Equinor ASA (EQNR) Given $24.00 Average Target Price by Brokerages
Shares of Equinor ASA (NYSE:EQNR) have earned a consensus broker rating score of 3.00 (Hold) from the eleven brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong sell recommendation, one has given a sell recommendation, seven have issued a hold recommendation, one has issued a buy recommendation and one has given a strong buy recommendation to the company. Equinor ASA’s rating score has improved by 12.3% in the last 90 days as a result of a number of analysts’ ratings changes.
Analysts have set a twelve-month consensus price target of $24.00 for the company, according to Zacks. Zacks has also assigned Equinor ASA an industry rank of 217 out of 255 based on the ratings given to its competitors.
A number of brokerages have recently issued reports on EQNR. Jefferies Financial Group raised Equinor ASA from an “underperform” rating to a “hold” rating in a research report on Monday, June 11th. Macquarie raised Equinor ASA from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 3rd. Zacks Investment Research downgraded Equinor ASA from a “buy” rating to a “hold” rating in a research note on Wednesday, August 1st. Credit Suisse Group downgraded Equinor ASA from an “outperform” rating to a “neutral” rating in a research note on Thursday, July 19th. Finally, Sanford C. Bernstein downgraded Equinor ASA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, July 10th.
Equinor ASA (NYSE:EQNR) last announced its earnings results on Thursday, July 26th. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.09. Equinor ASA had a return on equity of 13.09% and a net margin of 6.69%. The business had revenue of $18.14 billion for the quarter. equities research analysts anticipate that Equinor ASA will post 1.87 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 30th. Investors of record on Wednesday, August 22nd were paid a $0.23 dividend. The ex-dividend date was Tuesday, August 21st. This represents a $0.92 dividend on an annualized basis and a yield of 3.69%. Equinor ASA’s dividend payout ratio (DPR) is 48.55%.
A number of large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp acquired a new position in Equinor ASA in the second quarter worth about $1,846,000. Advisors Asset Management Inc. acquired a new position in Equinor ASA in the second quarter worth about $2,970,000. Delphi Management Inc. MA acquired a new position in Equinor ASA in the second quarter worth about $2,140,000. Laurel Wealth Advisors Inc. acquired a new position in Equinor ASA in the second quarter worth about $423,000. Finally, Jane Street Group LLC acquired a new position in Equinor ASA in the second quarter worth about $204,000. Institutional investors and hedge funds own 5.18% of the company’s stock.
About Equinor ASA
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 USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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