Equinor ASA (NYSE:EQNR) Now Covered by Analysts at TD Cowen

Stock analysts at TD Cowen began coverage on shares of Equinor ASA (NYSE:EQNR) in a research report issued to clients and investors on Wednesday, StockNewsAPI reports. The brokerage set a “hold” rating and a $28.00 price target on the stock. TD Cowen’s price objective suggests a potential upside of 3.24% from the company’s current price.

A number of other equities analysts also recently issued reports on EQNR. DZ Bank downgraded shares of Equinor ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $26.40 to $28.50 in a research note on Tuesday, February 20th. Finally, StockNews.com raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, Equinor ASA has an average rating of “Hold” and a consensus target price of $28.25.

Equinor ASA Stock Performance

Equinor ASA stock opened at $27.12 on Wednesday. The company has a quick ratio of 1.60, a current ratio of 1.71 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $84.67 billion, a PE ratio of 6.94 and a beta of 0.85. The firm has a fifty day simple moving average of $26.48 and a two-hundred day simple moving average of $29.60. Equinor ASA has a twelve month low of $24.44 and a twelve month high of $34.73.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Wednesday, February 7th. The company reported $0.64 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.44). The firm had revenue of $29.05 billion for the quarter, compared to the consensus estimate of $27.35 billion. Equinor ASA had a net margin of 11.09% and a return on equity of 20.32%. Research analysts expect that Equinor ASA will post 3.26 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in EQNR. Principal Securities Inc. bought a new stake in shares of Equinor ASA during the 4th quarter valued at $30,000. EverSource Wealth Advisors LLC grew its stake in Equinor ASA by 136.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the company’s stock valued at $34,000 after acquiring an additional 629 shares in the last quarter. Avalon Trust Co purchased a new position in Equinor ASA during the fourth quarter valued at $41,000. Princeton Global Asset Management LLC purchased a new position in Equinor ASA during the fourth quarter valued at $43,000. Finally, SRS Capital Advisors Inc. grew its stake in Equinor ASA by 558.9% during the third quarter. SRS Capital Advisors Inc. now owns 1,331 shares of the company’s stock valued at $44,000 after acquiring an additional 1,129 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors.

About Equinor ASA

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.