Analysts Set Equinor ASA (NYSE:EQNR) Price Target at $29.45

Shares of Equinor ASA (NYSE:EQNR) have received an average recommendation of “Moderate Buy” from the fifteen ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, nine have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $28.10.

EQNR has been the subject of a number of research analyst reports. DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Nordea Equity Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. Finally, Hsbc Global Res upgraded shares of Equinor ASA to a “strong-buy” rating in a report on Monday, February 10th.

Hedge Funds Weigh In On Equinor ASA

A number of large investors have recently modified their holdings of EQNR. Manchester Capital Management LLC bought a new position in shares of Equinor ASA in the fourth quarter valued at approximately $33,000. GeoWealth Management LLC boosted its position in shares of Equinor ASA by 254.5% in the fourth quarter. GeoWealth Management LLC now owns 1,372 shares of the company’s stock valued at $33,000 after acquiring an additional 985 shares during the period. Synergy Asset Management LLC bought a new position in shares of Equinor ASA in the fourth quarter valued at approximately $36,000. R Squared Ltd bought a new position in shares of Equinor ASA in the fourth quarter valued at approximately $48,000. Finally, Bessemer Group Inc. boosted its position in shares of Equinor ASA by 1,009.8% in the fourth quarter. Bessemer Group Inc. now owns 2,497 shares of the company’s stock valued at $60,000 after acquiring an additional 2,272 shares during the period. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Stock Up 1.9 %

Equinor ASA stock opened at $25.18 on Thursday. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.32. The firm has a market capitalization of $70.33 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 0.58 and a beta of 0.79. The firm’s fifty day moving average price is $23.89 and its two-hundred day moving average price is $24.17. The company has a current ratio of 1.48, a quick ratio of 1.36 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. On average, equities research analysts predict that Equinor ASA will post 3.46 earnings per share for the current fiscal year.

Equinor ASA Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were paid a $0.35 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.40 annualized dividend and a dividend yield of 5.56%. Equinor ASA’s payout ratio is 37.30%.

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.