Brokerages Set Equinor ASA (NYSE:EQNR) PT at $39.20

Equinor ASA (NYSE:EQNR) has been assigned a consensus recommendation of “Hold” from the fourteen analysts that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, ten have issued a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $39.20.

Several analysts have recently weighed in on the stock. Rothschild & Co Redburn raised shares of Equinor ASA from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 9th. Wall Street Zen raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research cut Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Weiss Ratings upgraded Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a research report on Thursday, July 23rd. Finally, Royal Bank Of Canada raised Equinor ASA from an “underperform” rating to a “sector perform” rating in a research note on Thursday, July 23rd.

Institutional Trading of Equinor ASA

A number of hedge funds and other institutional investors have recently modified their holdings of EQNR. Arrowstreet Capital Limited Partnership lifted its stake in Equinor ASA by 599.3% during the first quarter. Arrowstreet Capital Limited Partnership now owns 12,966,671 shares of the company’s stock worth $547,194,000 after purchasing an additional 11,112,362 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Equinor ASA by 30.2% in the third quarter. Bank of America Corp DE now owns 15,759,942 shares of the company’s stock valued at $384,227,000 after buying an additional 3,659,611 shares in the last quarter. DV Equities LLC acquired a new stake in shares of Equinor ASA in the fourth quarter valued at $16,217,000. Voloridge Investment Management LLC lifted its stake in Equinor ASA by 143.2% during the 4th quarter. Voloridge Investment Management LLC now owns 880,931 shares of the company’s stock worth $20,816,000 after acquiring an additional 518,646 shares in the last quarter. Finally, Morgan Stanley lifted its stake in Equinor ASA by 5.6% during the 4th quarter. Morgan Stanley now owns 9,250,933 shares of the company’s stock worth $218,600,000 after acquiring an additional 493,801 shares in the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA Trading Down 0.4%

Shares of EQNR opened at $38.31 on Friday. The company has a current ratio of 1.18, a quick ratio of 1.10 and a debt-to-equity ratio of 0.56. Equinor ASA has a 12-month low of $22.26 and a 12-month high of $43.46. The firm has a 50-day moving average price of $35.62 and a 200 day moving average price of $34.25. The firm has a market capitalization of $112.81 billion, a P/E ratio of 10.44, a P/E/G ratio of 2.55 and a beta of 0.06.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Tuesday, July 21st. The company reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.39 by ($0.06). Equinor ASA had a return on equity of 23.60% and a net margin of 7.92%.The firm had revenue of $34.02 billion for the quarter, compared to analyst estimates of $34.03 billion. Sell-side analysts forecast that Equinor ASA will post 4.9 EPS for the current year.

Equinor ASA Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Monday, November 16th. Equinor ASA’s dividend payout ratio is 34.88%.

About Equinor ASA

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.