Equinor ASA (NYSE:EQNR) Raised to Hold at Barclays

Barclays upgraded shares of Equinor ASA (NYSE:EQNR) to a hold rating in a research note released on Wednesday morning, Zacks.com reports.

Other equities analysts have also recently issued reports about the company. TD Cowen lowered their price target on Equinor ASA from $30.00 to $28.00 and set a hold rating for the company in a report on Wednesday, July 10th. StockNews.com cut Equinor ASA from a strong-buy rating to a buy rating in a report on Thursday, August 29th. UBS Group upgraded Equinor ASA from a sell rating to a neutral rating in a report on Thursday, August 8th. Finally, Morgan Stanley cut Equinor ASA from an equal weight rating to an underweight rating and lowered their target price for the company from $30.50 to $25.80 in a report on Thursday, August 29th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Equinor ASA has a consensus rating of Hold and a consensus price target of $26.90.

Equinor ASA Stock Performance

NYSE EQNR opened at $27.13 on Wednesday. The stock has a market cap of $79.88 billion, a PE ratio of 8.40, a P/E/G ratio of 3.45 and a beta of 0.83. The company has a current ratio of 1.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.53. Equinor ASA has a twelve month low of $24.02 and a twelve month high of $34.73. The stock has a fifty day simple moving average of $26.12 and a 200-day simple moving average of $27.13.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Wednesday, July 24th. The company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.81 by $0.03. The business had revenue of $25.54 billion during the quarter, compared to analysts’ expectations of $25.93 billion. Equinor ASA had a return on equity of 20.65% and a net margin of 9.11%. During the same period in the prior year, the business posted $0.74 EPS. Equities analysts anticipate that Equinor ASA will post 3.3 earnings per share for the current year.

Equinor ASA Cuts Dividend

The business also recently disclosed a — dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 19th were paid a $0.35 dividend. This represents a dividend yield of 4.1%. The ex-dividend date of this dividend was Monday, August 19th. Equinor ASA’s payout ratio is presently 43.34%.

Institutional Investors Weigh In On Equinor ASA

Several hedge funds and other institutional investors have recently made changes to their positions in EQNR. Atwood & Palmer Inc. acquired a new stake in shares of Equinor ASA during the 2nd quarter worth about $25,000. Rothschild Investment LLC acquired a new position in Equinor ASA during the second quarter worth approximately $32,000. EverSource Wealth Advisors LLC increased its position in Equinor ASA by 27.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after buying an additional 365 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in Equinor ASA during the second quarter worth approximately $51,000. Finally, GAMMA Investing LLC increased its position in Equinor ASA by 44.8% during the second quarter. GAMMA Investing LLC now owns 2,142 shares of the company’s stock worth $61,000 after buying an additional 663 shares during the period. Institutional investors and hedge funds 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.