Equinor ASA (NYSE:EQNR) to Issue $0.35 Quarterly Dividend

Equinor ASA (NYSE:EQNR) announced a quarterly dividend on Monday, January 27th,Wall Street Journal reports. Investors of record on Friday, February 14th will be paid a dividend of 0.35 per share on Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.94%. The ex-dividend date is Friday, February 14th.

Equinor ASA has raised its dividend payment by an average of 34.1% annually over the last three years. Equinor ASA has a payout ratio of 45.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Equinor ASA to earn $3.49 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 40.1%.

Equinor ASA Trading Up 0.1 %

EQNR stock traded up $0.03 during trading on Tuesday, reaching $23.57. 3,250,031 shares of the stock were exchanged, compared to its average volume of 3,424,237. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The firm has a market capitalization of $65.81 billion, a price-to-earnings ratio of 7.23, a P/E/G ratio of 1.19 and a beta of 0.84. The business has a 50 day moving average price of $24.03 and a 200-day moving average price of $25.01. Equinor ASA has a 1 year low of $21.85 and a 1 year high of $29.49.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, January 21st. Berenberg Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Morgan Stanley upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $25.80 to $30.90 in a report on Tuesday, January 7th. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. Finally, Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $29.45.

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.