Equinor ASA (NYSE:EQNR) Downgraded by Danske

Danske cut shares of Equinor ASA (NYSE:EQNR) from a buy rating to a hold rating in a research note released on Wednesday, The Fly reports.

Several other equities research analysts have also recently weighed in on EQNR. Santander upgraded shares of Equinor ASA from an underperform rating to a hold rating in a research report on Monday, June 17th. Sanford C. Bernstein upgraded shares of Equinor ASA from a market perform rating to an outperform rating and set a $20.00 price target on the stock in a research report on Monday, July 1st. Goldman Sachs Group upgraded shares of Equinor ASA from a sell rating to a neutral rating in a research report on Thursday, August 1st. Credit Suisse Group upgraded shares of Equinor ASA from an underperform rating to an outperform rating in a research report on Wednesday, September 4th. Finally, DZ Bank upgraded shares of Equinor ASA from a hold rating to a buy rating in a research report on Friday, September 6th. Eleven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $24.77.

EQNR traded up $0.11 during trading hours on Wednesday, hitting $18.47. The company’s stock had a trading volume of 1,036,926 shares, compared to its average volume of 1,608,744. The business’s 50-day moving average price is $18.20 and its 200-day moving average price is $19.91. Equinor ASA has a 12 month low of $16.24 and a 12 month high of $28.26. The stock has a market cap of $61.67 billion, a price-to-earnings ratio of 9.14 and a beta of 0.94. 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 (NYSE:EQNR) last announced its quarterly earnings results on Thursday, July 25th. The company reported $0.34 earnings per share for the quarter, missing the 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 during the quarter. On average, analysts forecast that Equinor ASA will post 1.57 earnings per share for the current year.

A number of hedge funds have recently bought and sold shares of the business. Raymond James Trust N.A. increased its position in Equinor ASA by 6.6% during the second quarter. Raymond James Trust N.A. now owns 10,146 shares of the company’s stock valued at $200,000 after acquiring an additional 629 shares during the last quarter. Princeton Global Asset Management LLC increased its position in Equinor ASA by 1.5% during the second quarter. Princeton Global Asset Management LLC now owns 60,655 shares of the company’s stock valued at $1,200,000 after acquiring an additional 901 shares during the last quarter. LPL Financial LLC increased its position in Equinor ASA by 11.7% during the second quarter. LPL Financial LLC now owns 11,156 shares of the company’s stock valued at $221,000 after acquiring an additional 1,172 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Equinor ASA by 7.4% during the second quarter. Janney Montgomery Scott LLC now owns 18,731 shares of the company’s stock valued at $370,000 after acquiring an additional 1,297 shares during the last quarter. Finally, Confluence Investment Management LLC increased its position in Equinor ASA by 3.7% during the second quarter. Confluence Investment Management LLC now owns 39,459 shares of the company’s stock valued at $780,000 after acquiring an additional 1,395 shares during the last quarter. Institutional investors and hedge funds own 5.73% of the company’s stock.

Equinor ASA Company Profile

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.

Further Reading: Technical Indicators – What is a Golden Cross?

The Fly

Analyst Recommendations for Equinor ASA (NYSE:EQNR)

Receive News & Ratings for Equinor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinor ASA and related companies with MarketBeat.com's FREE daily email newsletter.