Equinor ASA (NYSE:EQNR) Releases Quarterly Earnings Results, Beats Expectations By $0.05 EPS

Equinor ASA (NYSE:EQNR) issued its quarterly earnings data on Thursday. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.05, Zacks reports. Equinor ASA had a net margin of 9.11% and a return on equity of 20.65%. The company had revenue of $25.45 billion for the quarter, compared to analysts’ expectations of $24.45 billion. During the same quarter in the previous year, the firm posted $0.92 earnings per share.

Equinor ASA Price Performance

Shares of NYSE EQNR opened at $25.49 on Friday. The firm’s 50-day moving average price is $25.60 and its 200-day moving average price is $26.91. Equinor ASA has a 1-year low of $23.95 and a 1-year high of $34.21. The firm has a market capitalization of $75.05 billion, a P/E ratio of 7.89, a P/E/G ratio of 2.28 and a beta of 0.83. The company has a current ratio of 1.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.53.

Wall Street Analyst Weigh In

EQNR has been the topic of several analyst reports. Morgan Stanley raised 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 research note on Monday, October 14th. StockNews.com lowered shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday, August 29th. Barclays upgraded shares of Equinor ASA to a “hold” rating in a report on Wednesday, October 2nd. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, UBS Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a report on Thursday, August 8th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $26.90.

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.