Equinor ASA (EQNR) Receives Average Rating of “Hold” from Analysts
Shares of Equinor ASA (NYSE:EQNR) have earned a consensus rating of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company.
A number of analysts recently commented on the company. Barclays raised Equinor ASA from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, September 11th. Berenberg Bank assumed coverage on Equinor ASA in a research note on Tuesday, September 11th. They issued a “hold” rating for the company. Zacks Investment Research lowered Equinor ASA from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Credit Suisse Group lowered Equinor ASA from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 19th. Finally, Sanford C. Bernstein lowered Equinor ASA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 10th.
EQNR stock traded up $0.21 on Tuesday, reaching $26.62. The company’s stock had a trading volume of 1,213,500 shares, compared to its average volume of 1,520,559. Equinor ASA has a 12-month low of $19.56 and a 12-month high of $28.06. The firm has a market capitalization of $87.86 billion, a price-to-earnings ratio of 19.33, a PEG ratio of 0.91 and a beta of 0.92. The company has a quick ratio of 1.13, a current ratio of 1.30 and a debt-to-equity ratio of 0.58.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 30th. Shareholders of record on Wednesday, August 22nd were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend was Tuesday, August 21st. Equinor ASA’s dividend payout ratio is currently 48.55%.
A number of institutional investors have recently made changes to their positions in EQNR. Bank of Montreal Can purchased a new position in Equinor ASA during the second quarter valued at $239,000. GSB Wealth Management LLC purchased a new position in Equinor ASA during the second quarter valued at $487,000. Nwam LLC purchased a new position in Equinor ASA during the second quarter valued at $337,000. Fox Run Management L.L.C. purchased a new position in Equinor ASA during the second quarter valued at $846,000. Finally, Boston Advisors LLC purchased a new position in Equinor ASA during the second quarter valued at $2,613,000. 5.18% of the stock is owned by institutional investors and hedge funds.
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 USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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