Equinor ASA (NYSE:EQNR) Declares Quarterly Dividend of $0.35

Equinor ASA (NYSE:EQNR) declared a quarterly dividend on Tuesday, July 23rd,NASDAQ Dividends reports. Investors of record on Tuesday, November 19th will be given a dividend of 0.35 per share on Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 5.84%. The ex-dividend date of this dividend is Tuesday, November 19th.

Equinor ASA has raised its dividend by an average of 15.7% per year over the last three years. Equinor ASA has a dividend payout ratio of 45.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Equinor ASA to earn $3.16 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 44.3%.

Equinor ASA Stock Performance

Shares of Equinor ASA stock opened at $23.96 on Friday. The business has a 50-day moving average price of $24.62 and a two-hundred day moving average price of $26.46. Equinor ASA has a 1-year low of $22.15 and a 1-year high of $33.24. 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 $66.92 billion, a P/E ratio of 7.35, a PEG ratio of 5.21 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last released its earnings results on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping 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 last year, the firm posted $0.92 earnings per share. As a group, analysts anticipate that Equinor ASA will post 3.31 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on EQNR shares. StockNews.com upgraded shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Barclays raised Equinor ASA to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target on the stock in a report on Monday, October 14th. Finally, Citigroup upgraded Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Equinor ASA presently has a consensus rating of “Hold” and a consensus price target of $26.90.

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.