Short Interest in Equinor ASA (NYSE:EQNR) Drops By 7.5%

Equinor ASA (NYSE:EQNR) was the recipient of a large decline in short interest in November. As of November 30th, there was short interest totalling 14,370,000 shares, a decline of 7.5% from the November 15th total of 15,530,000 shares. Based on an average trading volume of 3,880,000 shares, the short-interest ratio is currently 3.7 days. Approximately 0.5% of the company’s stock are short sold.

Analyst Ratings Changes

Several equities analysts recently commented on the company. Morgan Stanley raised Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target on the stock in a research report on Monday, October 14th. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Citigroup raised Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Finally, Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.90.

Institutional Trading of Equinor ASA

Several large investors have recently made changes to their positions in EQNR. Reston Wealth Management LLC bought a new stake in Equinor ASA during the 3rd quarter valued at approximately $31,000. Rothschild Investment LLC acquired a new position in shares of Equinor ASA in the 2nd quarter worth approximately $32,000. EverSource Wealth Advisors LLC raised its holdings in shares of Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after buying an additional 365 shares in the last quarter. Bruce G. Allen Investments LLC increased its holdings in Equinor ASA by 363.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after purchasing an additional 1,512 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Equinor ASA during the 2nd quarter valued at $51,000. Institutional investors own 5.51% of the company’s stock.

Equinor ASA Price Performance

Shares of Equinor ASA stock traded down $0.84 during trading on Monday, hitting $22.35. The stock had a trading volume of 2,760,179 shares, compared to its average volume of 3,375,485. Equinor ASA has a fifty-two week low of $22.15 and a fifty-two week high of $32.66. The firm has a market cap of $62.42 billion, a P/E ratio of 6.87, a PEG ratio of 1.20 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The business has a fifty day moving average of $24.13 and a two-hundred day moving average of $25.86.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.05. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. The firm had revenue of $25.45 billion for the quarter, compared to analyst estimates of $24.45 billion. During the same period in the previous year, the firm earned $0.92 earnings per share. On average, sell-side analysts expect that Equinor ASA will post 3.35 earnings per share for the current fiscal year.

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.