Jefferies Financial Group Comments on Equinor ASA’s Q1 2021 Earnings (NYSE:EQNR)


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Equinor ASA (NYSE:EQNR) – Analysts at Jefferies Financial Group boosted their Q1 2021 earnings per share (EPS) estimates for shares of Equinor ASA in a research report issued on Monday, April 12th. Jefferies Financial Group analyst G. Romeo now forecasts that the company will post earnings of $0.49 per share for the quarter, up from their previous estimate of $0.36. Jefferies Financial Group has a “Buy” rating on the stock. Jefferies Financial Group also issued estimates for Equinor ASA’s Q2 2021 earnings at $0.38 EPS, Q3 2021 earnings at $0.40 EPS, FY2021 earnings at $1.80 EPS, FY2022 earnings at $1.99 EPS and FY2023 earnings at $2.20 EPS.

A number of other analysts have also commented on EQNR. JPMorgan Chase & Co. lowered shares of Equinor ASA from an “overweight” rating to a “neutral” rating in a research report on Monday. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating and set a $22.00 price objective on the stock in a research note on Tuesday, March 16th. Deutsche Bank Aktiengesellschaft started coverage on shares of Equinor ASA in a research note on Friday, March 12th. They set a “buy” rating on the stock. Sanford C. Bernstein cut shares of Equinor ASA from an “outperform” rating to a “market perform” rating in a report on Monday, January 4th. Finally, Credit Suisse Group reissued an “outperform” rating on shares of Equinor ASA in a report on Wednesday, January 13th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the stock. Equinor ASA has an average rating of “Hold” and a consensus price target of $22.00.

Shares of NYSE:EQNR opened at $19.87 on Wednesday. The stock has a market cap of $66.34 billion, a price-to-earnings ratio of -19.67, a P/E/G ratio of 2.40 and a beta of 1.21. Equinor ASA has a one year low of $11.77 and a one year high of $20.81. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.86 and a quick ratio of 1.67. The company has a 50 day moving average of $19.68 and a 200-day moving average of $17.13.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Wednesday, February 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.36). The firm had revenue of $11.75 billion during the quarter. Equinor ASA had a negative net margin of 6.75% and a positive return on equity of 7.24%.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. United Capital Financial Advisers LLC raised its holdings in Equinor ASA by 4.6% in the 4th quarter. United Capital Financial Advisers LLC now owns 14,646 shares of the company’s stock valued at $240,000 after buying an additional 649 shares during the last quarter. Guggenheim Capital LLC raised its holdings in Equinor ASA by 3.6% in the 3rd quarter. Guggenheim Capital LLC now owns 20,998 shares of the company’s stock valued at $296,000 after buying an additional 723 shares during the last quarter. Intrust Bank NA raised its holdings in Equinor ASA by 3.5% in the 4th quarter. Intrust Bank NA now owns 25,194 shares of the company’s stock valued at $414,000 after buying an additional 849 shares during the last quarter. WealthTrust Axiom LLC raised its holdings in Equinor ASA by 2.6% in the 1st quarter. WealthTrust Axiom LLC now owns 39,469 shares of the company’s stock valued at $768,000 after buying an additional 1,000 shares during the last quarter. Finally, Comerica Bank raised its holdings in Equinor ASA by 0.5% in the 4th quarter. Comerica Bank now owns 230,465 shares of the company’s stock valued at $4,436,000 after buying an additional 1,092 shares during the last quarter. Institutional investors and hedge funds own 6.86% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 26th. Investors of record on Friday, February 12th were issued a $0.11 dividend. This represents a $0.44 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Thursday, February 11th. This is a positive change from Equinor ASA’s previous quarterly dividend of $0.09. Equinor ASA’s dividend payout ratio (DPR) is 20.95%.

Equinor ASA Company Profile

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Earnings History and Estimates for Equinor ASA (NYSE:EQNR)

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