Equinor ASA (NYSE:EQNR) Earns Overweight Rating from Morgan Stanley

Morgan Stanley reiterated their overweight rating on shares of Equinor ASA (NYSE:EQNR) in a research report report published on Tuesday morning, The Fly reports.

Several other equities research analysts also recently issued reports on the company. DZ Bank downgraded Equinor ASA from a hold rating to a sell rating in a research report on Friday, April 24th. Goldman Sachs Group downgraded Equinor ASA from a neutral rating to a sell rating in a research report on Sunday, June 14th. UBS Group reaffirmed a neutral rating on shares of Equinor ASA in a research report on Monday, June 15th. TheStreet downgraded Equinor ASA from a c rating to a d+ rating in a research report on Friday, July 24th. Finally, Jefferies Financial Group reissued a hold rating on shares of Equinor ASA in a research report on Thursday, July 16th. Four research analysts have rated the stock with a sell rating, seven 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 price target of $17.00.

NYSE EQNR traded down $0.33 during trading on Tuesday, hitting $16.30. 256,292 shares of the company traded hands, compared to its average volume of 4,327,528. Equinor ASA has a 12 month low of $8.41 and a 12 month high of $21.04. The business has a fifty day simple moving average of $15.12 and a 200 day simple moving average of $14.60. The company has a current ratio of 1.76, a quick ratio of 1.57 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $54.69 billion, a P/E ratio of -24.13, a PEG ratio of 6.62 and a beta of 1.12.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Shareholders of record on Monday, August 17th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend is Friday, August 14th. Equinor ASA’s payout ratio is 53.38%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fisher Asset Management LLC boosted its holdings in Equinor ASA by 0.8% during the second quarter. Fisher Asset Management LLC now owns 2,158,581 shares of the company’s stock valued at $31,256,000 after purchasing an additional 17,940 shares in the last quarter. Parametric Portfolio Associates LLC boosted its holdings in Equinor ASA by 3.7% during the first quarter. Parametric Portfolio Associates LLC now owns 1,478,225 shares of the company’s stock valued at $18,005,000 after purchasing an additional 52,559 shares in the last quarter. Balyasny Asset Management LLC acquired a new stake in Equinor ASA during the second quarter valued at approximately $13,110,000. Jane Street Group LLC acquired a new stake in Equinor ASA during the first quarter valued at approximately $10,751,000. Finally, Putnam FL Investment Management Co. boosted its holdings in Equinor ASA by 149.7% during the second quarter. Putnam FL Investment Management Co. now owns 785,088 shares of the company’s stock valued at $11,368,000 after purchasing an additional 470,734 shares in the last quarter. 6.72% of the stock is currently owned by 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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