Equinor ASA (NYSE:EQNR) to Issue $0.35 Quarterly Dividend

Equinor ASA (NYSE:EQNR) declared 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 is Tuesday, November 19th.

Equinor ASA has raised its dividend payment by an average of 15.7% annually over the last three years. Equinor ASA has a payout ratio of 45.6% meaning its dividend is sufficiently covered by earnings. Equities 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 Friday. The stock has a market cap of $66.92 billion, a price-to-earnings ratio of 7.35, a PEG ratio of 5.21 and a beta of 0.84. Equinor ASA has a 1 year low of $22.15 and a 1 year high of $33.24. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The stock has a fifty day moving average price of $24.62 and a 200 day moving average price of $26.46.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The firm 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 quarter last year, the firm earned $0.92 earnings per share. Analysts forecast that Equinor ASA will post 3.31 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.