Equinor ASA (NYSE:EQNR)'s stock had its "hold" rating reissued by Kepler Capital Markets in a research note issued to investors on Thursday, Benzinga reports.
A number of other equities research analysts also recently commented on the stock. Nordea Equity Research raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Thursday, April 22nd. JPMorgan Chase & Co. lowered Equinor ASA from an "overweight" rating to a "neutral" rating in a report on Monday, April 12th. They noted that the move was a valuation call. Credit Suisse Group reaffirmed an "outperform" rating on shares of Equinor ASA in a research note on Friday, April 30th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Equinor ASA in a research note on Tuesday, April 20th. Finally, Barclays reaffirmed an "equal weight" rating on shares of Equinor ASA in a research note on Friday, April 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the stock. Equinor ASA has a consensus rating of "Hold" and an average price target of $23.00.
Shares of NYSE:EQNR traded down $0.07 during trading on Thursday, reaching $20.91. The company's stock had a trading volume of 8,408 shares, compared to its average volume of 3,460,146. The stock has a market capitalization of $69.81 billion, a PE ratio of -20.77, a price-to-earnings-growth ratio of 2.40 and a beta of 1.21. The firm's 50 day simple moving average is $19.74 and its two-hundred day simple moving average is $17.70. The company has a current ratio of 1.86, a quick ratio of 1.67 and a debt-to-equity ratio of 0.94. Equinor ASA has a 12 month low of $12.11 and a 12 month high of $21.40.
Equinor ASA (NYSE:EQNR) last posted its earnings results on Wednesday, February 10th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.36). Equinor ASA had a positive return on equity of 7.24% and a negative net margin of 6.75%. The firm had revenue of $11.75 billion during the quarter. Research analysts anticipate that Equinor ASA will post 0.73 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the company. Asset Dedication LLC acquired a new stake in shares of Equinor ASA in the first quarter valued at about $29,000. Financial Management Professionals Inc. increased its holdings in Equinor ASA by 2,078.4% during the first quarter. Financial Management Professionals Inc. now owns 2,113 shares of the company's stock valued at $41,000 after buying an additional 2,016 shares during the period. Private Capital Group LLC raised its position in shares of Equinor ASA by 444.3% in the fourth quarter. Private Capital Group LLC now owns 2,308 shares of the company's stock worth $38,000 after acquiring an additional 1,884 shares during the period. Arkadios Wealth Advisors grew its stake in Equinor ASA by 139.6% during the 1st quarter. Arkadios Wealth Advisors now owns 2,736 shares of the company's stock valued at $53,000 after acquiring an additional 1,594 shares in the last quarter. Finally, Inspire Advisors LLC acquired a new position in shares of Equinor ASA in the 4th quarter worth approximately $74,000. Hedge funds and other institutional investors own 6.86% 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 petroleum-derived products, and other forms of energy, as well as other businesses in Norway and internationally. The company operates in five segments: Exploration Norway; Exploration & Production (E&P) International; E&P USA; Marketing, Midstream & Processing; and Other.
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