Equinor ASA (NYSE:EQNR) Upgraded by DZ Bank to Buy Rating

Equinor ASA (NYSE:EQNR) was upgraded by stock analysts at DZ Bank from a “hold” rating to a “buy” rating in a report issued on Thursday,Briefing.com Automated Import reports.

Several other equities research analysts have also recently weighed in on the company. Danske upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday. Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Nordea Equity Research raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, StockNews.com cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, two have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Equinor ASA has an average rating of “Moderate Buy” and a consensus price target of $29.45.

Equinor ASA Stock Performance

NYSE EQNR opened at $23.85 on Thursday. The stock has a market capitalization of $66.61 billion, a PE ratio of 7.32, a P/E/G ratio of 1.31 and a beta of 0.83. The business has a 50 day simple moving average of $23.97 and a two-hundred day simple moving average of $24.87. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.32.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. On average, research analysts predict that Equinor ASA will post 3.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Equinor ASA

Hedge funds have recently made changes to their positions in the business. Reston Wealth Management LLC bought a new stake in shares of Equinor ASA in the 3rd quarter worth about $31,000. Manchester Capital Management LLC bought a new stake in shares of Equinor ASA during the fourth quarter valued at approximately $33,000. Synergy Asset Management LLC bought a new stake in Equinor ASA during the fourth quarter worth approximately $36,000. R Squared Ltd bought a new stake in Equinor ASA in the fourth quarter worth about $48,000. Finally, Bruce G. Allen Investments LLC increased its holdings in shares of Equinor ASA by 363.5% in the third 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 in the last quarter. 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.