Equinor ASA (NYSE:EQNR) Short Interest Update

Equinor ASA (NYSE:EQNR) was the target of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 15,270,000 shares, an increase of 7.5% from the December 15th total of 14,200,000 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 3,540,000 shares, the short-interest ratio is presently 4.3 days.

Analyst Ratings Changes

EQNR has been the subject of a number of analyst reports. StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Morgan Stanley upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $25.80 to $30.90 in a research report on Tuesday, January 7th. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA Stock Down 0.5 %

EQNR opened at $24.94 on Tuesday. Equinor ASA has a twelve month low of $21.85 and a twelve month high of $29.49. The company has a market cap of $69.65 billion, a PE ratio of 7.65, a price-to-earnings-growth ratio of 1.31 and a beta of 0.84. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The company has a 50-day moving average price of $23.93 and a 200 day moving average price of $25.16.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The company had revenue of $25.45 billion during the quarter, compared to analysts’ expectations of $24.45 billion. During the same quarter in the prior year, the company earned $0.92 EPS. Sell-side analysts expect that Equinor ASA will post 3.36 earnings per share for the current fiscal year.

Institutional Trading of Equinor ASA

Large investors have recently bought and sold shares of the business. Reston Wealth Management LLC purchased a new stake in Equinor ASA during the 3rd quarter valued at about $31,000. EverSource Wealth Advisors LLC grew its stake in shares of Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after buying an additional 365 shares during the period. Bruce G. Allen Investments LLC grew its stake in shares of Equinor ASA by 363.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after buying an additional 1,512 shares during the period. Brooklyn Investment Group purchased a new stake in shares of Equinor ASA in the 4th quarter valued at approximately $61,000. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Equinor ASA by 12.7% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock valued at $122,000 after buying an additional 543 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Company Profile

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.