Equinor ASA (EQNR) Stock Rating Lowered by JPMorgan Chase & Co.

Equinor ASA (NYSE:EQNR) was downgraded by JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a research report issued to clients and investors on Thursday, Marketbeat Ratings reports.

EQNR has been the subject of a number of other reports. Zacks Investment Research raised shares of Equinor ASA from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective for the company in a research report on Tuesday, October 16th. Barclays raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating in a research report on Tuesday, September 11th. Bank of America upgraded shares of Equinor ASA from a “neutral” rating to a “buy” rating in a research note on Friday, October 5th. Piper Jaffray Companies reiterated an “overweight” rating on shares of Equinor ASA in a research note on Tuesday, October 23rd. Finally, ValuEngine cut shares of Equinor ASA from a “buy” rating to a “hold” rating in a research note on Thursday, November 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Equinor ASA currently has an average rating of “Hold” and a consensus target price of $28.00.

Shares of EQNR stock opened at $23.38 on Thursday. Equinor ASA has a 52-week low of $19.91 and a 52-week high of $28.93. The company has a quick ratio of 1.19, a current ratio of 1.36 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $78.33 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 0.50 and a beta of 0.95.

Equinor ASA (NYSE:EQNR) last issued its quarterly earnings data on Wednesday, October 24th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.08. Equinor ASA had a net margin of 9.08% and a return on equity of 15.62%. The business had revenue of $19.14 billion during the quarter. On average, equities analysts expect that Equinor ASA will post 2.14 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley lifted its stake in shares of Equinor ASA by 5.2% during the 3rd quarter. Morgan Stanley now owns 229,851 shares of the company’s stock valued at $6,482,000 after buying an additional 11,375 shares in the last quarter. Rehmann Capital Advisory Group lifted its stake in shares of Equinor ASA by 2,324.6% during the 3rd quarter. Rehmann Capital Advisory Group now owns 7,783 shares of the company’s stock valued at $276,000 after buying an additional 7,462 shares in the last quarter. Knowledge Leaders Capital LLC lifted its stake in shares of Equinor ASA by 59.6% during the 3rd quarter. Knowledge Leaders Capital LLC now owns 14,248 shares of the company’s stock valued at $402,000 after buying an additional 5,322 shares in the last quarter. Pacer Advisors Inc. lifted its stake in shares of Equinor ASA by 10.1% during the 3rd quarter. Pacer Advisors Inc. now owns 149,163 shares of the company’s stock valued at $4,206,000 after buying an additional 13,642 shares in the last quarter. Finally, Jefferies Group LLC lifted its stake in shares of Equinor ASA by 176.3% during the 3rd quarter. Jefferies Group LLC now owns 25,144 shares of the company’s stock valued at $709,000 after buying an additional 16,044 shares in the last quarter. Hedge funds and other institutional investors own 5.42% 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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Analyst Recommendations for Equinor ASA (NYSE:EQNR)

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