Equinor ASA (NYSE:EQNR) Coverage Initiated at TD Cowen

TD Cowen started coverage on shares of Equinor ASA (NYSE:EQNR) in a research report issued to clients and investors on Wednesday, Marketbeat reports. The firm set a “hold” rating and a $28.00 price target on the stock. TD Cowen’s price objective suggests a potential upside of 0.57% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. StockNews.com upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Friday, March 22nd. Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $26.40 to $28.50 in a report on Tuesday, February 20th. Finally, DZ Bank downgraded Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, February 8th. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $28.25.

Equinor ASA Trading Up 2.7 %

Shares of EQNR stock opened at $27.84 on Wednesday. Equinor ASA has a 1 year low of $24.44 and a 1 year high of $34.73. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.71 and a quick ratio of 1.60. The stock’s 50 day simple moving average is $26.58 and its two-hundred day simple moving average is $29.57. The company has a market cap of $86.91 billion, a PE ratio of 7.12, a price-to-earnings-growth ratio of 7.91 and a beta of 0.85.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.64 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.44). Equinor ASA had a net margin of 11.09% and a return on equity of 20.32%. The company had revenue of $29.05 billion for the quarter, compared to analysts’ expectations of $27.35 billion. Research analysts predict that Equinor ASA will post 3.33 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its stake in Equinor ASA by 5.1% in the third quarter. Wellington Management Group LLP now owns 2,774,455 shares of the company’s stock worth $90,974,000 after purchasing an additional 134,688 shares in the last quarter. Pacer Advisors Inc. grew its stake in Equinor ASA by 25.2% in the fourth quarter. Pacer Advisors Inc. now owns 694,773 shares of the company’s stock worth $21,983,000 after purchasing an additional 139,952 shares in the last quarter. FMR LLC grew its stake in Equinor ASA by 4.5% in the third quarter. FMR LLC now owns 10,284,862 shares of the company’s stock worth $337,241,000 after purchasing an additional 444,435 shares in the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in Equinor ASA by 89.3% in the third quarter. Vanguard Personalized Indexing Management LLC now owns 45,293 shares of the company’s stock worth $1,485,000 after purchasing an additional 21,361 shares in the last quarter. Finally, HighTower Advisors LLC boosted its position in Equinor ASA by 61.8% during the 3rd quarter. HighTower Advisors LLC now owns 258,710 shares of the company’s stock valued at $8,469,000 after acquiring an additional 98,786 shares in the last quarter. Institutional investors own 5.51% of the company’s stock.

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.