Equinor ASA (NYSE:EQNR) Stock Rating Upgraded by Hsbc Global Res

Equinor ASA (NYSE:EQNR) was upgraded by equities researchers at Hsbc Global Res to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts also recently issued reports on the stock. JPMorgan Chase & Co. raised shares of Equinor ASA from an “underweight” rating to an “overweight” rating in a report on Monday, December 9th. Pareto Securities raised Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday, February 6th. Danske upgraded Equinor ASA from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 27th. Finally, HSBC raised Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday. One research analyst has rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA Price Performance

Shares of NYSE EQNR opened at $23.26 on Monday. The stock’s 50-day simple moving average is $23.93 and its two-hundred day simple moving average is $24.78. Equinor ASA has a twelve month low of $21.85 and a twelve month high of $29.32. The firm has a market capitalization of $64.96 billion, a P/E ratio of 7.48, a P/E/G ratio of 1.27 and a beta of 0.83. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings data on Wednesday, February 5th. The company reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a return on equity of 20.33% and a net margin of 8.49%. As a group, equities analysts anticipate that Equinor ASA will post 3.38 EPS for the current fiscal year.

Institutional Trading of Equinor ASA

Several large investors have recently modified their holdings of EQNR. Quadrant Capital Group LLC raised its position in Equinor ASA by 75.1% during the 4th quarter. Quadrant Capital Group LLC now owns 13,251 shares of the company’s stock valued at $314,000 after purchasing an additional 5,683 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Equinor ASA by 3.3% during the fourth quarter. Russell Investments Group Ltd. now owns 108,883 shares of the company’s stock valued at $2,579,000 after buying an additional 3,491 shares during the period. Wedbush Securities Inc. raised its holdings in shares of Equinor ASA by 245.7% during the fourth quarter. Wedbush Securities Inc. now owns 27,344 shares of the company’s stock valued at $648,000 after acquiring an additional 19,434 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Equinor ASA during the fourth quarter valued at approximately $465,000. Finally, Integrated Quantitative Investments LLC purchased a new stake in Equinor ASA in the fourth quarter worth $398,000. 5.51% of the stock is owned by 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.