Equinor ASA (NYSE:EQNR) Receives $28.25 Average Target Price from Analysts

Shares of Equinor ASA (NYSE:EQNR) have received a consensus recommendation of “Reduce” from the eight research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among analysts that have covered the stock in the last year is $28.25.

Several research analysts have recently issued reports on EQNR shares. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $26.40 to $28.50 in a research note on Tuesday, February 20th. DZ Bank downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. TD Cowen assumed coverage on shares of Equinor ASA in a research note on Wednesday. They set a “hold” rating and a $28.00 price objective for the company. Finally, StockNews.com upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd.

Equinor ASA Trading Down 0.1 %

Shares of Equinor ASA stock opened at $27.10 on Monday. The company has a 50-day moving average of $26.52 and a two-hundred day moving average of $29.59. Equinor ASA has a 12-month low of $24.44 and a 12-month high of $34.73. The company has a current ratio of 1.71, a quick ratio of 1.60 and a debt-to-equity ratio of 0.51. The stock has a market cap of $84.59 billion, a PE ratio of 6.93 and a beta of 0.85.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, February 7th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.44). The firm had revenue of $29.05 billion during the quarter, compared to analysts’ expectations of $27.35 billion. Equinor ASA had a net margin of 11.09% and a return on equity of 20.32%. On average, research analysts anticipate that Equinor ASA will post 3.26 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Thursday, May 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend is Wednesday, May 15th. Equinor ASA’s dividend payout ratio (DPR) is currently 25.06%.

Hedge Funds Weigh In On Equinor ASA

A number of large investors have recently modified their holdings of EQNR. Ronald Blue Trust Inc. increased its position 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 worth $97,000 after acquiring an additional 409 shares in the last quarter. Ritholtz Wealth Management purchased a new position in Equinor ASA in the third quarter valued at about $236,000. Ballentine Partners LLC lifted its stake in shares of Equinor ASA by 27.6% during the third quarter. Ballentine Partners LLC now owns 11,023 shares of the company’s stock worth $361,000 after purchasing an additional 2,382 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in shares of Equinor ASA by 18.4% in the third quarter. Commonwealth Equity Services LLC now owns 14,714 shares of the company’s stock worth $482,000 after buying an additional 2,291 shares during the period. Finally, Hexagon Capital Partners LLC grew its stake in shares of Equinor ASA by 44.2% in the third quarter. Hexagon Capital Partners LLC now owns 4,297 shares of the company’s stock valued at $141,000 after buying an additional 1,317 shares in the last quarter. 5.51% of the stock is currently owned by hedge funds and other institutional investors.

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.