Equinor ASA (NYSE:EQNR) Upgraded at Morgan Stanley

Morgan Stanley upgraded shares of Equinor ASA (NYSE:EQNR) from an equal weight rating to an overweight rating in a research report released on Tuesday morning, Marketbeat.com reports. They currently have $30.90 target price on the stock, up from their previous target price of $25.80.

Other equities analysts have also recently issued reports about the company. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Redburn Atlantic raised shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research note on Monday, November 25th. StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Friday, January 3rd. Finally, JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.45.

Equinor ASA Stock Down 2.1 %

Shares of NYSE EQNR opened at $25.30 on Tuesday. The company has a market cap of $70.66 billion, a price-to-earnings ratio of 7.76, a PEG ratio of 1.20 and a beta of 0.84. 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 firm’s fifty day moving average is $23.65 and its 200 day moving average is $25.32. Equinor ASA has a 52 week low of $21.85 and a 52 week high of $30.89.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.74 by $0.05. The firm had revenue of $25.45 billion during the quarter, compared to the consensus estimate of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same period in the prior year, the firm posted $0.92 earnings per share. On average, equities research analysts expect that Equinor ASA will post 3.35 earnings per share for the current year.

Hedge Funds Weigh In On Equinor ASA

A number of institutional investors and hedge funds have recently made changes to their positions in EQNR. International Assets Investment Management LLC purchased a new stake in Equinor ASA during the 3rd quarter valued at about $1,933,000. Cetera Investment Advisers grew its holdings in shares of Equinor ASA by 52.7% during the second quarter. Cetera Investment Advisers now owns 69,718 shares of the company’s stock valued at $1,991,000 after buying an additional 24,052 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of Equinor ASA during the 3rd quarter valued at about $2,509,000. Truist Financial Corp increased its position in shares of Equinor ASA by 9.2% during the 2nd quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock valued at $397,000 after purchasing an additional 1,167 shares during the last quarter. Finally, Crossmark Global Holdings Inc. increased its position in shares of Equinor ASA by 52.1% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 86,174 shares of the company’s stock valued at $2,183,000 after purchasing an additional 29,516 shares during the last quarter. Institutional investors own 5.51% of the company’s stock.

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.