Equinor ASA Announces Quarterly Dividend of $0.35 (NYSE:EQNR)

Equinor ASA (NYSE:EQNR) announced a quarterly dividend on Tuesday, July 23rd,NASDAQ Dividends reports. Shareholders of record on Tuesday, November 19th will be paid a dividend of 0.35 per share on Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 5.84%. The ex-dividend date is Tuesday, November 19th.

Equinor ASA has increased its dividend by an average of 15.7% per year over the last three years. Equinor ASA has a dividend payout ratio of 45.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Equinor ASA to earn $3.16 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 44.3%.

Equinor ASA Trading Up 1.1 %

NYSE EQNR opened at $23.96 on Friday. Equinor ASA has a 1-year low of $22.15 and a 1-year high of $33.24. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $66.92 billion, a PE ratio of 7.35, a price-to-earnings-growth ratio of 5.21 and a beta of 0.84. The firm’s fifty day simple moving average is $24.62 and its 200-day simple moving average is $26.46.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The business had revenue of $25.45 billion for the quarter, compared to the consensus estimate of $24.45 billion. During the same period in the prior year, the business posted $0.92 earnings per share. As a group, sell-side analysts anticipate that Equinor ASA will post 3.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on EQNR. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. StockNews.com raised shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 5th. Barclays raised shares of Equinor ASA to a “hold” rating in a research report on Wednesday, October 2nd. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price target for the company in a research report on Monday, October 14th. Finally, UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Equinor ASA currently has an average rating of “Hold” and a consensus target price of $26.90.

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.