASA in a report on Wednesday, January 13th. Four analysts have rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company's stock. Equinor ASA has an average rating of "Hold" and a consensus price target of $14.00.
EQNR stock opened at $19.67 on Thursday. The business's 50-day moving average is $17.28 and its two-hundred day moving average is $15.60. The company has a market cap of $65.67 billion, a price-to-earnings ratio of -19.48, a P/E/G ratio of 2.40 and a beta of 1.21. Equinor ASA has a fifty-two week low of $8.41 and a fifty-two week high of $20.50. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.67 and a current ratio of 1.86.
Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.09 earnings per share (EPS) for the quarter. The firm had revenue of $11.34 billion during the quarter. Equinor ASA had a negative net margin of 6.75% and a positive return on equity of 7.24%. Equities analysts predict that Equinor ASA will post 0.73 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the business. FNY Investment Advisers LLC lifted its holdings in shares of Equinor ASA by 64.1% in the 4th quarter. FNY Investment Advisers LLC now owns 365,814 shares of the company's stock worth $6,006,000 after acquiring an additional 142,916 shares during the last quarter. Mission Wealth Management LP bought a new stake in shares of Equinor ASA during the fourth quarter worth $239,000. Crossmark Global Holdings Inc. grew its holdings in shares of Equinor ASA by 10.0% in the fourth quarter. Crossmark Global Holdings Inc. now owns 78,756 shares of the company's stock worth $1,293,000 after purchasing an additional 7,138 shares during the last quarter. Van ECK Associates Corp bought a new stake in Equinor ASA during the 3rd quarter valued at about $16,664,000. Finally, Brinker Capital Investments LLC purchased a new position in shares of Equinor ASA during the third quarter worth approximately $1,218,000. 6.86% of the stock is owned by institutional investors.
Equinor ASA Company Profile
Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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