Equinor ASA (NYSE:EQNR) PT Lowered to $28.00 at TD Cowen

Equinor ASA (NYSE:EQNR) had its price objective cut by TD Cowen from $30.00 to $28.00 in a report published on Wednesday, Benzinga reports. They currently have a hold rating on the stock.

Separately, StockNews.com upgraded Equinor ASA from a buy rating to a strong-buy rating in a report on Monday, July 8th. Three equities research analysts have rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Equinor ASA presently has a consensus rating of Hold and an average price target of $28.25.

Equinor ASA Price Performance

Shares of NYSE EQNR opened at $27.18 on Wednesday. Equinor ASA has a fifty-two week low of $24.44 and a fifty-two week high of $34.73. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.88 and a quick ratio of 1.76. The stock has a market capitalization of $80.04 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 3.62 and a beta of 0.84. The business has a 50-day moving average of $28.09 and a 200-day moving average of $27.79.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Thursday, April 25th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.78 by $0.18. Equinor ASA had a return on equity of 19.67% and a net margin of 9.30%. The company had revenue of $25.14 billion during the quarter, compared to analysts’ expectations of $25.03 billion. As a group, sell-side analysts predict that Equinor ASA will post 3.43 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equinor ASA

Hedge funds and other institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new stake in shares of Equinor ASA in the fourth quarter valued at approximately $840,000. Wellington Management Group LLP raised its position in Equinor ASA by 5.1% during the third quarter. Wellington Management Group LLP now owns 2,774,455 shares of the company’s stock valued at $90,974,000 after purchasing an additional 134,688 shares in the last quarter. Jump Financial LLC acquired a new position in Equinor ASA during the fourth quarter valued at approximately $3,541,000. Pacer Advisors Inc. raised its position in Equinor ASA by 25.2% during the fourth quarter. Pacer Advisors Inc. now owns 694,773 shares of the company’s stock valued at $21,983,000 after purchasing an additional 139,952 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in Equinor ASA by 39.3% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,045,722 shares of the company’s stock valued at $33,105,000 after purchasing an additional 295,162 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

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.