Equinor ASA (NYSE:EQNR) Raised to Buy at Pareto Securities

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

EQNR has been the subject of a number of other research reports. Berenberg Bank raised Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. StockNews.com cut shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday. Morgan Stanley upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $25.80 to $30.90 in a report on Tuesday, January 7th. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. Finally, JPMorgan Chase & Co. raised Equinor ASA from an “underweight” rating to an “overweight” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Equinor ASA currently has a consensus rating of “Moderate Buy” and an average price target of $29.45.

Equinor ASA Trading Up 1.7 %

Shares of EQNR stock opened at $23.85 on Thursday. Equinor ASA has a 1-year low of $21.85 and a 1-year high of $29.32. The company has a current ratio of 1.48, a quick ratio of 1.38 and a debt-to-equity ratio of 0.51. The stock has a 50-day moving average of $23.97 and a 200-day moving average of $24.87. The stock has a market cap of $66.61 billion, a price-to-earnings ratio of 7.32, a PEG ratio of 1.31 and a beta of 0.83.

Equinor ASA (NYSE:EQNR) last released its earnings results on Wednesday, February 5th. The company reported $0.63 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%. On average, equities research analysts forecast that Equinor ASA will post 3.28 earnings per share for the current year.

Hedge Funds Weigh In On Equinor ASA

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its holdings in shares of Equinor ASA by 3.7% in the 3rd quarter. Wellington Management Group LLP now owns 3,751,243 shares of the company’s stock worth $95,019,000 after purchasing an additional 132,157 shares in the last quarter. Fisher Asset Management LLC boosted its stake in shares of Equinor ASA by 6.6% in the 4th quarter. Fisher Asset Management LLC now owns 557,483 shares of the company’s stock valued at $13,207,000 after purchasing an additional 34,720 shares in the last quarter. ABC Arbitrage SA purchased a new stake in shares of Equinor ASA in the 4th quarter valued at $9,043,000. Mediolanum International Funds Ltd purchased a new stake in shares of Equinor ASA in the 3rd quarter valued at $6,203,000. Finally, Todd Asset Management LLC boosted its stake in shares of Equinor ASA by 6.5% in the 4th quarter. Todd Asset Management LLC now owns 178,432 shares of the company’s stock valued at $4,227,000 after purchasing an additional 10,828 shares in the last quarter. Hedge funds and other institutional investors own 5.51% of the company’s stock.

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.