Equinor ASA (NYSE:EQNR) Releases Earnings Results, Misses Estimates By $0.19 EPS

Equinor ASA (NYSE:EQNR) released its quarterly earnings results on Wednesday. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.19), Zacks reports. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%.

Equinor ASA Stock Up 2.6 %

Shares of Equinor ASA stock traded up $0.61 on Friday, reaching $23.67. 3,325,506 shares of the company were exchanged, compared to its average volume of 3,992,145. The company has a market cap of $66.09 billion, a P/E ratio of 7.26, a price-to-earnings-growth ratio of 1.31 and a beta of 0.83. The stock’s 50 day moving average price is $23.94 and its 200-day moving average price is $24.85. 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 $29.32.

Equinor ASA Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, February 14th will be issued a $0.35 dividend. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.40 annualized dividend and a dividend yield of 5.92%. Equinor ASA’s dividend payout ratio is currently 37.30%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on EQNR shares. StockNews.com downgraded Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. JPMorgan Chase & Co. upgraded shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Morgan Stanley upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $25.80 to $30.90 in a research note on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Equinor ASA has a consensus rating of “Moderate Buy” and a consensus target price of $29.45.

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.