Equinor ASA (NYSE:EQNR) Given Underweight Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. reiterated their underweight rating on shares of Equinor ASA (NYSE:EQNR) in a report issued on Thursday morning, The Fly reports.

Other research analysts have also issued reports about the stock. Morgan Stanley reissued an equal weight rating on shares of Equinor ASA in a research note on Monday, July 19th. Zacks Investment Research lowered shares of Equinor ASA from a buy rating to a hold rating and set a $21.00 target price on the stock. in a research note on Monday, August 23rd. Deutsche Bank Aktiengesellschaft lowered shares of Equinor ASA from a buy rating to a hold rating in a research note on Thursday, September 16th. HSBC set a $19.76 price objective on shares of Equinor ASA and gave the company a hold rating in a research note on Thursday, July 22nd. Finally, Barclays reaffirmed an equal weight rating on shares of Equinor ASA in a research note on Wednesday, June 16th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $25.69.

EQNR opened at $24.07 on Thursday. Equinor ASA has a twelve month low of $12.11 and a twelve month high of $24.66. The company has a quick ratio of 1.59, a current ratio of 1.70 and a debt-to-equity ratio of 0.83. The company has a fifty day moving average of $21.25 and a 200-day moving average of $20.95. The stock has a market cap of $78.14 billion, a PE ratio of -104.65, a price-to-earnings-growth ratio of 0.17 and a beta of 1.26.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Wednesday, July 28th. The company reported $0.49 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.48 by $0.01. Equinor ASA had a negative net margin of 1.34% and a positive return on equity of 11.24%. The company had revenue of $17.46 billion during the quarter. Sell-side analysts anticipate that Equinor ASA will post 2.65 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 27th. Investors of record on Thursday, August 12th were paid a dividend of $0.18 per share. The ex-dividend date of this dividend was Wednesday, August 11th. This represents a $0.72 annualized dividend and a yield of 2.99%. This is a boost from Equinor ASA’s previous quarterly dividend of $0.12. Equinor ASA’s payout ratio is currently 159.26%.

A number of institutional investors have recently made changes to their positions in EQNR. Bank of America Corp DE lifted its position in Equinor ASA by 43.0% during the second quarter. Bank of America Corp DE now owns 8,480,028 shares of the company’s stock valued at $179,776,000 after purchasing an additional 2,548,646 shares during the last quarter. Optiver Holding B.V. bought a new stake in Equinor ASA during the first quarter valued at approximately $30,204,000. Bank of Montreal Can lifted its position in Equinor ASA by 15,962.5% during the second quarter. Bank of Montreal Can now owns 1,396,155 shares of the company’s stock valued at $29,598,000 after purchasing an additional 1,387,463 shares during the last quarter. BlackRock Inc. lifted its position in Equinor ASA by 20.5% during the second quarter. BlackRock Inc. now owns 7,345,824 shares of the company’s stock valued at $155,732,000 after purchasing an additional 1,248,613 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Equinor ASA by 118.5% during the second quarter. Van ECK Associates Corp now owns 2,107,710 shares of the company’s stock valued at $44,683,000 after purchasing an additional 1,143,210 shares during the last quarter. Institutional investors and hedge funds own 5.40% of the company’s stock.

Equinor ASA Company Profile

Equinor ASA engages in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It operates through the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, and Processing, and Other.

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Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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