Equinor ASA (NYSE:EQNR) Shares Gap Up to $27.75

Equinor ASA (NYSE:EQNR) gapped up prior to trading on Thursday . The stock had previously closed at $27.75, but opened at $28.44. Equinor ASA shares last traded at $28.39, with a volume of 411,603 shares.

Analyst Ratings Changes

EQNR has been the subject of a number of research analyst reports. TD Cowen started coverage on Equinor ASA in a research note on Wednesday, April 24th. They set a “hold” rating and a $28.00 price target for the company. StockNews.com upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Three analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Equinor ASA has a consensus rating of “Hold” and an average target price of $28.25.

Equinor ASA Stock Up 2.1 %

The stock has a market cap of $83.39 billion, a PE ratio of 8.59, a price-to-earnings-growth ratio of 3.68 and a beta of 0.83. The business has a fifty day moving average of $27.87 and a 200-day moving average of $28.07. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.88 and a quick ratio of 1.76.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Thursday, April 25th. The company reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.78 by $0.18. Equinor ASA had a return on equity of 19.67% and a net margin of 9.30%. The business had revenue of $25.14 billion during the quarter, compared to analyst estimates of $25.03 billion. Equities research analysts anticipate that Equinor ASA will post 3.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in EQNR. Folketrygdfondet lifted its position in shares of Equinor ASA by 0.9% in the 4th quarter. Folketrygdfondet now owns 107,959,982 shares of the company’s stock worth $3,415,854,000 after purchasing an additional 917,330 shares during the period. Price T Rowe Associates Inc. MD raised its stake in Equinor ASA by 2,359.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,783,338 shares of the company’s stock worth $183,354,000 after buying an additional 6,507,511 shares in the last quarter. Earnest Partners LLC lifted its holdings in Equinor ASA by 4.5% during the first quarter. Earnest Partners LLC now owns 3,865,504 shares of the company’s stock worth $104,485,000 after buying an additional 166,131 shares during the period. Goldman Sachs Group Inc. boosted its position in Equinor ASA by 9.1% during the 4th quarter. Goldman Sachs Group Inc. now owns 3,432,242 shares of the company’s stock valued at $108,596,000 after acquiring an additional 285,662 shares in the last quarter. Finally, Wellington Management Group LLP boosted its position in Equinor ASA by 5.1% during the 3rd quarter. Wellington Management Group LLP now owns 2,774,455 shares of the company’s stock valued at $90,974,000 after acquiring an additional 134,688 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

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.