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

Equinor ASA (NYSE:EQNR) was downgraded by equities research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a note issued to investors on Thursday.

A number of other equities research analysts have also recently commented on the stock. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 8th. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Barclays upgraded Equinor ASA to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target for the company in a research note on Monday, October 14th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.90.

Equinor ASA Stock Performance

Shares of NYSE EQNR traded up $0.36 during midday trading on Thursday, hitting $24.91. 4,160,944 shares of the stock traded hands, compared to its average volume of 3,423,274. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. The firm has a market capitalization of $69.55 billion, a P/E ratio of 7.64, a PEG ratio of 5.15 and a beta of 0.84. The firm has a 50-day moving average of $24.59 and a two-hundred day moving average of $26.39. Equinor ASA has a one year low of $22.15 and a one year high of $33.24.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.05. The business had revenue of $25.45 billion for the quarter, compared to the consensus estimate of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same period last year, the firm earned $0.92 earnings per share. On average, equities analysts forecast that Equinor ASA will post 3.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Atwood & Palmer Inc. bought a new position in shares of Equinor ASA in the 2nd quarter valued at about $25,000. Rothschild Investment LLC bought a new position in shares of Equinor ASA in the 2nd quarter valued at about $32,000. Reston Wealth Management LLC bought a new position in shares of Equinor ASA in the 3rd quarter valued at about $31,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after acquiring an additional 365 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in Equinor ASA in the second quarter worth about $51,000. 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.