Equinor ASA (NYSE:EQNR) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS

Equinor ASA (NYSE:EQNR) announced its quarterly earnings data on Friday. The company reported $0.92 earnings per share for the quarter, missing the consensus estimate of $0.97 by ($0.05), reports. Equinor ASA had a return on equity of 26.64% and a net margin of 15.28%. The business had revenue of $26.02 billion for the quarter, compared to the consensus estimate of $54.12 billion.

Equinor ASA Trading Up 1.9 %

NYSE EQNR opened at $33.59 on Monday. The business has a 50 day simple moving average of $32.37 and a 200 day simple moving average of $30.26. Equinor ASA has a one year low of $25.23 and a one year high of $38.83. The stock has a market capitalization of $104.87 billion, a P/E ratio of 6.06, a P/E/G ratio of 1.11 and a beta of 0.97. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.84 and a quick ratio of 1.73.

Equinor ASA Increases Dividend

The firm also recently announced a — dividend, which will be paid on Tuesday, November 28th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.90 per share. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a yield of 2.6%. This is a boost from Equinor ASA’s previous — dividend of $0.60. Equinor ASA’s dividend payout ratio (DPR) is currently 20.94%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on EQNR. StockNews.com began coverage on Equinor ASA in a research report on Thursday, October 5th. They set a “buy” rating for the company. Royal Bank of Canada upgraded Equinor ASA from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, August 9th. Berenberg Bank downgraded Equinor ASA from a “hold” rating to a “sell” rating in a research report on Wednesday, July 19th. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating in a research report on Friday, September 1st. Finally, The Goldman Sachs Group downgraded Equinor ASA from a “neutral” rating to a “sell” rating in a research report on Thursday, October 5th. Four equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold”.

Institutional Investors Weigh In On Equinor ASA

Several large investors have recently added to or reduced their stakes in EQNR. Ronald Blue Trust Inc. lifted its holdings in shares of Equinor ASA by 16.0% in the third quarter. Ronald Blue Trust Inc. now owns 2,971 shares of the company’s stock valued at $97,000 after purchasing an additional 409 shares in the last quarter. Checchi Capital Advisers LLC lifted its holdings in shares of Equinor ASA by 1.4% in the second quarter. Checchi Capital Advisers LLC now owns 29,949 shares of the company’s stock valued at $875,000 after purchasing an additional 425 shares in the last quarter. Captrust Financial Advisors lifted its holdings in shares of Equinor ASA by 4.4% in the third quarter. Captrust Financial Advisors now owns 10,172 shares of the company’s stock valued at $337,000 after purchasing an additional 427 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of Equinor ASA by 18.5% in the first quarter. Belpointe Asset Management LLC now owns 2,844 shares of the company’s stock valued at $81,000 after purchasing an additional 443 shares in the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in shares of Equinor ASA by 4.6% in the second quarter. Quadrant Capital Group LLC now owns 10,317 shares of the company’s stock valued at $301,000 after purchasing an additional 458 shares in the last quarter. Institutional investors and hedge funds own 5.38% of the company’s stock.

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.