Zacks Investment Research cut shares of Equinor ASA (NYSE:EQNR) from a hold rating to a strong sell rating in a research note issued to investors on Saturday morning, Zacks.com reports.

According to Zacks, “Equinor ASA operates as an energy company. It engaged in developing oil, gas, wind and solar energy projects and focuses on offshore operations and exploration services. Equinor ASA, formerly known as Statoil ASA, is based in Norway, Europe. “

A number of other equities research analysts have also commented on EQNR. Banco Santander raised Equinor ASA to a hold rating in a research report on Monday, June 17th. Goldman Sachs Group raised Equinor ASA from a sell rating to a neutral rating in a research report on Thursday, August 1st. HSBC raised Equinor ASA from a hold rating to a buy rating in a research report on Friday, May 31st. Santander raised Equinor ASA from an underperform rating to a hold rating in a research report on Monday, June 17th. Finally, Sanford C. Bernstein raised Equinor ASA from a market perform rating to an outperform rating and set a $20.00 price target on the stock in a research report on Monday, July 1st. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. Equinor ASA currently has a consensus rating of Hold and a consensus target price of $24.77.

NYSE:EQNR opened at $17.18 on Friday. Equinor ASA has a 1-year low of $16.57 and a 1-year high of $28.93. The firm has a 50-day moving average of $18.78. The company has a quick ratio of 1.25, a current ratio of 1.43 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $56.16 billion, a price-to-earnings ratio of 8.50 and a beta of 0.92.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.34 EPS for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.07). The business had revenue of $17.10 billion for the quarter. Equinor ASA had a return on equity of 14.13% and a net margin of 10.94%. As a group, sell-side analysts expect that Equinor ASA will post 1.56 EPS for the current year.

Large investors have recently bought and sold shares of the stock. NumerixS Investment Technologies Inc grew its holdings in shares of Equinor ASA by 73.7% during the first quarter. NumerixS Investment Technologies Inc now owns 13,200 shares of the company’s stock worth $290,000 after buying an additional 5,600 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Equinor ASA by 6.9% in the fourth quarter. Bank of New York Mellon Corp now owns 88,623 shares of the company’s stock valued at $1,877,000 after purchasing an additional 5,738 shares in the last quarter. BlackRock Inc. grew its stake in Equinor ASA by 68.5% in the fourth quarter. BlackRock Inc. now owns 79,268 shares of the company’s stock valued at $1,678,000 after purchasing an additional 32,232 shares in the last quarter. Brinker Capital Inc. grew its stake in Equinor ASA by 7.0% in the first quarter. Brinker Capital Inc. now owns 70,185 shares of the company’s stock valued at $1,542,000 after purchasing an additional 4,618 shares in the last quarter. Finally, Moors & Cabot Inc. bought a new position in Equinor ASA in the first quarter valued at approximately $322,000. Institutional investors and hedge funds own 5.53% 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 Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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