According to Zacks, “Equinor ASA operates as an energy company. It engaged in developing oil, gas, wind and solar energy projects and focuses on offshore operations and exploration services. Equinor ASA, formerly known as Statoil ASA, is based in Norway, Europe. “
A number of other research analysts have also recently weighed in on the company. HSBC cut Zurich Insurance Group from a buy rating to a hold rating in a report on Friday, May 31st. Santander upgraded ENI from a hold rating to a buy rating in a report on Monday, June 17th. ValuEngine cut W&T Offshore from a hold rating to a sell rating in a report on Friday, April 26th. Banco Santander upgraded Equinor ASA to a hold rating in a report on Monday, June 17th. Finally, Sanford C. Bernstein upgraded Equinor ASA from a market perform rating to an outperform rating and set a $20.00 target price on the stock in a report on Monday, July 1st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $24.77.
Equinor ASA (NYSE:EQNR) last issued its earnings results on Friday, May 3rd. The company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. Equinor ASA had a return on equity of 15.79% and a net margin of 10.46%. The firm had revenue of $16.41 billion for the quarter. As a group, analysts predict that Equinor ASA will post 1.61 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently modified their holdings of the business. Janney Montgomery Scott LLC lifted its stake in shares of Equinor ASA by 2.8% during the first quarter. Janney Montgomery Scott LLC now owns 17,434 shares of the company’s stock worth $383,000 after purchasing an additional 481 shares in the last quarter. Private Capital Group LLC lifted its stake in shares of Equinor ASA by 27.0% during the first quarter. Private Capital Group LLC now owns 2,640 shares of the company’s stock worth $58,000 after purchasing an additional 561 shares in the last quarter. Raymond James Trust N.A. lifted its stake in shares of Equinor ASA by 6.6% during the second quarter. Raymond James Trust N.A. now owns 10,146 shares of the company’s stock worth $200,000 after purchasing an additional 629 shares in the last quarter. BTIM Corp. lifted its stake in shares of Equinor ASA by 0.7% during the first quarter. BTIM Corp. now owns 93,710 shares of the company’s stock worth $2,059,000 after purchasing an additional 675 shares in the last quarter. Finally, BOKF NA acquired a new position in shares of Equinor ASA during the fourth quarter worth about $35,000. Institutional investors own 5.51% of the company’s stock.
About Equinor ASA
Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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