Equinor ASA (NYSE:EQNR) has received an average rating of “Hold” from the eight ratings firms that are presently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company.

EQNR has been the topic of a number of recent research reports. Berenberg Bank initiated coverage on Equinor ASA in a research report on Tuesday, September 11th. They set a “hold” rating on the stock. Bank of America upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Friday, October 5th. Barclays upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, September 11th. Zacks Investment Research downgraded Equinor ASA from a “buy” rating to a “hold” rating in a research report on Wednesday, August 1st. Finally, Macquarie upgraded Equinor ASA from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 3rd.

A number of hedge funds have recently modified their holdings of the business. Proficio Capital Partners LLC purchased a new stake in shares of Equinor ASA in the second quarter worth approximately $118,000. CIBC Private Wealth Group LLC purchased a new stake in shares of Equinor ASA in the second quarter worth approximately $156,000. Baker Ellis Asset Management LLC purchased a new stake in shares of Equinor ASA in the second quarter worth approximately $161,000. Hall Laurie J Trustee purchased a new stake in shares of Equinor ASA in the second quarter worth approximately $162,000. Finally, NumerixS Investment Technologies Inc purchased a new stake in shares of Equinor ASA in the second quarter worth approximately $163,000. Institutional investors and hedge funds own 5.17% of the company’s stock.

Shares of NYSE:EQNR traded up $0.14 during mid-day trading on Friday, reaching $26.88. The stock had a trading volume of 1,278,408 shares, compared to its average volume of 1,493,239. The company has a current ratio of 1.30, a quick ratio of 1.13 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $93.71 billion, a P/E ratio of 19.48, a P/E/G ratio of 0.98 and a beta of 0.90. Equinor ASA has a 1 year low of $19.74 and a 1 year high of $28.93.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Thursday, July 26th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.09. The company had revenue of $18.14 billion for the quarter. Equinor ASA had a return on equity of 13.09% and a net margin of 6.69%. On average, research analysts forecast that Equinor ASA will post 1.87 earnings per share for the current year.

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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Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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