Equinor ASA (EQNR) Receives $25.04 Consensus Target Price from Analysts

Equinor ASA (NYSE:EQNR) has earned an average recommendation of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $25.04.

Several research firms recently issued reports on EQNR. Zacks Investment Research upgraded shares of Equinor ASA from a “hold” rating to a “strong-buy” rating and set a $29.00 target price for the company in a research note on Tuesday, October 30th. Deutsche Bank upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, December 10th. Pareto Securities cut shares of Equinor ASA from a “hold” rating to a “sell” rating in a research note on Thursday, December 13th. Bank of America cut shares of Equinor ASA from a “buy” rating to a “neutral” rating and set a $23.07 target price for the company. in a research note on Tuesday, December 11th. Finally, Piper Jaffray Companies reiterated an “overweight” rating on shares of Equinor ASA in a research note on Tuesday, October 23rd.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its holdings in Equinor ASA by 68.5% in the 4th quarter. BlackRock Inc. now owns 79,268 shares of the company’s stock worth $1,678,000 after acquiring an additional 32,232 shares in the last quarter. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Equinor ASA during the fourth quarter worth $408,000. PNC Financial Services Group Inc. grew its holdings in shares of Equinor ASA by 20.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 35,522 shares of the company’s stock worth $752,000 after buying an additional 6,022 shares in the last quarter. LPL Financial LLC grew its holdings in shares of Equinor ASA by 33.3% during the fourth quarter. LPL Financial LLC now owns 9,667 shares of the company’s stock worth $205,000 after buying an additional 2,413 shares in the last quarter. Finally, Lindbrook Capital LLC purchased a new stake in shares of Equinor ASA during the fourth quarter worth $52,000. 5.39% of the stock is owned by institutional investors.

EQNR opened at $22.60 on Friday. The company has a quick ratio of 1.44, a current ratio of 1.57 and a debt-to-equity ratio of 0.54. 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 $75.23 billion, a P/E ratio of 11.19 and a beta of 0.97.

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 USA; 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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