Equinor ASA (NYSE:EQNR) – Stock analysts at Piper Jaffray Companies upped their Q1 2019 earnings per share estimates for shares of Equinor ASA in a research note issued on Wednesday, April 10th, according to Zacks Investment Research. Piper Jaffray Companies analyst B. Fernandez now forecasts that the company will post earnings of $0.40 per share for the quarter, up from their previous estimate of $0.39. Piper Jaffray Companies has a “Neutral” rating on the stock. Piper Jaffray Companies also issued estimates for Equinor ASA’s Q2 2020 earnings at $0.38 EPS, Q3 2020 earnings at $0.37 EPS and FY2020 earnings at $1.61 EPS.
A number of other brokerages have also recently commented on EQNR. ValuEngine cut shares of Equinor ASA from a “hold” rating to a “sell” rating in a report on Friday, April 26th. Zacks Investment Research cut shares of Equinor ASA from a “hold” rating to a “sell” rating in a report on Friday, April 12th. Macquarie cut shares of Equinor ASA from an “outperform” rating to a “neutral” rating in a report on Thursday, February 14th. Credit Suisse Group cut shares of Equinor ASA from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 23rd. Finally, Pareto Securities raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, February 25th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $26.36.
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 analysts’ consensus estimates of $0.40 by $0.06. Equinor ASA had a net margin of 9.47% and a return on equity of 15.88%. The business had revenue of $16.41 billion during the quarter.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 20th will be given a $0.26 dividend. The ex-dividend date is Friday, May 17th. This is a positive change from Equinor ASA’s previous quarterly dividend of $0.23. This represents a $1.04 annualized dividend and a dividend yield of 4.77%. Equinor ASA’s payout ratio is currently 33.17%.
Large investors have recently added to or reduced their stakes in the business. Cornerstone Advisors Inc. increased its position in Equinor ASA by 289.5% during the 3rd quarter. Cornerstone Advisors Inc. now owns 892 shares of the company’s stock worth $25,000 after purchasing an additional 663 shares in the last quarter. We Are One Seven LLC bought a new position in Equinor ASA during the fourth quarter worth $31,000. BOKF NA bought a new position in Equinor ASA during the fourth quarter worth $35,000. Lindbrook Capital LLC bought a new position in Equinor ASA during the fourth quarter worth $52,000. Finally, Legacy Financial Advisors Inc. increased its position in Equinor ASA by 8,963.3% in the fourth quarter. Legacy Financial Advisors Inc. now owns 2,719 shares of the company’s stock worth $58,000 after buying an additional 2,689 shares during the period. Institutional investors own 5.44% of the company’s stock.
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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