Equinor ASA (NYSE:EQNR) Upgraded at StockNews.com

Equinor ASA (NYSE:EQNR) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Monday.

EQNR has been the subject of a number of other research reports. Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. Finally, Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Equinor ASA presently has an average rating of “Moderate Buy” and a consensus price target of $29.45.

Equinor ASA Stock Performance

Shares of NYSE:EQNR traded up $0.51 during midday trading on Monday, hitting $25.78. The company had a trading volume of 2,635,833 shares, compared to its average volume of 3,179,759. The company has a fifty day moving average of $23.74 and a two-hundred day moving average of $25.25. Equinor ASA has a 12-month low of $21.85 and a 12-month high of $29.75. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The company has a market cap of $72.00 billion, a price-to-earnings ratio of 7.91, a PEG ratio of 1.20 and a beta of 0.84.

Equinor ASA (NYSE:EQNR) last announced 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 company had revenue of $25.45 billion during the quarter, compared to the consensus estimate 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 previous year, the company posted $0.92 EPS. On average, equities research analysts expect that Equinor ASA will post 3.35 EPS for the current fiscal year.

Institutional Investors Weigh In On Equinor ASA

Large investors have recently modified their holdings of the business. Reston Wealth Management LLC acquired a new stake in Equinor ASA in the third quarter worth about $31,000. EverSource Wealth Advisors LLC increased its stake in shares of Equinor ASA by 27.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after acquiring an additional 365 shares during the period. Bruce G. Allen Investments LLC raised its holdings in shares of Equinor ASA by 363.5% during the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock worth $49,000 after purchasing an additional 1,512 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in Equinor ASA by 12.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock valued at $122,000 after purchasing an additional 543 shares during the period. Finally, Clearbridge Investments LLC purchased a new stake in Equinor ASA in the second quarter valued at $205,000. Institutional investors 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.