Equinor ASA (EQNR) to Release Quarterly Earnings on Thursday

Equinor ASA (NYSE:EQNR) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Equinor ASA to post earnings of $0.75 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Wednesday, July 24th. The company reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.81 by $0.03. The company had revenue of $25.54 billion during the quarter, compared to analyst estimates of $25.93 billion. Equinor ASA had a net margin of 9.11% and a return on equity of 20.65%. During the same quarter last year, the business posted $0.74 EPS. On average, analysts expect Equinor ASA to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Equinor ASA Stock Performance

EQNR stock opened at $24.34 on Tuesday. The company has a quick ratio of 1.43, a current ratio of 1.53 and a debt-to-equity ratio of 0.53. Equinor ASA has a 12 month low of $23.95 and a 12 month high of $34.21. The firm has a 50 day moving average of $25.79 and a two-hundred day moving average of $26.96. The company has a market capitalization of $67.96 billion, a price-to-earnings ratio of 7.42, a P/E/G ratio of 2.22 and a beta of 0.83.

Equinor ASA Cuts Dividend

The company also recently declared a — dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 19th were issued a dividend of $0.35 per share. This represents a yield of 4.1%. The ex-dividend date of this dividend was Monday, August 19th. Equinor ASA’s dividend payout ratio (DPR) is 36.28%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Citigroup raised Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. TD Cowen lowered their price target on Equinor ASA from $30.00 to $28.00 and set a “hold” rating on the stock in a research report on Wednesday, July 10th. StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Thursday, August 29th. Finally, Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective on the stock in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.90.

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.