Equinor ASA (NYSE:EQNR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Equinor ASA (NYSE:EQNR) from a buy rating to a strong-buy rating in a research note released on Saturday.

Other analysts also recently issued research reports about the stock. DZ Bank raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, May 6th. TD Cowen increased their price target on Equinor ASA from $37.00 to $38.00 and gave the stock a “hold” rating in a report on Friday, July 24th. Royal Bank Of Canada upgraded Equinor ASA from an “underperform” rating to a “sector perform” rating in a report on Thursday, July 23rd. Zacks Research cut Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Finally, Weiss Ratings upgraded Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.20.

Equinor ASA Stock Up 5.3%

NYSE EQNR opened at $40.98 on Friday. The company has a quick ratio of 1.10, a current ratio of 1.18 and a debt-to-equity ratio of 0.56. Equinor ASA has a 52 week low of $22.26 and a 52 week high of $43.46. The firm has a market capitalization of $97.97 billion, a price-to-earnings ratio of 11.17, a PEG ratio of 2.56 and a beta of 0.04. The company has a fifty day moving average of $36.01 and a two-hundred day moving average of $35.22.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Tuesday, July 21st. The company reported $1.33 earnings per share for the quarter, missing the consensus estimate of $1.39 by ($0.06). Equinor ASA had a net margin of 7.92% and a return on equity of 23.60%. The firm had revenue of $34.02 billion during the quarter, compared to analysts’ expectations of $34.03 billion. On average, analysts predict that Equinor ASA will post 4.93 earnings per share for the current year.

Equinor ASA Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 25th. Stockholders of record on Monday, November 16th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.8%. Equinor ASA’s dividend payout ratio (DPR) is 34.88%.

Institutional Trading of Equinor ASA

A number of large investors have recently modified their holdings of the company. Gradient Investments LLC grew its stake in Equinor ASA by 1.9% in the second quarter. Gradient Investments LLC now owns 187,623 shares of the company’s stock worth $5,891,000 after purchasing an additional 3,474 shares in the last quarter. GAMMA Investing LLC raised its position in Equinor ASA by 24.1% during the 2nd quarter. GAMMA Investing LLC now owns 9,033 shares of the company’s stock valued at $284,000 after purchasing an additional 1,754 shares in the last quarter. Arlington Trust Co LLC raised its position in Equinor ASA by 1,581.9% during the 2nd quarter. Arlington Trust Co LLC now owns 2,136 shares of the company’s stock valued at $67,000 after purchasing an additional 2,009 shares in the last quarter. Eastern Bank purchased a new stake in shares of Equinor ASA in the 2nd quarter worth $35,000. Finally, VectorGlobal IAG Inc. purchased a new stake in shares of Equinor ASA in the 1st quarter worth $285,000. Hedge funds and other institutional investors own 5.51% of the company’s stock.

Equinor ASA Company Profile

Equinor ASA (NYSE: EQNR) is a Norway-based integrated energy company headquartered in Stavanger. Historically established as Statoil in the 1970s to develop Norway’s petroleum resources, the company changed its name to Equinor in 2018 to reflect a strategic shift toward a broader energy portfolio. Equinor’s operations span the full upstream value chain, including exploration, development and production of oil and natural gas, alongside trading and marketing activities that support its global commercial operations.

In recent years Equinor has pursued a transition strategy that combines continued development of conventional oil and gas resources with growing investments in low‑carbon energy.