Equinor ASA (NYSE:EQNR) Announces $0.35 Quarterly Dividend

Equinor ASA (NYSE:EQNR) announced a quarterly dividend on Tuesday, January 28th,Wall Street Journal reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.35 per share on Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 5.94%. The ex-dividend date is Friday, February 14th.

Equinor ASA has raised its dividend by an average of 34.1% per year over the last three years. Equinor ASA has a payout ratio of 45.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Equinor ASA to earn $3.49 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 40.1%.

Equinor ASA Price Performance

Shares of Equinor ASA stock traded up $0.03 during trading on Tuesday, hitting $23.57. The stock had a trading volume of 3,250,031 shares, compared to its average volume of 3,424,235. 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 firm has a market cap of $65.81 billion, a P/E ratio of 7.23, a PEG ratio of 1.19 and a beta of 0.84. The business has a fifty day moving average of $24.03 and a two-hundred day moving average of $25.01. Equinor ASA has a fifty-two week low of $21.85 and a fifty-two week high of $29.49.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Citigroup raised Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Morgan Stanley raised Equinor ASA from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $25.80 to $30.90 in a research report on Tuesday, January 7th. JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Barclays raised Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Monday, November 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Equinor ASA presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.45.

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.