Erste Group Bank Forecasts Stronger Earnings for Equinor ASA

Equinor ASA (NYSE:EQNR) – Research analysts at Erste Group Bank upped their FY2027 earnings per share (EPS) estimates for shares of Equinor ASA in a report released on Tuesday, September 8th. Erste Group Bank analyst H. Engel now expects that the company will post earnings of $4.09 per share for the year, up from their previous estimate of $4.00. The consensus estimate for Equinor ASA’s current full-year earnings is $5.07 per share.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $1.33 EPS 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 business had revenue of $34.02 billion during the quarter, compared to analyst estimates of $34.03 billion.

EQNR has been the subject of a number of other research reports. Weiss Ratings raised Equinor ASA from a “hold (c+)” rating to a “buy (b)” rating in a report on Thursday, July 23rd. Royal Bank Of Canada upgraded shares of Equinor ASA from an “underperform” rating to a “sector perform” rating in a report on Thursday, July 23rd. Zacks Research downgraded shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a report on Monday, May 25th. Wall Street Zen cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 22nd. Finally, TD Cowen boosted their price objective on shares of Equinor ASA from $37.00 to $38.00 and gave the stock a “hold” rating in a report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.20.

Equinor ASA Trading Down 0.2%

Shares of EQNR stock opened at $45.13 on Friday. The business’s fifty day moving average price is $39.76 and its 200 day moving average price is $37.70. Equinor ASA has a 1-year low of $22.26 and a 1-year high of $45.55. The firm has a market capitalization of $107.89 billion, a PE ratio of 12.30, a P/E/G ratio of 2.90 and a beta of 0.03. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.18 and a quick ratio of 1.10.

Institutional Trading of Equinor ASA

Large investors have recently bought and sold shares of the company. DJE Kapital AG acquired a new stake in shares of Equinor ASA during the first quarter valued at $2,913,000. Gibbs Wealth Management acquired a new position in Equinor ASA in the 1st quarter valued at about $1,189,000. Dimensional Fund Advisors LP raised its stake in Equinor ASA by 24.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 182,992 shares of the company’s stock valued at $7,722,000 after purchasing an additional 36,122 shares during the last quarter. GTS Securities LLC purchased a new position in Equinor ASA in the 2nd quarter valued at about $2,162,000. Finally, Equitable Holdings Inc. purchased a new position in Equinor ASA in the 2nd quarter valued at about $893,000. Institutional investors and hedge funds own 5.51% of the company’s stock.

Equinor ASA Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 25th. Investors of record on Monday, November 16th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Monday, November 16th. This represents a $1.56 annualized dividend and a yield of 3.5%. Equinor ASA’s payout ratio is currently 34.88%.

About Equinor ASA

Equinor ASA is a Norwegian energy company engaged primarily in the exploration, development, production and marketing of oil and natural gas. The company also supplies crude oil, natural gas, refined petroleum products and electricity, and participates in energy trading and related activities.

Equinor has expanded beyond its traditional petroleum business into lower-carbon energy, including offshore wind, carbon capture and storage, and hydrogen-related projects. Its operations and partnerships span several regions, with significant activities on the Norwegian continental shelf as well as projects in Europe, North America, South America and other international markets.

The company was established in 1972 as Den norske stats oljeselskap, commonly known as Statoil, and adopted the name Equinor in 2018 to reflect its broader energy strategy.