Equinor ASA (NYSE:EQNR) Rating Increased to Buy at Danske

Equinor ASA (NYSE:EQNR) was upgraded by research analysts at Danske from a “hold” rating to a “buy” rating in a research report issued on Thursday,Briefing.com Automated Import reports.

A number of other brokerages have also recently weighed in on EQNR. Redburn Atlantic raised Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Wednesday, November 20th. StockNews.com lowered Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday. Morgan Stanley upgraded Equinor ASA from an “equal weight” rating to an “overweight” rating and increased their price target for the company from $25.80 to $30.90 in a report on Tuesday, January 7th. Pareto Securities upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday. Finally, Berenberg Bank raised shares of 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, two have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Equinor ASA presently has an average rating of “Moderate Buy” and an average target price of $29.45.

Equinor ASA Price Performance

NYSE EQNR opened at $23.85 on Thursday. Equinor ASA has a 12 month low of $21.85 and a 12 month high of $29.32. 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 capitalization of $66.61 billion, a PE ratio of 7.32, a P/E/G ratio of 1.31 and a beta of 0.83. The company’s 50 day simple moving average is $23.97 and its 200 day simple moving average is $24.87.

Equinor ASA (NYSE:EQNR) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.19). Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. As a group, equities research analysts forecast that Equinor ASA will post 3.28 EPS for the current fiscal year.

Hedge Funds Weigh In On Equinor ASA

A number of hedge funds and other institutional investors have recently made changes to their positions in EQNR. ABC Arbitrage SA bought a new position in shares of Equinor ASA during the 4th quarter worth about $9,043,000. Mediolanum International Funds Ltd bought a new position in shares of Equinor ASA during the 3rd quarter worth approximately $6,203,000. Drum Hill Capital LLC bought a new position in shares of Equinor ASA during the 4th quarter worth approximately $4,023,000. Public Employees Retirement System of Ohio bought a new position in shares of Equinor ASA during the 3rd quarter worth approximately $3,685,000. Finally, Wellington Management Group LLP lifted its holdings in 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 during the last quarter. 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.