Equinor ASA (EQNR) Lifted to Equal Weight at Barclays
Barclays upgraded shares of Equinor ASA (NYSE:EQNR) from an underweight rating to an equal weight rating in a research note released on Tuesday morning, Marketbeat.com reports.
A number of other equities analysts also recently weighed in on the company. Zacks Investment Research raised Equinor ASA from a hold rating to a buy rating and set a $29.00 price target for the company in a research report on Thursday, July 19th. Credit Suisse Group downgraded Equinor ASA from an outperform rating to a neutral rating in a research report on Thursday, July 19th. Sanford C. Bernstein downgraded Equinor ASA from an outperform rating to a market perform rating in a research report on Tuesday, July 10th. Macquarie raised Equinor ASA from a neutral rating to an outperform rating in a research report on Tuesday, July 3rd. Finally, Jefferies Financial Group raised Equinor ASA from an underperform rating to a hold rating in a research report on Monday, June 11th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Equinor ASA has a consensus rating of Hold and an average price target of $29.00.
NYSE:EQNR opened at $25.88 on Tuesday. Equinor ASA has a twelve month low of $18.97 and a twelve month high of $28.06. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.30 and a quick ratio of 1.13. The company has a market cap of $82.75 billion, a price-to-earnings ratio of 18.75, a PEG ratio of 0.86 and a beta of 0.92.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 30th. Stockholders of record on Wednesday, August 22nd were issued a $0.23 dividend. This represents a $0.92 annualized dividend and a dividend yield of 3.55%. The ex-dividend date of this dividend was Tuesday, August 21st. Equinor ASA’s payout ratio is presently 48.55%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in EQNR. Proficio Capital Partners LLC acquired a new stake in shares of Equinor ASA in the 2nd quarter valued at approximately $118,000. CIBC Private Wealth Group LLC acquired a new stake in shares of Equinor ASA in the 2nd quarter valued at approximately $156,000. Baker Ellis Asset Management LLC acquired a new stake in shares of Equinor ASA in the 2nd quarter valued at approximately $161,000. Hall Laurie J Trustee acquired a new stake in shares of Equinor ASA in the 2nd quarter valued at approximately $162,000. Finally, NumerixS Investment Technologies Inc acquired a new stake in shares of Equinor ASA in the 2nd quarter valued at approximately $163,000. 5.18% of the stock is owned by institutional investors.
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 USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.
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