Parametrica Management Ltd Makes New Investment in Equinor ASA (NYSE:EQNR)

Parametrica Management Ltd acquired a new position in shares of Equinor ASA (NYSE:EQNR) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 28,568 shares of the company’s stock, valued at approximately $724,000. Equinor ASA comprises about 0.9% of Parametrica Management Ltd’s investment portfolio, making the stock its 26th biggest position.

Other hedge funds have also recently bought and sold shares of the company. Atwood & Palmer Inc. acquired a new stake in shares of Equinor ASA in the second quarter valued at approximately $25,000. Reston Wealth Management LLC bought a new position in Equinor ASA in the third quarter valued at approximately $31,000. Rothschild Investment LLC bought a new stake in shares of Equinor ASA during the second quarter worth $32,000. EverSource Wealth Advisors LLC grew its stake in shares of Equinor ASA by 27.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after buying an additional 365 shares during the last quarter. Finally, Bruce G. Allen Investments LLC grew its stake in shares of Equinor ASA by 363.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock worth $49,000 after buying an additional 1,512 shares during the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EQNR has been the topic of a number of research reports. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 8th. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective on the stock in a research note on Monday, October 14th. StockNews.com raised shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Finally, Barclays raised shares of Equinor ASA to a “hold” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.90.

Equinor ASA Trading Down 0.8 %

EQNR stock traded down $0.19 during midday trading on Wednesday, hitting $22.33. The stock had a trading volume of 788,535 shares, compared to its average volume of 3,357,701. The firm has a market cap of $62.36 billion, a P/E ratio of 6.91, a price-to-earnings-growth ratio of 4.96 and a beta of 0.84. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. Equinor ASA has a 1-year low of $22.15 and a 1-year high of $33.24. The business has a fifty day moving average price of $24.72 and a two-hundred day moving average price of $26.53.

Equinor ASA (NYSE:EQNR) last released its earnings results 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. The business had revenue of $25.45 billion for the quarter, compared to analyst estimates of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same quarter in the previous year, the business earned $0.92 earnings per share. On average, sell-side analysts predict that Equinor ASA will post 3.31 earnings per share for the current fiscal year.

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.