Equinor ASA (NYSE:EQNR) Price Target Raised to $25.00

Equinor ASA (NYSE:EQNRGet Free Report) had its target price hoisted by equities research analysts at TD Cowen from $22.00 to $25.00 in a research report issued to clients and investors on Thursday,Finviz reports. The brokerage currently has a “hold” rating on the stock. TD Cowen’s price objective suggests a potential downside of 6.86% from the company’s current price.

Several other research analysts have also commented on EQNR. Jefferies Financial Group assumed coverage on Equinor ASA in a research report on Thursday, January 8th. They set a “hold” rating for the company. Zacks Research cut Equinor ASA from a “hold” rating to a “strong sell” rating in a report on Thursday, December 11th. Weiss Ratings upgraded shares of Equinor ASA from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Barclays reissued an “underweight” rating on shares of Equinor ASA in a research report on Friday, October 31st. Finally, DZ Bank downgraded shares of Equinor ASA from a “strong-buy” rating to a “strong sell” rating in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, eight have given a Hold rating and nine have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $24.71.

Check Out Our Latest Stock Analysis on EQNR

Equinor ASA Trading Up 1.9%

EQNR opened at $26.84 on Thursday. The stock has a market capitalization of $79.04 billion, a PE ratio of 12.72, a P/E/G ratio of 3.29 and a beta of 0.38. Equinor ASA has a one year low of $21.41 and a one year high of $28.26. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.38 and a current ratio of 1.48. The business’s 50 day moving average price is $24.02 and its 200 day moving average price is $24.28.

Equinor ASA (NYSE:EQNRGet Free Report) last posted its earnings results on Wednesday, February 4th. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.21. Equinor ASA had a return on equity of 14.34% and a net margin of 5.27%.The company had revenue of $25.30 billion for the quarter, compared to the consensus estimate of $21.31 billion. As a group, equities research analysts expect that Equinor ASA will post 3.46 EPS for the current year.

Institutional Investors Weigh In On Equinor ASA

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new stake in shares of Equinor ASA in the second quarter valued at approximately $36,000. Sound Income Strategies LLC raised its position in Equinor ASA by 119.2% in the 4th quarter. Sound Income Strategies LLC now owns 1,876 shares of the company’s stock valued at $48,000 after purchasing an additional 1,020 shares during the last quarter. New Millennium Group LLC purchased a new position in Equinor ASA during the 3rd quarter worth $57,000. MAI Capital Management grew its position in Equinor ASA by 55.6% during the 2nd quarter. MAI Capital Management now owns 2,339 shares of the company’s stock worth $59,000 after purchasing an additional 836 shares during the last quarter. Finally, CWM LLC increased its stake in Equinor ASA by 20.6% in the fourth quarter. CWM LLC now owns 3,051 shares of the company’s stock valued at $72,000 after purchasing an additional 522 shares during the period. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Trending Headlines about Equinor ASA

Here are the key news stories impacting Equinor ASA this week:

About Equinor ASA

(Get Free Report)

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.

See Also

Analyst Recommendations for Equinor ASA (NYSE:EQNR)

Receive News & Ratings for Equinor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinor ASA and related companies with MarketBeat.com's FREE daily email newsletter.