Equinor ASA (NYSE:EQNR) Cut to “Buy” at StockNews.com

StockNews.com lowered shares of Equinor ASA (NYSE:EQNR) from a strong-buy rating to a buy rating in a research note published on Tuesday.

EQNR has been the subject of several other research reports. Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. Morgan Stanley raised Equinor ASA from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $25.80 to $30.90 in a report on Tuesday, January 7th. Finally, Citigroup raised Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.45.

Equinor ASA Trading Up 0.9 %

Equinor ASA stock opened at $24.23 on Tuesday. The stock has a 50-day simple moving average of $24.04 and a 200 day simple moving average of $25.09. The stock has a market capitalization of $67.66 billion, a P/E ratio of 7.43, a PEG ratio of 1.21 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. Equinor ASA has a 52 week low of $21.85 and a 52 week high of $29.49.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. The business had revenue of $25.45 billion for the quarter, compared to analyst estimates of $24.45 billion. During the same period in the previous year, the firm earned $0.92 EPS. Analysts expect that Equinor ASA will post 3.29 earnings per share for the current year.

Institutional Trading of Equinor ASA

Large investors have recently made changes to their positions in the company. Reston Wealth Management LLC acquired a new stake in shares of Equinor ASA in the 3rd quarter valued at $31,000. Synergy Asset Management LLC acquired a new position in Equinor ASA during the fourth quarter worth about $36,000. EverSource Wealth Advisors LLC lifted 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 worth $45,000 after acquiring an additional 365 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Equinor ASA in the 4th quarter valued at approximately $48,000. Finally, Bruce G. Allen Investments LLC boosted its stake in shares of Equinor ASA by 363.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after purchasing an additional 1,512 shares in the last quarter. 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.