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.
Read More: What is the LIBOR?
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Featured Article: Trading on Margin 7 Stocks That Cathie Wood is Buying And You Should Too
If you’re an investor that likes to go with the “hot hand,” then they don’t get much hotter than Cathie Wood. The founder and CEO of ARK Investment Management delivered returns of over 100% in all five of her firm’s exchange-traded funds (ETFs) in 2020.
The names of her funds showcase some of the hottest emerging growth trends in the market: financial technology (fintech), genomic revolution, innovation, autonomous technology/robotics, and next generation internet.
As you would expect, these funds contain some of the hottest growth stocks from the past year. And in the aftermath of the tech selloff, Wood is not backing away. In fact, she’s doubling down on her strategy. It might not be exactly a matter of being greedy while others are fearful; perhaps more like being prepared while others are distracted.
But the other thing about Wood’s selections is that many of them are not obscure names. These are companies that were among the hottest names in 2020. Wood simply believes that they still have room to run. And that’s one reason you should consider making them a part of your portfolio.
In this special presentation, we’re giving you just seven of the stocks that Cathie Wood is buying or has bought recently. We’ve attempted to pick out at least one stock from each of the ARK ETFs. As with any investment decision, it’s important that you perform your own research before making a decision.
View the "7 Stocks That Cathie Wood is Buying And You Should Too"