In yesterday’s Wall Street session, Equinor ASA (NYSE:EQNR) shares traded at $35.96, down -1.29% from the previous session.
2 analysts cover Equinor ASA (NYSE:EQNR), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $42.86 and a low of $32.00, we find $37.43. Given the previous closing price of $36.43, this indicates a potential upside of 2.74 percent. EQNR stock price is now 2.65% away from the 50-day moving average and 2.97% away from the 200-day moving average. The market capitalization of the company currently stands at $118.65B.
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The stock has received a hold rating from 1 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $37.43 as their price target over the next twelve months.
, while ‘Credit Suisse’ rates the stock as ‘Neutral’.
A total of 67.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in EQNR stock. A new stake in Equinor ASA shares was purchased by BALYASNY ASSET MANAGEMENT LLC during the first quarter worth $159,154,000. CITADEL ADVISORS LLC invested $58,527,000 in shares of EQNR during the first quarter. In the first quarter, POINT72 ASSET MANAGEMENT, L.P. acquired a new stake in Equinor ASA valued at approximately $52,571,000. QUBE RESEARCH & TECHNOLOGIES LTD acquired a new stake in EQNR for approximately $25,717,000. PRICE T ROWE ASSOCIATES INC /MD/ purchased a new stake in EQNR valued at around $7,159,000 in the second quarter. In total, there are 386 active investors with 5.50% ownership of the company’s stock.
On Tuesday morning Equinor ASA (NYSE: EQNR) stock kicked off with the opening price of $36.68. During the past 12 months, Equinor ASA has had a low of $24.65 and a high of $41.92. As of last week, the company has a debt-to-equity ratio of 0.75, a current ratio of 1.70, and a quick ratio of 1.50. The fifty day moving average price for EQNR is $35.36 and a two-hundred day moving average price translates $35.55 for the stock.
The latest earnings results from Equinor ASA (NYSE: EQNR) was released for Jun, 2022. According to the Oil & Gas Integrated Company, earnings per share came in at $1.3, beating analysts’ expectations of $0.63 by 0.67. This compares to $0.43 EPS in the same period last year. The net profit margin was 16.40% and return on equity was 58.30% for EQNR. The company reported revenue of $43.63 billion for the quarter, compared to $23.26 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 87.56 percent. For the current quarter, analysts expect EQNR to generate $36.05B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 11/29/2022. Investors who held shares on 11/14/2022 were paid a $0.50 dividend. On an annualized basis, this represents a $1.68 dividend and a 4.67% percent yield. There was an ex-dividend date of 11/11/2022 for this dividend.
Equinor ASA(EQNR) Company Profile
Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, 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. The company also transports, processes, manufactures, markets, and trades in oil and gas commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; markets and trades in electricity and emission rights; operates refineries, terminals and processing, and power plants; and develops low carbon solutions for oil and gas. In addition, it develops wind, and carbon capture and storage projects, as well as offers other renewable energy. As of December 31, 2021, the company had proved oil and gas reserves of 5,356 million barrels of oil equivalent. Equinor ASA has collaboration agreements with Vårgrønn; and RWE Renewables and Hydro REIN. The company was formerly known as Statoil ASA and changed its name to Equinor ASA in May 2018. Equinor ASA was incorporated in 1972 and is headquartered in Stavanger, Norway.
