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.
Equinor ASA Stock Performance
NYSE:EQNR opened at $37.43 on Thursday. Equinor ASA has a 12-month low of $19.70 and a 12-month high of $39.15. 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 market capitalization of $121.51 billion, a PE ratio of 7.43, a price-to-earnings-growth ratio of 0.12 and a beta of 1.00. The firm has a 50-day moving average price of $35.12 and a 200 day moving average price of $34.31.
Equinor ASA (NYSE:EQNR - Get Rating) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $1.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.44 by $0.12. Equinor ASA had a net margin of 12.66% and a return on equity of 43.24%. The firm had revenue of $36.39 billion during the quarter, compared to analyst estimates of $50.49 billion. Research analysts anticipate that Equinor ASA will post 6.09 earnings per share for the current fiscal year.
Equinor ASA Dividend Announcement
The company also recently disclosed a None dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be paid a dividend of $0.345 per share. The ex-dividend date is Thursday, August 11th. This represents a yield of 1.9%. Equinor ASA's dividend payout ratio is 11.51%.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on EQNR shares. JPMorgan Chase & Co. upped their price objective on shares of Equinor ASA from 350.00 to 380.00 in a report on Friday, July 15th. DNB Markets raised shares of Equinor ASA from a "hold" rating to a "buy" rating in a research report on Wednesday, May 18th. StockNews.com lowered shares of Equinor ASA from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 7th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Equinor ASA from 314.00 to 354.00 and gave the stock a "hold" rating in a research report on Wednesday, July 6th. Finally, Royal Bank of Canada lowered shares of Equinor ASA from an "outperform" rating to a "sector perform" rating and boosted their target price for the stock from $320.00 to $330.00 in a research report on Monday, May 9th. Four analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, Equinor ASA currently has a consensus rating of "Hold" and an average price target of $243.67.