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

Shares of Equinor ASA (NYSE:EQNR) have been given a consensus recommendation of “Reduce” by the eight ratings firms that are covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $28.25.

Several brokerages have commented on EQNR. DZ Bank lowered Equinor ASA from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. StockNews.com upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, March 22nd. TD Cowen initiated coverage on Equinor ASA in a research note on Wednesday, April 24th. They issued a “hold” rating and a $28.00 target price for the company. Finally, Morgan Stanley upgraded Equinor ASA from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $26.40 to $28.50 in a research note on Tuesday, February 20th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Principal Securities Inc. purchased a new position in Equinor ASA in the fourth quarter valued at about $30,000. EverSource Wealth Advisors LLC lifted its holdings 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 buying an additional 629 shares during the last quarter. Avalon Trust Co bought a new position in Equinor ASA during the 4th quarter worth approximately $41,000. Princeton Global Asset Management LLC bought a new position in Equinor ASA during the 4th quarter worth approximately $43,000. Finally, SRS Capital Advisors Inc. lifted its holdings 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 buying an additional 1,129 shares during the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Stock Performance

Shares of NYSE:EQNR opened at $28.54 on Friday. The firm has a market capitalization of $89.10 billion, a PE ratio of 8.84, a P/E/G ratio of 3.77 and a beta of 0.85. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.88 and a quick ratio of 1.76. The business has a 50-day moving average of $27.60 and a two-hundred day moving average of $28.77. Equinor ASA has a 12 month low of $24.44 and a 12 month high of $34.73.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.96 EPS for the quarter, topping the consensus estimate of $0.78 by $0.18. The company had revenue of $25.14 billion during the quarter, compared to analyst estimates of $25.03 billion. Equinor ASA had a return on equity of 19.67% and a net margin of 9.30%. As a group, research analysts forecast that Equinor ASA will post 3.5 earnings per share for the current year.

Equinor ASA Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Thursday, May 16th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, May 15th. Equinor ASA’s dividend payout ratio is currently 35.60%.

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.