Equinor ASA (NYSE:EQNR) Downgraded by Societe Generale to “Hold”

Equinor ASA (NYSE:EQNR) was downgraded by investment analysts at Societe Generale from a “buy” rating to a “hold” rating in a note issued to investors on Thursday, The Fly reports.

EQNR has been the subject of a number of other research reports. Kepler Capital Markets upgraded Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, December 11th. Zacks Investment Research lowered Equinor ASA from a “buy” rating to a “hold” rating and set a $14.00 price target for the company. in a research report on Monday, November 2nd. UBS Group reiterated a “neutral” rating on shares of Equinor ASA in a research report on Thursday, December 10th. CSFB reiterated an “outperform” rating on shares of Equinor ASA in a research report on Thursday, October 8th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Equinor ASA in a research report on Wednesday, December 2nd. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $14.00.

EQNR stock traded up $0.56 during trading hours on Thursday, hitting $19.73. 216,589 shares of the stock traded hands, compared to its average volume of 6,651,508. The stock has a 50-day simple moving average of $16.82 and a 200 day simple moving average of $15.43. Equinor ASA has a one year low of $8.41 and a one year high of $20.50. The company has a market cap of $65.87 billion, a P/E ratio of -19.47, a P/E/G ratio of 4.44 and a beta of 1.22. The company has a current ratio of 1.86, a quick ratio of 1.67 and a debt-to-equity ratio of 0.94.

Equinor ASA (NYSE:EQNR) last announced its earnings results on Thursday, October 29th. The company reported $0.09 earnings per share for the quarter. Equinor ASA had a positive return on equity of 7.24% and a negative net margin of 6.75%. The business had revenue of $11.34 billion during the quarter. Analysts forecast that Equinor ASA will post 0.64 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the stock. Cpwm LLC lifted its stake in Equinor ASA by 3.6% in the 3rd quarter. Cpwm LLC now owns 19,849 shares of the company’s stock worth $279,000 after acquiring an additional 698 shares in the last quarter. Guggenheim Capital LLC lifted its stake in Equinor ASA by 3.6% in the 3rd quarter. Guggenheim Capital LLC now owns 20,998 shares of the company’s stock worth $296,000 after acquiring an additional 723 shares in the last quarter. Ellevest Inc. raised its stake in shares of Equinor ASA by 5.4% during the 3rd quarter. Ellevest Inc. now owns 16,573 shares of the company’s stock worth $233,000 after purchasing an additional 845 shares in the last quarter. Blair William & Co. IL raised its stake in shares of Equinor ASA by 3.3% during the 3rd quarter. Blair William & Co. IL now owns 33,272 shares of the company’s stock worth $468,000 after purchasing an additional 1,065 shares in the last quarter. Finally, Signaturefd LLC raised its stake in shares of Equinor ASA by 15.1% during the 3rd quarter. Signaturefd LLC now owns 10,073 shares of the company’s stock worth $142,000 after purchasing an additional 1,325 shares in the last quarter. 6.26% of the stock is owned by hedge funds and other institutional investors.

Equinor ASA Company Profile

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 Brazil; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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