Equinor ASA (NYSE:EQNR) was upgraded by HSBC from a “hold” rating to a “buy” rating in a report issued on Friday, The Fly reports.

EQNR has been the topic of a number of other research reports. ValuEngine lowered shares of Equinor ASA from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Pareto Securities raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. Macquarie lowered shares of Equinor ASA from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 14th. Zacks Investment Research raised shares of Equinor ASA from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Finally, Piper Jaffray Companies lowered shares of Equinor ASA from an “overweight” rating to a “neutral” rating in a research note on Monday, February 11th. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. Equinor ASA presently has a consensus rating of “Hold” and a consensus target price of $26.36.

Shares of EQNR opened at $19.15 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.35 and a current ratio of 1.48. Equinor ASA has a twelve month low of $18.91 and a twelve month high of $28.93. The company has a market capitalization of $63.85 billion, a price-to-earnings ratio of 9.45 and a beta of 0.90.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Friday, May 3rd. The company reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.06. Equinor ASA had a net margin of 10.46% and a return on equity of 15.79%. The firm had revenue of $16.41 billion for the quarter. Analysts anticipate that Equinor ASA will post 1.81 earnings per share for the current year.

Several hedge funds have recently made changes to their positions in EQNR. Bank of New York Mellon Corp lifted its position in shares of Equinor ASA by 18.6% in the third quarter. Bank of New York Mellon Corp now owns 82,885 shares of the company’s stock worth $2,336,000 after purchasing an additional 13,000 shares in the last quarter. JPMorgan Chase & Co. raised its position in Equinor ASA by 246.7% during the third quarter. JPMorgan Chase & Co. now owns 68,165 shares of the company’s stock worth $1,923,000 after acquiring an additional 48,505 shares in the last quarter. Morgan Stanley raised its position in Equinor ASA by 5.2% during the third quarter. Morgan Stanley now owns 229,851 shares of the company’s stock worth $6,482,000 after acquiring an additional 11,375 shares in the last quarter. We Are One Seven LLC bought a new stake in Equinor ASA during the fourth quarter worth $31,000. Finally, Flagship Harbor Advisors LLC raised its position in Equinor ASA by 21.2% during the fourth quarter. Flagship Harbor Advisors LLC now owns 7,815 shares of the company’s stock worth $165,000 after acquiring an additional 1,365 shares in the last quarter. 5.51% of the stock is currently owned by institutional investors and hedge funds.

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 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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