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. Stockholders of record on Tuesday, November 19th will be paid a dividend of 0.35 per share on Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 5.84%. The ex-dividend date is Tuesday, November 19th.

Equinor ASA has increased its dividend by an average of 15.7% annually over the last three years. Equinor ASA has a payout ratio of 45.6% indicating that its dividend is sufficiently covered by earnings. Research 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 Price Performance

NYSE EQNR opened at $23.96 on Monday. Equinor ASA has a 1 year low of $22.15 and a 1 year high of $33.24. The business’s fifty day moving average is $24.62 and its two-hundred day moving average is $26.46. The stock has a market capitalization of $66.92 billion, a P/E ratio of 7.35, a P/E/G ratio of 5.21 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 (NYSE:EQNR) last announced its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) 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 company 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 earnings per share. On average, research analysts forecast that Equinor ASA will post 3.31 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.