Equinor ASA (NYSE:EQNR) Sets New 1-Year Low – Should You Sell?

Equinor ASA (NYSE:EQNR)’s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $22.12 and last traded at $22.13, with a volume of 1040745 shares trading hands. The stock had previously closed at $22.68.

Analyst Ratings Changes

Several brokerages recently commented on EQNR. Citigroup raised Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target on the stock in a research note on Monday, October 14th. Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Finally, StockNews.com lowered Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $26.90.

Equinor ASA Stock Down 3.5 %

The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The business has a 50 day simple moving average of $24.00 and a 200 day simple moving average of $25.77. The stock has a market cap of $61.11 billion, a PE ratio of 6.71, a P/E/G ratio of 1.20 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. The business had revenue of $25.45 billion during the quarter, compared to analysts’ expectations of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same quarter in the previous year, the business posted $0.92 EPS. On average, equities research analysts forecast that Equinor ASA will post 3.35 EPS for the current fiscal year.

Hedge Funds Weigh In On Equinor ASA

Several institutional investors have recently bought and sold shares of EQNR. Reston Wealth Management LLC bought a new position in Equinor ASA in the 3rd quarter worth $31,000. Rothschild Investment LLC bought a new stake in Equinor ASA in the 2nd quarter valued at $32,000. EverSource Wealth Advisors LLC raised its position in shares of Equinor ASA by 27.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after buying an additional 365 shares during the last quarter. Bruce G. Allen Investments LLC lifted its stake in shares of Equinor ASA by 363.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after buying an additional 1,512 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Equinor ASA during the second quarter worth about $51,000. 5.51% of the stock is currently owned by institutional investors.

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.