Equinor ASA (NYSE:EQNR) Receives $29.45 Consensus Target Price from Analysts

Shares of Equinor ASA (NYSE:EQNR) have received a consensus recommendation of “Moderate Buy” from the nine brokerages that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $29.45.

Several research firms have recently commented on EQNR. JPMorgan Chase & Co. upgraded shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a research note on Monday, December 9th. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a research note on Wednesday, October 2nd. Finally, Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in EQNR. Reston Wealth Management LLC purchased a new position in shares of Equinor ASA during the third quarter worth $31,000. Synergy Asset Management LLC purchased a new position in Equinor ASA in the fourth quarter valued at $36,000. EverSource Wealth Advisors LLC increased its holdings in Equinor ASA by 27.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock valued at $45,000 after buying an additional 365 shares in the last quarter. R Squared Ltd purchased a new position in Equinor ASA in the fourth quarter valued at $48,000. Finally, Bruce G. Allen Investments LLC increased its holdings in Equinor ASA by 363.5% in the third quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after buying an additional 1,512 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Price Performance

Shares of EQNR opened at $23.57 on Wednesday. The company has a market cap of $65.81 billion, a price-to-earnings ratio of 7.23, a price-to-earnings-growth ratio of 1.19 and a beta of 0.84. Equinor ASA has a twelve month low of $21.85 and a twelve month high of $29.49. 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 50 day moving average of $24.03 and a two-hundred day moving average of $25.01.

Equinor ASA Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 14th. This represents a $1.40 annualized dividend and a dividend yield of 5.94%. Equinor ASA’s dividend payout ratio (DPR) is presently 35.89%.

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.