Equinor ASA (NYSE:EQNR) Upgraded at Berenberg Bank

Berenberg Bank upgraded shares of Equinor ASA (NYSE:EQNR) from a hold rating to a strong-buy rating in a research report report published on Wednesday,Zacks.com reports.

A number of other brokerages have also issued reports on EQNR. StockNews.com upgraded shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research report on Friday. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 8th. Citigroup raised Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target on the stock in a research report on Monday, October 14th. One research analyst has rated the stock with a sell rating, five have given a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Equinor ASA has an average rating of “Moderate Buy” and an average price target of $26.90.

Equinor ASA Trading Down 0.7 %

Shares of NYSE:EQNR opened at $24.19 on Wednesday. Equinor ASA has a fifty-two week low of $22.15 and a fifty-two week high of $32.66. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The company has a market cap of $67.56 billion, a PE ratio of 7.42, a P/E/G ratio of 5.30 and a beta of 0.84. The company’s 50-day moving average price is $24.50 and its 200 day moving average price is $26.22.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The business had revenue of $25.45 billion during the quarter, compared to analyst estimates of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same period in the prior year, the company posted $0.92 EPS. Sell-side analysts anticipate that Equinor ASA will post 3.31 earnings per share for the current year.

Institutional Investors Weigh In On Equinor ASA

Institutional investors have recently modified their holdings of the stock. Mediolanum International Funds Ltd acquired a new stake in Equinor ASA during the third quarter valued at $6,203,000. Manning & Napier Advisors LLC bought a new stake in Equinor ASA in the second quarter worth approximately $5,271,000. Commonwealth Equity Services LLC increased its position in Equinor ASA by 1,334.9% during the second quarter. Commonwealth Equity Services LLC now owns 176,993 shares of the company’s stock worth $5,055,000 after buying an additional 164,658 shares during the last quarter. Summit Global Investments raised its holdings in Equinor ASA by 290.0% during the second quarter. Summit Global Investments now owns 199,823 shares of the company’s stock valued at $5,707,000 after buying an additional 148,580 shares in the last quarter. Finally, Public Employees Retirement System of Ohio bought a new position in Equinor ASA during the third quarter valued at about $3,685,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

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.