Equinor ASA (NYSE:EQNR) Shares Gap Up to $27.10

Equinor ASA (NYSE:EQNR - Get Free Report)'s stock price gapped up prior to trading on Thursday . The stock had previously closed at $27.10, but opened at $28.22. Equinor ASA shares last traded at $27.68, with a volume of 6,236,258 shares trading hands.

Analyst Ratings Changes

EQNR has been the subject of several analyst reports. TD Cowen initiated coverage on shares of Equinor ASA in a research note on Wednesday. They issued a "hold" rating and a $28.00 price objective for the company. DZ Bank lowered shares of Equinor ASA from a "buy" rating to a "hold" rating in a research note on Thursday, February 8th. StockNews.com upgraded shares of Equinor ASA from a "hold" rating to a "buy" rating in a research note on Friday, March 22nd. Finally, Morgan Stanley upgraded shares of Equinor ASA from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $26.40 to $28.50 in a research note on Tuesday, February 20th. Three analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Equinor ASA has an average rating of "Hold" and a consensus price target of $28.25.

Equinor ASA Stock Performance

The company's 50 day moving average price is $26.58 and its 200-day moving average price is $29.57. The company has a market cap of $86.91 billion, a PE ratio of 7.12, a price-to-earnings-growth ratio of 7.91 and a beta of 0.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.60 and a current ratio of 1.71.

Equinor ASA (NYSE:EQNR - Get Free Report) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.44). The business had revenue of $29.05 billion during the quarter, compared to the consensus estimate of $27.35 billion. Equinor ASA had a return on equity of 20.32% and a net margin of 11.09%. Equities research analysts anticipate that Equinor ASA will post 3.33 earnings per share for the current fiscal year.

Equinor ASA Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Thursday, May 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 4.31%. The ex-dividend date is Wednesday, May 15th. Equinor ASA's dividend payout ratio (DPR) is presently 29.16%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Principal Securities Inc. bought a new position in Equinor ASA in the 4th quarter valued at $30,000. EverSource Wealth Advisors LLC boosted its holdings in Equinor ASA by 136.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the company's stock valued at $34,000 after purchasing an additional 629 shares during the period. Avalon Trust Co bought a new position in Equinor ASA in the 4th quarter valued at $41,000. Princeton Global Asset Management LLC bought a new position in Equinor ASA in the 4th quarter valued at $43,000. Finally, SRS Capital Advisors Inc. lifted its holdings in shares of Equinor ASA by 558.9% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,331 shares of the company's stock worth $44,000 after acquiring an additional 1,129 shares during the last quarter. 5.51% of the stock is owned by institutional investors.

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.