Equinor ASA (NYSE:EQNR) Rating Increased to Buy at HSBC

HSBC upgraded shares of Equinor ASA (NYSE:EQNR) from a hold rating to a buy rating in a report released on Monday, Marketbeat reports.

A number of other research analysts also recently weighed in on the company. Nordea Equity Research raised Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, February 6th. DZ Bank raised Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Finally, Pareto Securities raised Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Equinor ASA currently has an average rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA Stock Down 5.7 %

Shares of NYSE:EQNR opened at $23.26 on Monday. The company has a market capitalization of $64.96 billion, a price-to-earnings ratio of 7.48, a P/E/G ratio of 1.27 and a beta of 0.83. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The business’s 50-day moving average is $23.94 and its 200-day moving average is $24.79. Equinor ASA has a 1 year low of $21.85 and a 1 year high of $29.32.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. Equities research analysts predict that Equinor ASA will post 3.38 earnings per share for the current year.

Equinor ASA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend is Friday, February 14th. Equinor ASA’s dividend payout ratio is currently 37.62%.

Institutional Trading of Equinor ASA

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Reston Wealth Management LLC bought a new position in shares of Equinor ASA in the third quarter valued at approximately $31,000. Manchester Capital Management LLC bought a new position in shares of Equinor ASA in the fourth quarter valued at approximately $33,000. Synergy Asset Management LLC bought a new position in shares of Equinor ASA in the fourth quarter valued at approximately $36,000. R Squared Ltd bought a new position in shares of Equinor ASA in the fourth quarter valued at approximately $48,000. Finally, Brooklyn Investment Group bought a new position in shares of Equinor ASA in the fourth quarter valued at approximately $61,000. 5.51% of the stock is owned by institutional investors.

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.