Equinor ASA - EQNR Stock Forecast, Price & News

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 in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments. The company also transports, processes, manufactures, markets, and trades in oil and gas commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; markets and trades in electricity and emission rights; operates refineries, terminals and processing, and power plants; and develops low carbon solutions for oil and gas. In addition, it develops wind, and carbon capture and storage projects, as well as offers other renewable energy. As of December 31, 2021, the company had proved oil and gas reserves of 5,356 million barrels of oil equivalent. Equinor ASA has collaboration agreements with Vårgrønn; and RWE Renewables and Hydro REIN. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.

Analyst Ratings Changes

EQNR has been the subject of several analyst reports. Societe Generale downgraded Equinor ASA from a "buy" rating to a "hold" rating in a research note on Friday, May 20th. Credit Suisse Group initiated coverage on Equinor ASA in a research note on Thursday, June 9th. They set a "neutral" rating for the company. JPMorgan Chase & Co. upped their price objective on Equinor ASA from 350.00 to 380.00 in a research note on Friday, July 15th. Jefferies Financial Group downgraded Equinor ASA from a "buy" rating to a "hold" rating in a research note on Friday, May 13th. They noted that the move was a valuation call. Finally, UBS Group upped their price objective on Equinor ASA from 315.00 to 330.00 and gave the company a "neutral" rating in a research note on Thursday, May 5th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $243.67.

Equinor ASA Price Performance

Shares of EQNR traded up $0.66 on Friday, reaching $36.41. The stock had a trading volume of 1,906,393 shares, compared to its average volume of 2,659,593. The firm has a market capitalization of $118.20 billion, a PE ratio of 7.22, a PEG ratio of 0.12 and a beta of 1.00. The company has a quick ratio of 1.49, a current ratio of 1.60 and a debt-to-equity ratio of 0.64. The firm has a 50-day moving average of $35.15 and a 200 day moving average of $34.19. Equinor ASA has a twelve month low of $19.70 and a twelve month high of $39.15.

Equinor ASA (NYSE:EQNR - Get Rating) last released its quarterly earnings results on Wednesday, July 27th. The company reported $1.56 earnings per share for the quarter, topping analysts' consensus estimates of $1.44 by $0.12. The business had revenue of $36.39 billion for the quarter, compared to analysts' expectations of $50.49 billion. Equinor ASA had a return on equity of 43.24% and a net margin of 12.66%. Sell-side analysts expect that Equinor ASA will post 6.14 EPS for the current year.

Equinor ASA Announces Dividend

The business also recently announced a None dividend, which will be paid on Friday, August 26th. Investors of record on Friday, August 12th will be paid a $0.345 dividend. This represents a yield of 1.9%. The ex-dividend date of this dividend is Thursday, August 11th. Equinor ASA's payout ratio is currently 11.51%.