Equinor ASA to Post Q2 2020 Earnings of $0.39 Per Share, Piper Jaffray Companies Forecasts (EQNR)

Equinor ASA (NYSE:EQNR) – Analysts at Piper Jaffray Companies upped their Q2 2020 EPS estimates for shares of Equinor ASA in a research note issued to investors on Monday, February 11th. Piper Jaffray Companies analyst B. Fernandez now anticipates that the company will post earnings per share of $0.39 for the quarter, up from their prior forecast of $0.37. Piper Jaffray Companies has a “Neutral” rating on the stock. Piper Jaffray Companies also issued estimates for Equinor ASA’s Q3 2020 earnings at $0.38 EPS and FY2020 earnings at $1.64 EPS.

Several other research analysts also recently commented on EQNR. Zacks Investment Research downgraded Equinor ASA from a “buy” rating to a “hold” rating in a report on Wednesday, December 5th. Macquarie downgraded Equinor ASA from an “outperform” rating to a “neutral” rating in a report on Thursday. ValuEngine downgraded Equinor ASA from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Deutsche Bank raised Equinor ASA from a “hold” rating to a “buy” rating in a report on Monday, December 10th. Finally, Credit Suisse Group downgraded Equinor ASA from a “neutral” rating to an “underperform” rating in a report on Wednesday, January 23rd. Four investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $26.36.

Shares of EQNR opened at $22.64 on Wednesday. The company has a market capitalization of $75.23 billion, a PE ratio of 11.21 and a beta of 0.97. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.44 and a current ratio of 1.57. Equinor ASA has a one year low of $19.95 and a one year high of $28.93.

A number of large investors have recently bought and sold shares of EQNR. Cornerstone Advisors Inc. lifted its holdings 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 buying an additional 663 shares in the last quarter. We Are One Seven LLC acquired a new position in Equinor ASA during the 4th quarter worth $31,000. BOKF NA acquired a new position in Equinor ASA during the 4th quarter worth $35,000. Lindbrook Capital LLC acquired a new position in Equinor ASA during the 4th quarter worth $52,000. Finally, Legacy Financial Advisors Inc. lifted its holdings in Equinor ASA by 8,963.3% during the 4th 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 in the last quarter. 5.39% of the stock is currently owned by hedge funds and other institutional investors.

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 USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development segments.

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Earnings History and Estimates for Equinor ASA (NYSE:EQNR)

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