Equinor ASA (NYSE:EQNR) Upgraded to “Overweight” at Barclays

Barclays upgraded shares of Equinor ASA (NYSE:EQNR) from an equal weight rating to an overweight rating in a research note issued to investors on Monday morning, MarketBeat reports.

A number of other analysts have also issued reports on EQNR. Citigroup raised Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday, November 21st. UBS Group raised shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Finally, Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective on the stock in a report on Monday, October 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $26.90.

Equinor ASA Trading Up 2.0 %

NYSE:EQNR opened at $24.37 on Monday. The stock has a market cap of $68.06 billion, a PE ratio of 7.48, a price-to-earnings-growth ratio of 5.30 and a beta of 0.84. Equinor ASA has a fifty-two week low of $22.15 and a fifty-two week high of $32.87. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The stock’s 50-day moving average is $24.52 and its two-hundred day moving average is $26.25.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.05. The business had revenue of $25.45 billion during the quarter, compared to analyst estimates of $24.45 billion. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. During the same quarter in the previous year, the business earned $0.92 EPS. As a group, equities research analysts forecast that Equinor ASA will post 3.31 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Equinor ASA

Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its stake in Equinor ASA by 2,359.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,783,338 shares of the company’s stock valued at $183,354,000 after acquiring an additional 6,507,511 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Equinor ASA by 3.7% during the 3rd quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock valued at $95,019,000 after purchasing an additional 132,157 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of Equinor ASA by 1.4% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 862,570 shares of the company’s stock valued at $24,635,000 after purchasing an additional 11,500 shares during the period. Cambiar Investors LLC increased its stake in Equinor ASA by 3.9% during the 2nd quarter. Cambiar Investors LLC now owns 572,243 shares of the company’s stock worth $16,343,000 after purchasing an additional 21,469 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Equinor ASA by 3.2% during the 3rd quarter. Fisher Asset Management LLC now owns 522,763 shares of the company’s stock worth $13,242,000 after buying an additional 16,303 shares during the period. 5.51% of the stock is currently owned by institutional investors and hedge funds.

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.