Equities Analysts Decrease Earnings Estimates for Equinor ASA (EQNR)

Equities Analysts Decrease Earnings Estimates for Equinor ASA (EQNR)

Equinor ASA (NYSE:EQNR) – Equities researchers at Jefferies Financial Group decreased their Q2 2019 earnings per share (EPS) estimates for shares of Equinor ASA in a research note issued to investors on Tuesday, May 7th. Jefferies Financial Group analyst J. Gammel now anticipates that the company will earn $0.44 per share for the quarter, down from their prior forecast of $0.45. Jefferies Financial Group also issued estimates for Equinor ASA’s Q3 2019 earnings at $0.42 EPS and Q4 2019 earnings at $0.41 EPS.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Friday, May 3rd. The company reported $0.46 earnings per share for the quarter, topping 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 16.09%. The firm had revenue of $16.41 billion during the quarter.

Other equities research analysts also recently issued research reports about the stock. ValuEngine downgraded shares of Equinor ASA from a “hold” rating to a “sell” rating in a research note on Friday, April 26th. Zacks Investment Research raised shares of Equinor ASA from a “sell” rating to a “hold” rating in a research note on Friday, April 19th. Pareto Securities raised shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. Macquarie downgraded shares of Equinor ASA from an “outperform” rating to a “neutral” rating in a research note on Thursday, February 14th. Finally, Piper Jaffray Companies downgraded shares of Equinor ASA from an “overweight” rating to a “neutral” rating in a research note on Monday, February 11th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Equinor ASA presently has a consensus rating of “Hold” and an average price target of $26.36.
Shares of NYSE:EQNR opened at $21.11 on Thursday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.57 and a quick ratio of 1.44. Equinor ASA has a fifty-two week low of $19.95 and a fifty-two week high of $28.93. The firm has a market cap of $72.60 billion, a P/E ratio of 10.45 and a beta of 0.90.

A number of institutional investors have recently added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of Equinor ASA by 27.1% in the fourth quarter. FMR LLC now owns 15,848,335 shares of the company’s stock valued at $335,510,000 after acquiring an additional 3,374,607 shares during the period. Fisher Asset Management LLC raised its stake in shares of Equinor ASA by 3.6% in the fourth quarter. Fisher Asset Management LLC now owns 1,816,082 shares of the company’s stock valued at $38,446,000 after acquiring an additional 63,772 shares during the period. Parametric Portfolio Associates LLC raised its stake in shares of Equinor ASA by 4.0% in the first quarter. Parametric Portfolio Associates LLC now owns 1,199,236 shares of the company’s stock valued at $26,347,000 after acquiring an additional 46,268 shares during the period. Deutsche Bank AG raised its stake in shares of Equinor ASA by 146.5% in the fourth quarter. Deutsche Bank AG now owns 780,595 shares of the company’s stock valued at $16,525,000 after acquiring an additional 463,946 shares during the period. Finally, Jennison Associates LLC raised its stake in shares of Equinor ASA by 14.3% in the first quarter. Jennison Associates LLC now owns 678,524 shares of the company’s stock valued at $14,907,000 after acquiring an additional 84,679 shares during the period. 5.43% of the stock is currently owned by institutional investors.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 28th. Investors of record on Monday, May 20th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date is Friday, May 17th. Equinor ASA’s payout ratio is 33.17%.

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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