Equinor ASA (NYSE:EQNR) Stock Rating Upgraded by StockNews.com

Equinor ASA (NYSE:EQNR) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Monday.

Separately, TD Cowen assumed coverage on Equinor ASA in a report on Wednesday, April 24th. They set a “hold” rating and a $28.00 price target for the company. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Equinor ASA has an average rating of “Hold” and a consensus target price of $28.25.

Equinor ASA Trading Down 2.7 %

Equinor ASA stock traded down $0.78 during trading hours on Monday, reaching $27.77. 4,831,787 shares of the company’s stock were exchanged, compared to its average volume of 3,333,333. The company has a quick ratio of 1.76, a current ratio of 1.88 and a debt-to-equity ratio of 0.48. The firm’s 50 day simple moving average is $28.06 and its 200 day simple moving average is $27.93. Equinor ASA has a twelve month low of $24.44 and a twelve month high of $34.73. The firm has a market capitalization of $81.78 billion, a PE ratio of 8.60, a PEG ratio of 3.80 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results on Thursday, April 25th. The company reported $0.96 earnings per share for the quarter, topping analysts’ consensus estimates of $0.78 by $0.18. Equinor ASA had a return on equity of 19.67% and a net margin of 9.30%. The firm had revenue of $25.14 billion during the quarter, compared to the consensus estimate of $25.03 billion. Research analysts predict that Equinor ASA will post 3.46 earnings per share for the current year.

Hedge Funds Weigh In On Equinor ASA

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Price T Rowe Associates Inc. MD lifted its position in Equinor ASA by 2,359.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,783,338 shares of the company’s stock valued at $183,354,000 after acquiring an additional 6,507,511 shares in the last quarter. Folketrygdfondet lifted its position in Equinor ASA by 0.9% in the 4th quarter. Folketrygdfondet now owns 107,959,982 shares of the company’s stock valued at $3,415,854,000 after acquiring an additional 917,330 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in Equinor ASA by 39.3% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,045,722 shares of the company’s stock valued at $33,105,000 after acquiring an additional 295,162 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Equinor ASA by 9.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,432,242 shares of the company’s stock valued at $108,596,000 after acquiring an additional 285,662 shares in the last quarter. Finally, Capital Fund Management S.A. lifted its position in Equinor ASA by 301.0% in the 4th quarter. Capital Fund Management S.A. now owns 274,743 shares of the company’s stock valued at $8,693,000 after acquiring an additional 206,234 shares in the last quarter. Institutional investors own 5.51% 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.