Equinor ASA (NYSE:EQNR) Plans $0.35 Quarterly Dividend

Equinor ASA (NYSE:EQNR) announced a quarterly dividend on Tuesday, July 23rd,NASDAQ Dividends reports. Stockholders of record on Tuesday, November 19th will be paid a dividend of 0.35 per share on Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date of this dividend is Tuesday, November 19th.

Equinor ASA has increased its dividend payment by an average of 15.7% annually over the last three years. Equinor ASA has a dividend payout ratio of 45.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Equinor ASA to earn $3.16 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 44.3%.

Equinor ASA Price Performance

EQNR opened at $23.96 on Monday. The company has a 50 day moving average of $24.62 and a two-hundred day moving average of $26.46. Equinor ASA has a 52-week low of $22.15 and a 52-week high of $33.24. 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 $66.92 billion, a P/E ratio of 7.35, a P/E/G ratio of 5.21 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last released its earnings results on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. The company had revenue of $25.45 billion during the quarter, compared to analysts’ expectations of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same period in the prior year, the business posted $0.92 EPS. On average, analysts expect that Equinor ASA will post 3.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

EQNR has been the subject of several research analyst reports. StockNews.com raised shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Barclays upgraded Equinor ASA to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group raised Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective on the stock in a research report on Monday, October 14th. Finally, Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Two investment analysts have rated the stock with a sell rating, six have assigned 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 presently has an average rating of “Hold” and an average target price of $26.90.

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.