Equinor ASA (NYSE:EQNR) Posts Quarterly Earnings Results, Misses Expectations By $0.19 EPS

Equinor ASA (NYSE:EQNR) released its quarterly earnings data on Wednesday. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.19), Zacks reports. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%.

Equinor ASA Price Performance

NYSE EQNR traded up $0.61 during trading on Friday, hitting $23.67. 3,325,506 shares of the company’s stock were exchanged, compared to its average volume of 3,992,145. Equinor ASA has a fifty-two week low of $21.85 and a fifty-two week high of $29.32. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The company has a market cap of $66.09 billion, a PE ratio of 7.26, a P/E/G ratio of 1.31 and a beta of 0.83. The stock’s 50 day moving average price is $23.94 and its two-hundred day moving average price is $24.85.

Equinor ASA Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.40 annualized dividend and a yield of 5.92%. Equinor ASA’s dividend payout ratio is currently 37.30%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on EQNR. Royal Bank of Canada restated a “sector perform” rating on shares of Equinor ASA in a research note on Thursday. DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Danske raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday. Finally, Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $29.45.

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.