Equinor ASA (NYSE:EQNR) Upgraded at HSBC

HSBC upgraded shares of Equinor ASA (NYSE:EQNR) from a hold rating to a buy rating in a research report released on Monday morning, MarketBeat Ratings reports.

Several other equities analysts have also issued reports on the company. Royal Bank of Canada reiterated a “sector perform” rating on shares of Equinor ASA in a research note on Thursday, February 6th. JPMorgan Chase & Co. upgraded Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Barclays upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, Danske upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Equinor ASA presently has an average rating of “Moderate Buy” and a consensus target price of $29.45.

Equinor ASA Trading Down 5.7 %

Shares of EQNR opened at $23.26 on Monday. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $29.32. The business’s fifty day moving average is $23.94 and its 200-day moving average is $24.79. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. The firm has a market cap of $64.96 billion, a price-to-earnings ratio of 7.48, a PEG ratio of 1.27 and a beta of 0.83.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a net margin of 8.49% and a return on equity of 20.33%. Equities analysts anticipate that Equinor ASA will post 3.38 EPS for the current fiscal year.

Equinor ASA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 6.02%. The ex-dividend date is Friday, February 14th. Equinor ASA’s payout ratio is presently 37.62%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of EQNR. Reston Wealth Management LLC acquired a new position in Equinor ASA during the 3rd quarter worth about $31,000. Manchester Capital Management LLC acquired a new position in Equinor ASA during the 4th quarter worth about $33,000. Synergy Asset Management LLC acquired a new position in Equinor ASA during the 4th quarter worth about $36,000. R Squared Ltd acquired a new position in Equinor ASA during the 4th quarter worth about $48,000. Finally, Brooklyn Investment Group acquired a new position in Equinor ASA during the 4th quarter worth about $61,000. 5.51% of the stock is owned by institutional investors and hedge funds.

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.