S&P 500   4,591.67
DOW   35,227.03
QQQ   386.20
S&P 500   4,591.67
DOW   35,227.03
QQQ   386.20
S&P 500   4,591.67
DOW   35,227.03
QQQ   386.20
S&P 500   4,591.67
DOW   35,227.03
QQQ   386.20

Equinor ASA (NYSE:EQNR) Given Consensus Recommendation of "Hold" by Brokerages

Last updated on Monday, November 29, 2021 | 2021 MarketBeat

Equinor ASA (NYSE:EQNR) has been given a consensus rating of "Hold" by the twenty-one brokerages that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $26.94.

EQNR has been the topic of several recent analyst reports. JPMorgan Chase & Co. restated an "underweight" rating on shares of Equinor ASA in a research report on Monday, October 11th. Deutsche Bank Aktiengesellschaft downgraded shares of Equinor ASA from a "buy" rating to a "hold" rating in a research report on Thursday, September 16th. Barclays restated an "equal weight" rating on shares of Equinor ASA in a research report on Monday, October 4th. Zacks Investment Research downgraded shares of Equinor ASA from a "strong-buy" rating to a "hold" rating and set a $26.00 price objective on the stock. in a research report on Tuesday, November 23rd. Finally, UBS Group restated a "neutral" rating on shares of Equinor ASA in a research report on Monday, November 15th.

Shares of EQNR stock opened at $24.73 on Monday. Equinor ASA has a 12-month low of $15.33 and a 12-month high of $28.30. The company has a current ratio of 1.66, a quick ratio of 1.56 and a debt-to-equity ratio of 0.82. The firm's 50 day moving average is $26.05 and its 200 day moving average is $22.98. The stock has a market capitalization of $80.28 billion, a P/E ratio of 29.09, a P/E/G ratio of 0.17 and a beta of 1.09.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Tuesday, October 26th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.62 by $0.23. Equinor ASA had a net margin of 4.04% and a return on equity of 17.98%. The company had revenue of $23.26 billion for the quarter. As a group, equities analysts predict that Equinor ASA will post 3.1 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 24th. Shareholders of record on Friday, November 12th were given a $0.18 dividend. The ex-dividend date of this dividend was Wednesday, November 10th. This represents a $0.72 annualized dividend and a yield of 2.91%. Equinor ASA's dividend payout ratio (DPR) is 61.18%.

A number of institutional investors have recently added to or reduced their stakes in EQNR. Capital Analysts LLC bought a new stake in shares of Equinor ASA in the 2nd quarter valued at about $25,000. Huntington National Bank raised its holdings in shares of Equinor ASA by 68.7% in the 2nd quarter. Huntington National Bank now owns 1,451 shares of the company's stock valued at $31,000 after purchasing an additional 591 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in shares of Equinor ASA by 220.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 1,306 shares of the company's stock worth $33,000 after acquiring an additional 899 shares in the last quarter. Advisory Services Network LLC bought a new position in shares of Equinor ASA during the 2nd quarter worth approximately $36,000. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Equinor ASA by 76.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,247 shares of the company's stock worth $47,000 after acquiring an additional 975 shares in the last quarter. 5.40% of the stock is owned by institutional investors.

Equinor ASA Company Profile

Equinor ASA engages in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It operates through the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, and Processing, and Other.

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Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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]

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