GSA Capital Partners LLP Makes New Investment in Equinor ASA (NYSE:EQNR)

GSA Capital Partners LLP acquired a new position in shares of Equinor ASA (NYSE:EQNR) in the third quarter, Holdings Channel.com reports. The firm acquired 99,068 shares of the company’s stock, valued at approximately $2,509,000.

Other large investors also recently added to or reduced their stakes in the company. Crossmark Global Holdings Inc. raised its position in shares of Equinor ASA by 52.1% in the third quarter. Crossmark Global Holdings Inc. now owns 86,174 shares of the company’s stock valued at $2,183,000 after buying an additional 29,516 shares during the last quarter. Foster & Motley Inc. purchased a new stake in shares of Equinor ASA in the third quarter valued at about $407,000. Harvest Portfolios Group Inc. grew its holdings in shares of Equinor ASA by 11.7% in the third quarter. Harvest Portfolios Group Inc. now owns 62,153 shares of the company’s stock valued at $1,574,000 after purchasing an additional 6,502 shares during the period. QRG Capital Management Inc. grew its holdings in shares of Equinor ASA by 46.6% in the third quarter. QRG Capital Management Inc. now owns 77,163 shares of the company’s stock valued at $1,955,000 after purchasing an additional 24,535 shares during the period. Finally, Reston Wealth Management LLC purchased a new stake in shares of Equinor ASA in the third quarter valued at about $31,000. 5.51% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. StockNews.com raised shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Barclays raised shares of Equinor ASA to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 8th. Finally, Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price for the company in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $26.90.

Equinor ASA Trading Up 0.1 %

NYSE EQNR opened at $22.81 on Tuesday. The firm has a 50 day simple moving average of $24.87 and a 200-day simple moving average of $26.60. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. Equinor ASA has a one year low of $22.15 and a one year high of $33.63. The firm has a market cap of $63.70 billion, a price-to-earnings ratio of 6.99, a PEG ratio of 5.01 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating 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 during the quarter, compared to analyst estimates of $24.45 billion. During the same quarter last year, the firm posted $0.92 earnings per share. Equities research analysts anticipate that Equinor ASA will post 3.27 EPS 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.