Equinor ASA (NYSE:EQNR) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Equinor ASA (NYSE:EQNR) from an underweight rating to a neutral rating in a research report sent to investors on Monday, The Fly reports.

Other research analysts also recently issued reports about the company. HSBC upgraded Equinor ASA from a hold rating to a buy rating in a research note on Friday, May 31st. Zacks Investment Research upgraded Equinor ASA from a strong sell rating to a hold rating in a research note on Monday, August 19th. Sanford C. Bernstein upgraded Equinor ASA from a market perform rating to an outperform rating and set a $20.00 target price for the company in a research note on Monday, July 1st. Banco Santander upgraded Equinor ASA to a hold rating in a research note on Monday, June 17th. Finally, DZ Bank upgraded Equinor ASA from a hold rating to a buy rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $24.77.

Shares of NYSE EQNR opened at $20.08 on Monday. The company has a current ratio of 1.43, a quick ratio of 1.25 and a debt-to-equity ratio of 0.58. Equinor ASA has a 12 month low of $16.24 and a 12 month high of $28.93. The stock has a 50 day moving average of $17.52 and a 200-day moving average of $20.15. The company has a market capitalization of $67.01 billion, a P/E ratio of 9.94 and a beta of 0.93.



Equinor ASA (NYSE:EQNR) last issued its earnings results on Thursday, July 25th. The company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.07). Equinor ASA had a return on equity of 14.13% and a net margin of 10.94%. The business had revenue of $17.10 billion for the quarter. Analysts predict that Equinor ASA will post 1.56 EPS for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC lifted its holdings in Equinor ASA by 7.4% during the 2nd quarter. Janney Montgomery Scott LLC now owns 18,731 shares of the company’s stock worth $370,000 after purchasing an additional 1,297 shares during the last quarter. NumerixS Investment Technologies Inc lifted its holdings in Equinor ASA by 73.7% during the 1st quarter. NumerixS Investment Technologies Inc now owns 13,200 shares of the company’s stock worth $290,000 after purchasing an additional 5,600 shares during the last quarter. Jennison Associates LLC lifted its holdings in Equinor ASA by 0.3% during the 2nd quarter. Jennison Associates LLC now owns 680,884 shares of the company’s stock worth $13,468,000 after purchasing an additional 2,360 shares during the last quarter. Stevens Capital Management LP lifted its holdings in Equinor ASA by 62.3% during the 2nd quarter. Stevens Capital Management LP now owns 102,225 shares of the company’s stock worth $2,022,000 after purchasing an additional 39,221 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in Equinor ASA by 14.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 101,377 shares of the company’s stock worth $2,005,000 after purchasing an additional 13,081 shares during the last quarter. 5.73% of the stock is owned by institutional investors and hedge funds.

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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