Equinor ASA (NYSE:EQNR) saw a large decrease in short interest during the month of August. As of August 31st, there was short interest totalling 2,493,700 shares, a decrease of 11.6% from the July 31st total of 2,819,800 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,990,000 shares, the short-interest ratio is currently 1.3 days.

A number of equities analysts have recently commented on EQNR shares. Goldman Sachs Group upgraded shares of Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 1st. Banco Santander upgraded shares of Equinor ASA to a “hold” rating in a research note on Monday, June 17th. Santander upgraded shares of Equinor ASA from an “underperform” rating to a “hold” rating in a research note on Monday, June 17th. Credit Suisse Group upgraded shares of Equinor ASA from an “underperform” rating to an “outperform” rating in a research note on Wednesday, September 4th. Finally, HSBC upgraded shares of Equinor ASA from a “hold” rating to a “buy” rating in a research note on Friday, May 31st. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Equinor ASA presently has an average rating of “Hold” and an average price target of $24.77.

A number of large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC lifted its stake in Equinor ASA by 2.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 17,434 shares of the company’s stock valued at $383,000 after purchasing an additional 481 shares during the last quarter. Raymond James Trust N.A. lifted its stake in Equinor ASA by 6.6% in the 2nd quarter. Raymond James Trust N.A. now owns 10,146 shares of the company’s stock valued at $200,000 after purchasing an additional 629 shares during the last quarter. Princeton Global Asset Management LLC lifted its stake in Equinor ASA by 1.5% in the 2nd quarter. Princeton Global Asset Management LLC now owns 60,655 shares of the company’s stock valued at $1,200,000 after purchasing an additional 901 shares during the last quarter. LPL Financial LLC lifted its stake in Equinor ASA by 11.7% in the 2nd quarter. LPL Financial LLC now owns 11,156 shares of the company’s stock valued at $221,000 after purchasing an additional 1,172 shares during the last quarter. Finally, Confluence Investment Management LLC lifted its stake in Equinor ASA by 3.7% in the 2nd quarter. Confluence Investment Management LLC now owns 39,459 shares of the company’s stock valued at $780,000 after purchasing an additional 1,395 shares during the last quarter. Institutional investors and hedge funds own 5.73% of the company’s stock.

NYSE:EQNR traded up $0.26 during mid-day trading on Friday, hitting $19.43. The stock had a trading volume of 2,316,077 shares, compared to its average volume of 1,580,277. Equinor ASA has a twelve month low of $16.24 and a twelve month high of $28.93. The stock has a market cap of $63.30 billion, a price-to-earnings ratio of 9.62 and a beta of 0.93. The company’s 50 day simple moving average is $17.35 and its 200 day simple moving average is $20.22. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 1.43.

Equinor ASA (NYSE:EQNR) last issued its earnings results on Thursday, July 25th. The company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.07). Equinor ASA had a net margin of 10.94% and a return on equity of 14.13%. The firm had revenue of $17.10 billion during the quarter. As a group, equities analysts forecast that Equinor ASA will post 1.56 earnings per share for the current year.

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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