Equinor ASA (NYSE:EQNR) Stock Rating Upgraded by Societe Generale

Equinor ASA (NYSE:EQNR) was upgraded by investment analysts at Societe Generale from a “hold” rating to a “buy” rating in a research report issued on Friday, Marketbeat.com reports.

A number of other research analysts also recently commented on the company. Redburn Partners upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, May 13th. Danske downgraded Equinor ASA from a “hold” rating to a “sell” rating in a research report on Wednesday, April 29th. Jefferies Financial Group reiterated a “hold” rating on shares of Equinor ASA in a research report on Thursday, July 16th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Equinor ASA in a research report on Wednesday, July 15th. Finally, Royal Bank of Canada reiterated a “sector perform” rating on shares of Equinor ASA in a research report on Monday, July 27th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the stock. Equinor ASA currently has a consensus rating of “Hold” and an average target price of $17.00.

Equinor ASA stock traded down $0.12 during mid-day trading on Friday, hitting $14.91. The company had a trading volume of 4,934,462 shares, compared to its average volume of 3,415,555. The company has a current ratio of 1.76, a quick ratio of 1.12 and a debt-to-equity ratio of 0.89. The stock’s 50 day moving average price is $14.88 and its two-hundred day moving average price is $14.91. Equinor ASA has a 12 month low of $8.41 and a 12 month high of $21.04. The company has a market capitalization of $49.78 billion, a PE ratio of -21.61, a price-to-earnings-growth ratio of 6.17 and a beta of 1.12.

Equinor ASA (NYSE:EQNR) last released its earnings results on Thursday, May 7th. The company reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.01. The business had revenue of $15.07 billion for the quarter. Equinor ASA had a positive return on equity of 9.01% and a negative net margin of 4.30%. Equities research analysts anticipate that Equinor ASA will post 0.44 EPS for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of EQNR. Comerica Bank grew its position in Equinor ASA by 1.3% during the second quarter. Comerica Bank now owns 262,852 shares of the company’s stock valued at $3,987,000 after buying an additional 3,259 shares during the period. Altium Wealth Management LLC boosted its stake in shares of Equinor ASA by 40.0% during the 2nd quarter. Altium Wealth Management LLC now owns 37,387 shares of the company’s stock worth $541,000 after acquiring an additional 10,688 shares in the last quarter. Pacer Advisors Inc. purchased a new stake in shares of Equinor ASA during the 2nd quarter worth about $2,429,000. Atlas Capital Advisors LLC purchased a new stake in shares of Equinor ASA during the 2nd quarter worth about $327,000. Finally, JustInvest LLC purchased a new stake in shares of Equinor ASA during the 2nd quarter worth about $168,000. Hedge funds and other institutional investors own 6.72% 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 Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

Further Reading: Return On Assets

Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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