Equinor ASA (NYSE:EQNR) Releases Earnings Results, Beats Estimates By $0.03 EPS

Equinor ASA (NYSE:EQNR) issued its earnings results on Wednesday. The company reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03, Yahoo Finance reports. Equinor ASA had a return on equity of 19.67% and a net margin of 9.30%. The business had revenue of $25.54 billion during the quarter, compared to analyst estimates of $25.93 billion. During the same period in the prior year, the company posted $0.74 earnings per share.

Equinor ASA Trading Down 0.3 %

Shares of NYSE EQNR traded down $0.07 during midday trading on Thursday, hitting $25.98. The stock had a trading volume of 3,160,757 shares, compared to its average volume of 3,282,050. The company’s 50-day simple moving average is $27.80 and its 200 day simple moving average is $27.50. The firm has a market cap of $72.56 billion, a P/E ratio of 8.04, a price-to-earnings-growth ratio of 3.59 and a beta of 0.84. Equinor ASA has a fifty-two week low of $24.44 and a fifty-two week high of $34.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.88 and a quick ratio of 1.76.

Equinor ASA Cuts Dividend

The company also recently announced a — dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Monday, August 19th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a dividend yield of 4.1%. Equinor ASA’s dividend payout ratio (DPR) is currently 35.60%.

Analyst Ratings Changes

EQNR has been the subject of a number of research analyst reports. TD Cowen cut their target price on shares of Equinor ASA from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, July 10th. StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $28.25.

About Equinor ASA

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.