Shares of Equinor ASA (NYSE:EQNR) have been given an average recommendation of “Hold” by the sixteen ratings firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a sell recommendation, six have issued a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $21.54.

A number of equities analysts have recently issued reports on the company. Banco Santander upgraded Equinor ASA to a “hold” rating in a report on Monday, June 17th. Sanford C. Bernstein upgraded Equinor ASA from a “market perform” rating to an “outperform” rating and set a $20.00 price objective for the company in a report on Monday, July 1st. Zacks Investment Research cut ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Santander upgraded ENI from a “hold” rating to a “buy” rating in a report on Monday, June 17th. Finally, ValuEngine cut W&T Offshore from a “hold” rating to a “sell” rating in a report on Friday, April 26th.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EQNR. BOKF NA bought a new stake in shares of Equinor ASA in the 4th quarter valued at about $35,000. Private Capital Group LLC lifted its stake in shares of Equinor ASA by 27.0% in the 1st quarter. Private Capital Group LLC now owns 2,640 shares of the company’s stock valued at $58,000 after acquiring an additional 561 shares during the last quarter. Cullen Frost Bankers Inc. bought a new stake in shares of Equinor ASA in the 1st quarter valued at about $84,000. Advisors Preferred LLC bought a new stake in shares of Equinor ASA in the 1st quarter valued at about $111,000. Finally, NumerixS Investment Technologies Inc bought a new stake in shares of Equinor ASA in the 4th quarter valued at about $161,000. 5.51% of the stock is owned by institutional investors.

Equinor ASA stock traded down $0.25 during midday trading on Monday, hitting $19.89. 1,346,585 shares of the company’s stock were exchanged, compared to its average volume of 1,400,272. Equinor ASA has a 52-week low of $18.91 and a 52-week high of $28.93. The stock’s 50-day moving average price is $19.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.35 and a current ratio of 1.48. The firm has a market capitalization of $67.04 billion, a P/E ratio of 9.85 and a beta of 0.94.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Friday, May 3rd. The company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.40 by $0.06. Equinor ASA had a return on equity of 15.79% and a net margin of 10.46%. The business had revenue of $16.41 billion during the quarter. As a group, research analysts expect that Equinor ASA will post 1.67 earnings per share for the current year.

Equinor ASA Company Profile

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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