Analysts Set Equinor ASA (NYSE:EQNR) PT at $26.90

Shares of Equinor ASA (NYSE:EQNR) have been assigned a consensus recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $26.90.

Several equities analysts have commented on the company. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Friday. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Finally, Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th.

Institutional Investors Weigh In On Equinor ASA

Several large investors have recently bought and sold shares of the business. Reston Wealth Management LLC purchased a new stake in shares of Equinor ASA during the 3rd quarter valued at about $31,000. Rothschild Investment LLC bought a new stake in Equinor ASA in the 2nd quarter worth approximately $32,000. EverSource Wealth Advisors LLC raised its stake in Equinor ASA by 27.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after buying an additional 365 shares during the last quarter. Bruce G. Allen Investments LLC lifted its holdings in shares of Equinor ASA by 363.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after buying an additional 1,512 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Equinor ASA in the 2nd quarter worth $51,000. 5.51% of the stock is currently owned by institutional investors.

Equinor ASA Trading Up 2.6 %

Shares of EQNR opened at $25.20 on Friday. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $32.66. 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’s 50-day moving average price is $23.58 and its 200-day moving average price is $25.39. The firm has a market capitalization of $70.38 billion, a price-to-earnings ratio of 7.73, a PEG ratio of 1.20 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. The firm had revenue of $25.45 billion for the quarter, compared to the consensus estimate of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same quarter in the prior year, the business earned $0.92 EPS. Sell-side analysts anticipate that Equinor ASA will post 3.35 EPS for the current year.

Equinor ASA Company Profile

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.