Equinor ASA (NYSE:EQNR) Upgraded at StockNews.com

StockNews.com upgraded shares of Equinor ASA (NYSE:EQNR) from a buy rating to a strong-buy rating in a research report sent to investors on Monday morning.

A number of other equities research analysts have also recently commented on the company. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Morgan Stanley upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $25.80 to $30.90 in a research note on Tuesday, January 7th. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA Trading Up 0.6 %

Shares of NYSE EQNR opened at $25.67 on Monday. The stock has a market cap of $71.69 billion, a P/E ratio of 7.87, a price-to-earnings-growth ratio of 1.31 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. Equinor ASA has a 1 year low of $21.85 and a 1 year high of $29.75. The firm has a 50-day moving average of $23.77 and a 200 day moving average of $25.23.

Equinor ASA (NYSE:EQNR) last released its earnings results on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. The firm had revenue of $25.45 billion during the quarter, compared to analyst estimates of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same period last year, the business earned $0.92 earnings per share. As a group, sell-side analysts expect that Equinor ASA will post 3.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Mediolanum International Funds Ltd purchased a new stake in Equinor ASA in the third quarter worth approximately $6,203,000. Public Employees Retirement System of Ohio bought a new stake in shares of Equinor ASA in the third quarter worth $3,685,000. Wellington Management Group LLP increased its position in Equinor ASA by 3.7% during the third quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock valued at $95,019,000 after acquiring an additional 132,157 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in Equinor ASA during the third quarter valued at $2,509,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Equinor ASA in the third quarter valued at about $2,305,000. 5.51% of the stock is owned by hedge funds and other institutional investors.

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.