Equinor ASA (NYSE:EQNR) Rating Increased to Hold at Barclays

Equinor ASA (NYSE:EQNR) was upgraded by equities researchers at Barclays to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

A number of other equities analysts have also recently weighed in on EQNR. Morgan Stanley cut shares of Equinor ASA from an “equal weight” rating to an “underweight” rating and reduced their price objective for the stock from $30.50 to $25.80 in a research report on Thursday, August 29th. UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. StockNews.com cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 29th. Finally, TD Cowen reduced their price objective on shares of Equinor ASA from $30.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, July 10th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Equinor ASA has an average rating of “Hold” and an average target price of $26.90.

Equinor ASA Stock Performance

EQNR opened at $26.75 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.53 and a quick ratio of 1.43. The firm has a fifty day moving average price of $26.10 and a 200 day moving average price of $27.12. Equinor ASA has a 1 year low of $24.02 and a 1 year high of $34.73. The stock has a market cap of $78.77 billion, a P/E ratio of 8.28, a P/E/G ratio of 3.45 and a beta of 0.83.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Wednesday, July 24th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $25.54 billion during the quarter, compared to analysts’ expectations of $25.93 billion. Equinor ASA had a net margin of 9.11% and a return on equity of 20.65%. During the same period in the prior year, the business posted $0.74 earnings per share. Equities research analysts anticipate that Equinor ASA will post 3.3 earnings per share for the current year.

Institutional Investors Weigh In On Equinor ASA

Hedge funds have recently modified their holdings of the business. EverSource Wealth Advisors LLC grew its holdings in shares of Equinor ASA by 27.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after purchasing an additional 365 shares during the period. Peapack Gladstone Financial Corp grew its holdings in shares of Equinor ASA by 3.8% in the fourth quarter. Peapack Gladstone Financial Corp now owns 10,936 shares of the company’s stock valued at $345,000 after purchasing an additional 400 shares during the period. Crossmark Global Holdings Inc. grew its holdings in shares of Equinor ASA by 0.7% in the second quarter. Crossmark Global Holdings Inc. now owns 56,658 shares of the company’s stock valued at $1,618,000 after purchasing an additional 402 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Equinor ASA by 2.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 16,810 shares of the company’s stock valued at $480,000 after purchasing an additional 440 shares during the period. Finally, Profund Advisors LLC grew its holdings in shares of Equinor ASA by 3.0% in the second quarter. Profund Advisors LLC now owns 19,260 shares of the company’s stock valued at $550,000 after purchasing an additional 559 shares during the period. 5.51% of the stock is currently owned by institutional investors and hedge funds.

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.