Berenberg Bank Begins Coverage on Equinor ASA (EQNR)

Share on StockTwits

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.

Featured Article: Book Value Of Equity Per Share – BVPS Explained

Analyst Recommendations for Equinor ASA (NYSE:EQNR)

Receive News & Ratings for Equinor ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Equinor ASA and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

MSC Industrial Direct  Upgraded to Buy at Zacks Investment Research
MSC Industrial Direct Upgraded to Buy at Zacks Investment Research
Vident Investment Advisory LLC Invests $202,000 in LSC Communications Inc  Stock
Vident Investment Advisory LLC Invests $202,000 in LSC Communications Inc Stock
LKQ Co.  Holdings Reduced by Verition Fund Management LLC
LKQ Co. Holdings Reduced by Verition Fund Management LLC
Kite Realty Group Trust  Shares Bought by Verition Fund Management LLC
Kite Realty Group Trust Shares Bought by Verition Fund Management LLC
Stock Traders Purchase Large Volume of Put Options on Johnson Controls International
Stock Traders Purchase Large Volume of Put Options on Johnson Controls International
Investors Purchase High Volume of Call Options on Toronto-Dominion Bank
Investors Purchase High Volume of Call Options on Toronto-Dominion Bank


Leave a Reply

 
© 2006-2018 Zolmax.