Equinor ASA (EQNR) to Release Quarterly Earnings on Wednesday

Equinor ASA (NYSE:EQNR) is expected to post its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Equinor ASA to post earnings of $0.82 per share and revenue of $24.40 billion for the quarter.

Equinor ASA Trading Down 0.6 %

Shares of NYSE:EQNR opened at $23.84 on Tuesday. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. Equinor ASA has a 12-month low of $21.85 and a 12-month high of $29.45. The firm has a fifty day moving average of $23.98 and a two-hundred day moving average of $24.91. The firm has a market capitalization of $66.57 billion, a P/E ratio of 7.31, a price-to-earnings-growth ratio of 1.31 and a beta of 0.84.

Equinor ASA Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 5.87%. Equinor ASA’s dividend payout ratio (DPR) is presently 35.58%.

Analyst Upgrades and Downgrades

EQNR has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 29th. JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Finally, Morgan Stanley raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $25.80 to $30.90 in a research report on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Equinor ASA presently has an average rating of “Moderate Buy” and a consensus price target of $29.45.

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.