Equinor ASA (NYSE:EQNR – Get Free Report) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Tuesday.
Several other equities analysts have also recently weighed in on the stock. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. Citigroup raised shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. upgraded Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.45.
Get Our Latest Analysis on EQNR
Equinor ASA Price Performance
Equinor ASA (NYSE:EQNR – Get Free Report) last posted its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The company had revenue of $25.45 billion during the quarter, compared to analysts’ expectations of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same quarter in the prior year, the business earned $0.92 earnings per share. On average, equities analysts anticipate that Equinor ASA will post 3.36 EPS for the current year.
Hedge Funds Weigh In On Equinor ASA
Several large investors have recently made changes to their positions in EQNR. Reston Wealth Management LLC bought a new stake in Equinor ASA during the 3rd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its stake in Equinor ASA by 27.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,712 shares of the company’s stock worth $45,000 after purchasing an additional 365 shares during the period. Bruce G. Allen Investments LLC grew its holdings in Equinor ASA by 363.5% during the 3rd quarter. Bruce G. Allen Investments LLC now owns 1,928 shares of the company’s stock valued at $49,000 after buying an additional 1,512 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of Equinor ASA during the fourth quarter valued at approximately $61,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Equinor ASA by 12.7% in the third quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock worth $122,000 after buying an additional 543 shares in the last quarter. 5.51% of the stock is currently owned by hedge funds and other institutional investors.
Equinor ASA Company Profile
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.
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