StockNews.com Upgrades Equinor ASA (NYSE:EQNR) to “Strong-Buy”

Equinor ASA (NYSE:EQNR) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Friday.

A number of other brokerages also recently issued reports on EQNR. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. JPMorgan Chase & Co. upgraded shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Berenberg Bank upgraded Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Citigroup upgraded Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Finally, Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Equinor ASA currently has a consensus rating of “Moderate Buy” and a consensus price target of $26.90.

Equinor ASA Trading Up 0.2 %

Equinor ASA stock opened at $22.29 on Friday. The business has a 50-day simple moving average of $23.81 and a two-hundred day simple moving average of $25.66. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $32.66. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The company has a market cap of $62.25 billion, a P/E ratio of 6.84, a P/E/G ratio of 1.20 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The business had revenue of $25.45 billion for the quarter, compared to the consensus estimate of $24.45 billion. During the same period last year, the firm earned $0.92 earnings per share. Analysts predict that Equinor ASA will post 3.35 EPS for the current year.

Institutional Trading of Equinor ASA

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

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.