Equinor ASA (NYSE:EQNR) Shares Gap Down to $18.54

Equinor ASA (NYSE:EQNR)’s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $19.08, but opened at $18.54. Equinor ASA shares last traded at $18.06, with a volume of 3,962,427 shares trading hands.

EQNR has been the subject of a number of research analyst reports. Danske lowered Equinor ASA from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research lowered Equinor ASA from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. ValuEngine upgraded Equinor ASA from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. DZ Bank raised Equinor ASA from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Finally, JPMorgan Chase & Co. upgraded Equinor ASA from an “underweight” rating to a “neutral” rating in a research note on Monday, September 16th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Equinor ASA presently has a consensus rating of “Hold” and an average price target of $21.36.

The company has a market capitalization of $61.87 billion, a PE ratio of 9.10 and a beta of 1.01. The company’s fifty day moving average is $18.95 and its 200-day moving average is $18.86. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.32 and a quick ratio of 1.18.

A number of institutional investors have recently bought and sold shares of EQNR. Renaissance Technologies LLC raised its position in shares of Equinor ASA by 1.8% in the 2nd quarter. Renaissance Technologies LLC now owns 9,164,223 shares of the company’s stock worth $181,268,000 after acquiring an additional 160,600 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Equinor ASA by 145.4% in the third quarter. Point72 Asset Management L.P. now owns 2,300,781 shares of the company’s stock valued at $43,600,000 after acquiring an additional 1,363,345 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Equinor ASA by 2.7% in the third quarter. Fisher Asset Management LLC now owns 2,233,437 shares of the company’s stock worth $42,324,000 after purchasing an additional 57,801 shares during the last quarter. Morgan Stanley grew its holdings in Equinor ASA by 198.9% in the second quarter. Morgan Stanley now owns 1,502,684 shares of the company’s stock worth $29,723,000 after purchasing an additional 999,931 shares during the last quarter. Finally, Parametric Portfolio Associates LLC increased its position in shares of Equinor ASA by 29.5% during the third quarter. Parametric Portfolio Associates LLC now owns 1,410,249 shares of the company’s stock worth $26,724,000 after purchasing an additional 321,521 shares in the last quarter. Institutional investors own 5.92% of the company’s stock.

Equinor ASA Company Profile (NYSE:EQNR)

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.

Further Reading: Retained Earnings

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