Berenberg Bank assumed coverage on shares of Equinor ASA (NYSE:EQNR) in a research note issued to investors on Tuesday morning, Marketbeat reports. The brokerage issued a hold rating on the stock.
Several other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Equinor ASA from a buy rating to a hold rating in a research note on Wednesday, August 1st. Credit Suisse Group downgraded Equinor ASA from an outperform rating to a neutral rating in a research note on Thursday, July 19th. Sanford C. Bernstein downgraded Equinor ASA from an outperform rating to a market perform rating in a research note on Tuesday, July 10th. Macquarie raised Equinor ASA from a neutral rating to an outperform rating in a research note on Tuesday, July 3rd. Finally, Jefferies Financial Group raised Equinor ASA from an underperform rating to a hold rating in a research note on Monday, June 11th. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. Equinor ASA has a consensus rating of Hold and an average target price of $29.00.
Shares of EQNR stock opened at $26.52 on Tuesday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.13. The company has a market cap of $87.60 billion, a PE ratio of 19.22, a price-to-earnings-growth ratio of 0.91 and a beta of 0.92. Equinor ASA has a 1-year low of $19.34 and a 1-year high of $28.06.
Equinor ASA (NYSE:EQNR) last announced its earnings results on Thursday, July 26th. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.09. The business had revenue of $18.14 billion during the quarter. Equinor ASA had a return on equity of 13.09% and a net margin of 6.69%. sell-side analysts forecast that Equinor ASA will post 1.87 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 30th. Investors of record on Wednesday, August 22nd were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 3.47%. The ex-dividend date of this dividend was Tuesday, August 21st. Equinor ASA’s payout ratio is 48.55%.
Institutional investors and hedge funds have recently modified their holdings of the stock. Proficio Capital Partners LLC purchased a new stake in shares of Equinor ASA during the second quarter worth approximately $118,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Equinor ASA during the second quarter worth approximately $156,000. Baker Ellis Asset Management LLC purchased a new stake in shares of Equinor ASA during the second quarter worth approximately $161,000. Hall Laurie J Trustee purchased a new stake in shares of Equinor ASA during the second quarter worth approximately $162,000. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of Equinor ASA during the second quarter worth approximately $163,000. Hedge funds and other institutional investors own 5.18% of the company’s stock.
Equinor ASA Company Profile
Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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