Equinor ASA (NYSE:EQNR) Rating Lowered to Hold at Deutsche Bank Aktiengesellschaft

Equinor ASA (NYSE:EQNR) was downgraded by Deutsche Bank Aktiengesellschaft from a “buy” rating to a “hold” rating in a report issued on Thursday, PriceTargets.com reports.

A number of other research firms also recently commented on EQNR. Exane BNP Paribas downgraded shares of Equinor ASA from an “outperform” rating to a “neutral” rating in a report on Tuesday, July 6th. MKM Partners started coverage on shares of Equinor ASA in a report on Wednesday, August 25th. They issued a “buy” rating and a $34.00 price objective for the company. Berenberg Bank reaffirmed a “buy” rating on shares of Equinor ASA in a report on Friday, June 25th. UBS Group reaffirmed a “neutral” rating on shares of Equinor ASA in a report on Friday, June 18th. Finally, Sanford C. Bernstein raised shares of Equinor ASA from a “market perform” rating to an “outperform” rating and set a $28.00 price target for the company in a report on Tuesday, June 1st. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.69.

Shares of NYSE:EQNR opened at $23.25 on Thursday. The company has a current ratio of 1.70, a quick ratio of 1.59 and a debt-to-equity ratio of 0.83. The company has a fifty day simple moving average of $20.98 and a 200 day simple moving average of $20.84. The firm has a market cap of $75.48 billion, a PE ratio of -101.09, a price-to-earnings-growth ratio of 0.17 and a beta of 1.26. Equinor ASA has a 12-month low of $12.11 and a 12-month high of $24.66.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Wednesday, July 28th. The company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Equinor ASA had a negative net margin of 1.34% and a positive return on equity of 11.24%. As a group, equities research analysts forecast that Equinor ASA will post 2.65 EPS for the current fiscal year.

A number of hedge funds have recently bought and sold shares of EQNR. OLD Mission Capital LLC acquired a new stake in Equinor ASA in the third quarter worth about $4,007,000. Dimensional Fund Advisors LP raised its position in Equinor ASA by 1.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 705,222 shares of the company’s stock worth $11,580,000 after acquiring an additional 12,028 shares in the last quarter. US Bancorp DE raised its position in Equinor ASA by 9.2% in the first quarter. US Bancorp DE now owns 26,903 shares of the company’s stock worth $524,000 after acquiring an additional 2,263 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Equinor ASA in the first quarter worth about $238,000. Finally, Envestnet Asset Management Inc. raised its position in Equinor ASA by 17.1% in the first quarter. Envestnet Asset Management Inc. now owns 526,605 shares of the company’s stock worth $10,248,000 after acquiring an additional 77,039 shares in the last quarter. 5.40% of the stock is owned by institutional investors and hedge funds.

About Equinor ASA

Equinor ASA engages in the exploration, production, transport, refining, and marketing of petroleum and petroleum-derived products. It operates through the following segments: Exploration and Production Norway, Exploration and Production International, Exploration and Production USA, Marketing, Midstream, and Processing, and Other.

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Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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