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.
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
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