Analysts Set Equinor ASA (NYSE:EQNR) PT at $28.25

Equinor ASA (NYSE:EQNR) has received an average rating of “Reduce” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $28.25.

Several equities analysts have commented on EQNR shares. TD Cowen began coverage on Equinor ASA in a research report on Wednesday. They issued a “hold” rating and a $28.00 price objective on the stock. Morgan Stanley raised 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 report on Tuesday, February 20th. StockNews.com raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, March 22nd. Finally, DZ Bank downgraded Equinor ASA from a “buy” rating to a “hold” rating in a research report on Thursday, February 8th.

Hedge Funds Weigh In On Equinor ASA

A number of institutional investors have recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new position in Equinor ASA during the 4th quarter worth about $30,000. EverSource Wealth Advisors LLC lifted its stake in Equinor ASA by 136.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,090 shares of the company’s stock worth $34,000 after acquiring an additional 629 shares in the last quarter. Avalon Trust Co acquired a new position in Equinor ASA during the 4th quarter worth about $41,000. SRS Capital Advisors Inc. lifted its stake in Equinor ASA by 558.9% during the 3rd quarter. SRS Capital Advisors Inc. now owns 1,331 shares of the company’s stock worth $44,000 after acquiring an additional 1,129 shares in the last quarter. Finally, Princeton Global Asset Management LLC acquired a new position in Equinor ASA during the 4th quarter worth about $43,000. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Down 0.5 %

Shares of EQNR opened at $27.70 on Monday. The stock has a market capitalization of $86.48 billion, a price-to-earnings ratio of 7.08, a price-to-earnings-growth ratio of 7.91 and a beta of 0.85. Equinor ASA has a 1 year low of $24.44 and a 1 year high of $34.73. The business’s 50 day simple moving average is $26.62 and its 200-day simple moving average is $29.53. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.71 and a quick ratio of 1.60.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, February 7th. The company reported $0.64 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.44). The company 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%. As a group, equities analysts expect that Equinor ASA will post 3.33 earnings per share for the current fiscal year.

Equinor ASA Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Thursday, May 16th will be given a $0.30 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $1.20 annualized dividend and a dividend yield of 4.33%. Equinor ASA’s dividend payout ratio (DPR) is presently 25.06%.

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.