Equinor ASA Expected to Earn Q1 2022 Earnings of $1.57 Per Share (NYSE:EQNR)

Equinor ASA (NYSE:EQNRGet Rating) – Research analysts at Jefferies Financial Group lifted their Q1 2022 earnings estimates for shares of Equinor ASA in a research note issued to investors on Wednesday, April 20th. Jefferies Financial Group analyst G. Romeo now expects that the company will post earnings per share of $1.57 for the quarter, up from their prior forecast of $1.35. Jefferies Financial Group also issued estimates for Equinor ASA’s Q2 2022 earnings at $1.18 EPS, Q3 2022 earnings at $1.13 EPS, Q4 2022 earnings at $1.36 EPS, FY2023 earnings at $4.08 EPS and FY2024 earnings at $3.11 EPS.

A number of other analysts have also issued reports on EQNR. StockNews.com lowered Equinor ASA from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 7th. SEB Equities upgraded Equinor ASA from a “hold” rating to a “buy” rating and set a $42.02 target price for the company in a research report on Friday, April 1st. Morgan Stanley raised their price target on Equinor ASA from $30.67 to $31.80 and gave the company an “underweight” rating in a report on Wednesday, March 23rd. Barclays lifted their target price on Equinor ASA from 300.00 to 340.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 6th. Finally, Sanford C. Bernstein cut Equinor ASA from an “outperform” rating to a “market perform” rating and lifted their price objective for the stock from $35.00 to $36.00 in a research note on Tuesday, January 4th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $97.25.

Shares of NYSE EQNR opened at $35.91 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.51 and a current ratio of 1.60. The firm has a market cap of $116.57 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 0.16 and a beta of 1.00. The business’s 50-day simple moving average is $34.82 and its 200-day simple moving average is $29.79. Equinor ASA has a 52 week low of $18.44 and a 52 week high of $39.15.

Equinor ASA (NYSE:EQNRGet Rating) last announced its quarterly earnings data on Wednesday, February 9th. The company reported $1.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.14. Equinor ASA had a return on equity of 30.67% and a net margin of 9.57%. The firm had revenue of $32.61 billion during the quarter. During the same period in the prior year, the company posted ($0.18) earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Investors of record on Friday, May 13th will be paid a $0.20 dividend. This is an increase from Equinor ASA’s previous quarterly dividend of $0.18. The ex-dividend date is Thursday, May 12th. This represents a $0.80 annualized dividend and a yield of 2.23%. Equinor ASA’s dividend payout ratio is presently 19.70%.

A number of institutional investors have recently bought and sold shares of EQNR. OLD Mission Capital LLC bought a new position in shares of Equinor ASA in the third quarter worth $4,007,000. M&T Bank Corp boosted its holdings in shares of Equinor ASA by 4.1% during the third quarter. M&T Bank Corp now owns 12,564 shares of the company’s stock worth $320,000 after purchasing an additional 499 shares during the period. Intrust Bank NA boosted its holdings in shares of Equinor ASA by 2.0% during the third quarter. Intrust Bank NA now owns 22,640 shares of the company’s stock worth $577,000 after purchasing an additional 445 shares during the period. Capital Analysts LLC lifted its holdings in Equinor ASA by 146.1% in the third quarter. Capital Analysts LLC now owns 2,958 shares of the company’s stock worth $75,000 after buying an additional 1,756 shares during the period. Finally, Pendal Group Ltd lifted its holdings in shares of Equinor ASA by 3.4% during the third quarter. Pendal Group Ltd now owns 78,929 shares of the company’s stock valued at $2,009,000 after purchasing an additional 2,611 shares during the last quarter. Institutional investors and hedge funds own 5.51% of the company’s stock.

About Equinor ASA (Get Rating)

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.

Further Reading

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

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