Equinor ASA (NYSE:EQNR) Posts Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Equinor ASA (NYSE:EQNR) issued its quarterly earnings results on Wednesday. The company reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.81 by $0.03, Yahoo Finance reports. The company had revenue of $25.54 billion during the quarter, compared to analysts’ expectations of $25.93 billion. Equinor ASA had a net margin of 9.11% and a return on equity of 20.65%. During the same period last year, the business earned $0.74 EPS.

Equinor ASA Stock Up 0.1 %

Shares of NYSE:EQNR traded up $0.02 during midday trading on Friday, hitting $26.01. The stock had a trading volume of 2,478,300 shares, compared to its average volume of 2,574,325. Equinor ASA has a 12 month low of $24.44 and a 12 month high of $34.73. The company has a quick ratio of 1.76, a current ratio of 1.53 and a debt-to-equity ratio of 0.53. The business’s 50-day simple moving average is $27.75 and its 200-day simple moving average is $27.46. The company has a market cap of $72.64 billion, a P/E ratio of 8.05, a PEG ratio of 3.57 and a beta of 0.84.

Equinor ASA Cuts Dividend

The company also recently announced a — dividend, which will be paid on Wednesday, August 28th. Investors of record on Monday, August 19th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Monday, August 19th. This represents a dividend yield of 4.1%. Equinor ASA’s dividend payout ratio is presently 35.60%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on EQNR. StockNews.com raised shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Friday. TD Cowen decreased their price target on shares of Equinor ASA from $30.00 to $28.00 and set a “hold” rating for the company in a research note on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.25.

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.