Zacks: Brokerages Expect Equinor ASA (EQNR) to Post $0.39 EPS

Brokerages predict that Equinor ASA (NYSE:EQNR) will announce earnings per share of $0.39 for the current quarter, according to Zacks Investment Research. Zero analysts have issued estimates for Equinor ASA’s earnings. Equinor ASA posted earnings of $0.45 per share in the same quarter last year, which indicates a negative year over year growth rate of 13.3%. The firm is expected to issue its next earnings report on Wednesday, April 24th.

On average, analysts expect that Equinor ASA will report full-year earnings of $1.74 per share for the current year, with EPS estimates ranging from $1.48 to $1.97. For the next year, analysts forecast that the company will post earnings of $1.80 per share, with EPS estimates ranging from $1.64 to $2.01. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Equinor ASA.

A number of brokerages recently weighed in on EQNR. Piper Jaffray Companies reissued an “overweight” rating on shares of Equinor ASA in a research report on Tuesday, October 23rd. Zacks Investment Research cut shares of Equinor ASA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 23rd. ValuEngine cut shares of Equinor ASA from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Barclays raised shares of Equinor ASA from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 23rd. Finally, JPMorgan Chase & Co. cut shares of Equinor ASA from a “neutral” rating to an “underweight” rating in a research report on Thursday, November 29th. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $26.36.

Shares of EQNR opened at $23.10 on Friday. Equinor ASA has a 1-year low of $19.95 and a 1-year high of $28.93. The firm has a market capitalization of $76.89 billion, a P/E ratio of 11.44 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 1.44.

A number of hedge funds and other institutional investors have recently bought and sold shares of EQNR. Cornerstone Advisors Inc. increased its stake in Equinor ASA by 289.5% in the third quarter. Cornerstone Advisors Inc. now owns 892 shares of the company’s stock valued at $25,000 after purchasing an additional 663 shares during the period. We Are One Seven LLC acquired a new position in Equinor ASA in the fourth quarter valued at $31,000. BOKF NA acquired a new position in Equinor ASA in the fourth quarter valued at $35,000. Lindbrook Capital LLC acquired a new position in Equinor ASA in the fourth quarter valued at $52,000. Finally, Legacy Financial Advisors Inc. increased its stake in Equinor ASA by 8,963.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 2,719 shares of the company’s stock valued at $58,000 after purchasing an additional 2,689 shares during the period. Institutional investors own 5.39% of the company’s stock.

About Equinor ASA

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development & Production Norway; Development & Production USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Earnings History and Estimates for Equinor ASA (NYSE:EQNR)

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