Equinor ASA (NYSE:EQNR) Receives $26.90 Average Target Price from Analysts

Equinor ASA (NYSE:EQNR) has received a consensus rating of “Reduce” from the nine ratings firms that are covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $26.90.

EQNR has been the subject of a number of recent research reports. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price for the company in a research note on Monday, October 14th. Barclays raised Equinor ASA to a “hold” rating in a research note on Wednesday, October 2nd. StockNews.com raised Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Citigroup raised Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 8th.

Equinor ASA Trading Up 4.5 %

Shares of EQNR stock opened at $23.68 on Friday. The stock’s fifty day moving average is $24.67 and its two-hundred day moving average is $26.50. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. The firm has a market capitalization of $66.13 billion, a P/E ratio of 7.26, a PEG ratio of 4.93 and a beta of 0.84. Equinor ASA has a fifty-two week low of $22.15 and a fifty-two week high of $33.24.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, beating 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 quarter last year, the firm posted $0.92 EPS. Research analysts expect that Equinor ASA will post 3.31 earnings per share for the current fiscal year.

Institutional Trading of Equinor ASA

A number of hedge funds and other institutional investors have recently modified their holdings of EQNR. Atwood & Palmer Inc. acquired a new position in Equinor ASA in the 2nd quarter valued at about $25,000. Reston Wealth Management LLC acquired a new position in Equinor ASA in the 3rd quarter valued at about $31,000. Rothschild Investment LLC acquired a new position in Equinor ASA in the 2nd quarter valued at about $32,000. EverSource Wealth Advisors LLC grew its position in Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after acquiring an additional 365 shares in the last quarter. Finally, Bruce G. Allen Investments LLC grew its position in Equinor ASA by 363.5% in the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after acquiring an additional 1,512 shares in the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

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.