Equinor ASA (NYSE:EQNR) Receives $272.00 Consensus Price Target from Analysts

Equinor ASA (NYSE:EQNRGet Rating) has received an average rating of “Hold” from the twenty-two research firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $272.00.

A number of equities analysts have weighed in on the company. Royal Bank of Canada lowered Equinor ASA from an “outperform” rating to a “sector perform” rating and lifted their price objective for the company from $320.00 to $330.00 in a research note on Monday, May 9th. DNB Markets raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Wednesday, May 18th. Morgan Stanley lifted their target price on shares of Equinor ASA from 287.00 to 304.00 and gave the company an “underweight” rating in a report on Wednesday, August 17th. Societe Generale downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating in a report on Friday, May 20th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Equinor ASA from 314.00 to 354.00 and gave the company a “hold” rating in a report on Wednesday, July 6th.

Equinor ASA Price Performance

Shares of NYSE:EQNR opened at $38.89 on Wednesday. Equinor ASA has a twelve month low of $22.20 and a twelve month high of $42.53. The company has a current ratio of 1.60, a quick ratio of 1.49 and a debt-to-equity ratio of 0.64. The company has a market cap of $126.25 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 0.13 and a beta of 1.00. The company’s 50 day moving average is $36.24 and its 200 day moving average is $35.42.

Equinor ASA (NYSE:EQNRGet Rating) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.56 earnings per share for the quarter, topping analysts’ consensus estimates of $1.44 by $0.12. The firm had revenue of $36.39 billion for the quarter, compared to analyst estimates of $50.49 billion. Equinor ASA had a net margin of 12.66% and a return on equity of 43.24%. On average, sell-side analysts forecast that Equinor ASA will post 6.31 EPS for the current year.

Equinor ASA Announces Dividend

The company also recently declared a None dividend, which was paid on Friday, August 26th. Stockholders of record on Friday, August 12th were paid a $0.345 dividend. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend was Thursday, August 11th. Equinor ASA’s dividend payout ratio is presently 11.51%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Folketrygdfondet grew its holdings in shares of Equinor ASA by 2,429.4% during the second quarter. Folketrygdfondet now owns 112,499,219 shares of the company’s stock worth $3,910,473,000 after buying an additional 108,051,631 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Equinor ASA by 42.8% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 10,186,246 shares of the company’s stock valued at $382,086,000 after acquiring an additional 3,052,907 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in Equinor ASA by 47.6% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,752,274 shares of the company’s stock valued at $130,429,000 after acquiring an additional 1,210,930 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in Equinor ASA by 90.5% in the 4th quarter. Point72 Asset Management L.P. now owns 2,565,111 shares of the company’s stock worth $67,539,000 after purchasing an additional 1,218,685 shares in the last quarter. Finally, Van ECK Associates Corp boosted its holdings in shares of Equinor ASA by 18.1% during the 1st quarter. Van ECK Associates Corp now owns 2,406,470 shares of the company’s stock worth $90,267,000 after purchasing an additional 368,230 shares during the last quarter. 5.41% of the stock is owned by institutional investors and hedge funds.

About Equinor ASA

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Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, 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.

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Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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