Equinor ASA (NYSE:EQNR) Given Consensus Rating of “Reduce” by Brokerages

Shares of Equinor ASA (NYSE:EQNR) have received an average rating of “Reduce” from the eight research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $28.25.

Several analysts recently issued reports on the stock. TD Cowen dropped their price objective on shares of Equinor ASA from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday. StockNews.com raised shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Monday.

Institutional Trading of Equinor ASA

Several hedge funds have recently made changes to their positions in the company. Peapack Gladstone Financial Corp grew its stake in shares of Equinor ASA by 3.8% in the 4th quarter. Peapack Gladstone Financial Corp now owns 10,936 shares of the company’s stock valued at $345,000 after buying an additional 400 shares during the period. Daiwa Securities Group Inc. grew its stake in shares of Equinor ASA by 1.3% in the 4th quarter. Daiwa Securities Group Inc. now owns 37,489 shares of the company’s stock valued at $1,186,000 after buying an additional 481 shares during the period. Balentine LLC grew its stake in shares of Equinor ASA by 7.6% in the 4th quarter. Balentine LLC now owns 7,507 shares of the company’s stock valued at $238,000 after buying an additional 527 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of 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 buying an additional 629 shares during the period. Finally, CWM LLC grew its stake in shares of Equinor ASA by 29.6% in the 2nd quarter. CWM LLC now owns 2,823 shares of the company’s stock valued at $81,000 after buying an additional 645 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Down 2.5 %

EQNR opened at $26.71 on Friday. Equinor ASA has a twelve month low of $24.44 and a twelve month high of $34.73. The company has a quick ratio of 1.76, a current ratio of 1.88 and a debt-to-equity ratio of 0.48. The company has a 50-day moving average price of $28.10 and a 200 day moving average price of $27.86. The company has a market cap of $78.64 billion, a PE ratio of 8.27, a price-to-earnings-growth ratio of 3.70 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Thursday, April 25th. The company reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.18. Equinor ASA had a net margin of 9.30% and a return on equity of 19.67%. The firm had revenue of $25.14 billion during the quarter, compared to the consensus estimate of $25.03 billion. Sell-side analysts expect that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

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.