Equinor ASA (NYSE:EQNR) Given “Sector Perform” Rating at Royal Bank of Canada

Equinor ASA (NYSE:EQNR)‘s stock had its “sector perform” rating reaffirmed by stock analysts at Royal Bank of Canada in a research report issued on Thursday,Benzinga reports.

Several other brokerages also recently weighed in on EQNR. Danske raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays upgraded shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a report on Monday, November 25th. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, November 27th. Redburn Atlantic upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. Finally, StockNews.com downgraded shares of Equinor ASA from a “strong-buy” rating to a “buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $29.45.

Equinor ASA Stock Performance

Shares of Equinor ASA stock traded down $0.43 during trading on Thursday, hitting $23.03. 6,872,117 shares of the company’s stock were exchanged, compared to its average volume of 3,794,214. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.38 and a current ratio of 1.48. The business has a 50-day simple moving average of $23.97 and a 200-day simple moving average of $24.87. Equinor ASA has a 52-week low of $21.85 and a 52-week high of $29.32. The stock has a market capitalization of $64.30 billion, a price-to-earnings ratio of 7.07, a PEG ratio of 1.31 and a beta of 0.83.

Equinor ASA (NYSE:EQNR) last announced its 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 net margin of 8.95% and a return on equity of 19.97%. On average, research analysts forecast that Equinor ASA will post 3.28 EPS for the current year.

Institutional Investors Weigh In On Equinor ASA

Large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its stake in shares of Equinor ASA by 3.1% during the 4th quarter. Van ECK Associates Corp now owns 16,288 shares of the company’s stock worth $386,000 after purchasing an additional 487 shares during the last quarter. Jones Financial Companies Lllp boosted its stake in shares of Equinor ASA by 10.8% during the 4th quarter. Jones Financial Companies Lllp now owns 5,195 shares of the company’s stock worth $123,000 after purchasing an additional 505 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Equinor ASA by 12.7% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 4,804 shares of the company’s stock worth $122,000 after purchasing an additional 543 shares during the last quarter. Ipswich Investment Management Co. Inc. boosted its stake in shares of Equinor ASA by 1.2% during the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 81,200 shares of the company’s stock worth $2,057,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Truist Financial Corp boosted its position in shares of Equinor ASA by 9.2% in the second quarter. Truist Financial Corp now owns 13,900 shares of the company’s stock worth $397,000 after acquiring an additional 1,167 shares during the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

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.