Equinor ASA (NYSE:EQNR) Raised to “Overweight” at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Equinor ASA (NYSE:EQNR) from an underweight rating to an overweight rating in a research note published on Monday morning, MarketBeat.com reports.

Several other research analysts have also commented on EQNR. StockNews.com raised Equinor ASA from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 29th. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a research report on Wednesday, October 2nd. Berenberg Bank upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. Morgan Stanley upgraded shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 target price for the company in a research note on Monday, October 14th. Finally, Redburn Atlantic upgraded Equinor ASA from a “neutral” rating to a “buy” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.90.

Equinor ASA Stock Up 0.8 %

Equinor ASA stock opened at $23.83 on Monday. The stock has a market cap of $66.55 billion, a PE ratio of 7.25, a P/E/G ratio of 5.05 and a beta of 0.84. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.48 and a quick ratio of 1.38. The stock’s fifty day moving average is $24.33 and its two-hundred day moving average is $25.97. Equinor ASA has a 1-year low of $22.15 and a 1-year high of $32.66.

Equinor ASA (NYSE:EQNR) last posted its earnings results on Thursday, October 24th. The company reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. Equinor ASA had a net margin of 8.95% and a return on equity of 19.97%. The firm had revenue of $25.45 billion for the quarter, compared to the consensus estimate of $24.45 billion. During the same period last year, the firm posted $0.92 EPS. On average, sell-side analysts expect that Equinor ASA will post 3.31 EPS for the current fiscal year.

Institutional Trading of Equinor ASA

Several hedge funds have recently modified their holdings of the business. Mediolanum International Funds Ltd acquired a new stake in shares of Equinor ASA in the third quarter valued at approximately $6,203,000. Commonwealth Equity Services LLC boosted its stake in Equinor ASA by 1,334.9% in the 2nd quarter. Commonwealth Equity Services LLC now owns 176,993 shares of the company’s stock worth $5,055,000 after buying an additional 164,658 shares during the last quarter. Summit Global Investments grew its holdings in Equinor ASA by 290.0% in the 2nd quarter. Summit Global Investments now owns 199,823 shares of the company’s stock valued at $5,707,000 after buying an additional 148,580 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in Equinor ASA in the 3rd quarter valued at about $3,685,000. Finally, Cambridge Investment Research Advisors Inc. increased its stake in shares of Equinor ASA by 401.2% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 172,737 shares of the company’s stock valued at $4,933,000 after acquiring an additional 138,273 shares during the last quarter. 5.51% of the stock is owned by institutional investors and hedge funds.

Equinor ASA 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.