Stocks of Equinor ASA (NYSE:EQNR) traded higher last session on Wall Street, up 1.49% to $27.91.
According to the data, Equinor ASA (NYSE:EQNR) has 4 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $41.00 and a low of $36.00, we find $38.20. Given the previous closing price of $27.50, this indicates a potential upside of 38.91 percent. EQNR stock price is now 0.13% away from the 50-day moving average and -12.18% away from the 200-day moving average. The market capitalization of the company currently stands at $90.58B.
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A total of 1 analysts have issued a hold rating and 2 have given it a buy rating. Brokers who have rated the stock have averaged $38.35 as their price target over the next twelve months.
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 POINT72 ASSET MANAGEMENT, L.P. during the first quarter worth $36,470,000. BALYASNY ASSET MANAGEMENT L.P. invested $9,405,000 in shares of EQNR during the first quarter. In the first quarter, VOYA INVESTMENT MANAGEMENT LLC acquired a new stake in Equinor ASA valued at approximately $8,213,000. WESTPAC BANKING CORP acquired a new stake in EQNR for approximately $7,675,000. ALYESKA INVESTMENT GROUP, L.P. purchased a new stake in EQNR valued at around $6,310,000 in the second quarter. In total, there are 414 active investors with 5.50% ownership of the company’s stock.
Tuesday’s opening bell rang with an opening price of $27.60 for Equinor ASA (NYSE: EQNR). During the past 12 months, Equinor ASA has had a low of $25.74 and a high of $40.16. As of last week, the company has a debt-to-equity ratio of 0.54, a current ratio of 2.00, and a quick ratio of 1.90. According to the stock market information, the enterprise value for the company is $83.37B, which is based on a 3.04 price-to-earnings ratio, a 0.52 price-to-earnings-growth ratio, and a beta of 0.96. The fifty day moving average price for EQNR is $28.34 and a two-hundred day moving average price translates $32.98 for the stock.
The latest earnings results from Equinor ASA (NYSE: EQNR) was released for Mar, 2023. The net profit margin was 20.40% and return on equity was 59.50% for EQNR. The company reported revenue of $29.22 billion for the quarter, compared to $36.39 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -19.7 percent.
Moreover, the firm recently paid out its quarterly dividend on 08/25/2023. Investors who held shares on 08/15/2023 were paid a $0.60 dividend. On an annualized basis, this represents a $3.30 dividend and a 11.82% percent yield. There was an ex-dividend date of 08/14/2023 for this dividend. In terms of dividend payout ratio, EQNR is presently at 25.60%.
Equinor ASA(EQNR) 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. 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 power and emissions; operates refineries, terminals and processing, and power plants; and develops low carbon solutions for oil and gas. In addition, it develops carbon capture and storage projects; provides transportation solutions, including pipelines, shipping, trucking, and rail; and develops and explores for renewable energy, such as offshore wind, green hydrogen, and solar power. 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.
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