Equinor ASA (NYSE:EQNR) Releases Earnings Results, Misses Estimates By $0.19 EPS

Equinor ASA (NYSE:EQNR) released its earnings results on Wednesday. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19), Zacks reports. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%.

Equinor ASA Stock Performance

Shares of EQNR stock traded down $0.34 on Thursday, hitting $23.11. The company had a trading volume of 6,168,979 shares, compared to its average volume of 3,766,891. The firm has a market cap of $64.55 billion, a P/E ratio of 7.09, a price-to-earnings-growth ratio of 1.31 and a beta of 0.83. The company has a 50-day moving average price of $23.97 and a 200-day moving average price of $24.87. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. Equinor ASA has a twelve month low of $21.85 and a twelve month high of $29.32.

Equinor ASA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.40 annualized dividend and a dividend yield of 6.06%. Equinor ASA’s dividend payout ratio (DPR) is presently 35.89%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. DZ Bank upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a report on Wednesday, November 20th. Morgan Stanley upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $25.80 to $30.90 in a report on Tuesday, January 7th. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Finally, StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $29.45.

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.