Jefferies lifts Equinor ASA [EQNR] price estimate. Who else is bullish?

Equinor ASA [NYSE: EQNR] closed the trading session at $19.88 on 02/25/21. The day’s price range saw the stock hit a low of $19.86, while the highest price level was $20.38. The company report on February 24, 2021 that Equinor ASA: Correction: Information relating to proposed dividend for fourth quarter 2020.

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CORRECTION – The below stockmarket announcement (SMA) is a correction of the SMA published on 10 February 2021. The reason for correction is linked to update of ex-date on New York Stock Exchange (NYSE) for holders of ADRs.

Key information relating to the proposed cash dividend to be paid by Equinor (OSE: EQNR, NYSE: EQNR) for fourth quarter 2020.

The stocks have a year to date performance of 21.07 percent and weekly performance of 11.50 percent. The stock has been moved at 21.74 percent over the last six months. The stock has performed 8.22 percent around the most recent 30 days and changed 26.70 percent over the most recent 3-months.

If compared to the average trading volume of 4.41M shares, EQNR reached to a volume of 6690915 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Equinor ASA [EQNR]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for EQNR shares is $21.06 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on EQNR stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Jefferies have made an estimate for Equinor ASA shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 21, 2021. The new note on the price target was released on January 14, 2021, representing the official price target for Equinor ASA stock.

The Average True Range (ATR) for Equinor ASA is set at 0.50, with the Price to Sales ratio for EQNR stock in the period of the last 12 months amounting to 1.34. The Price to Book ratio for the last quarter was 1.90, with the Price to Cash per share for the same quarter was set at 5.62.

EQNR stock trade performance evaluation

Equinor ASA [EQNR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.50. With this latest performance, EQNR shares gained by 8.22% in over the last four-week period, additionally plugging by 21.74% over the last 6 months – not to mention a rise of 25.66% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for EQNR stock in for the last two-week period is set at 68.42, with the RSI for the last a single of trading hit 74.71, and the three-weeks RSI is set at 65.12 for Equinor ASA [EQNR]. The present Moving Average for the last 50 days of trading for this stock 17.99, while it was recorded at 18.94 for the last single week of trading, and 15.81 for the last 200 days.

Equinor ASA [EQNR]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Equinor ASA [EQNR] shares currently have an operating margin of +7.86 and a Gross Margin at +9.36. Equinor ASA’s Net Margin is presently recorded at -12.04.

Return on Total Capital for EQNR is now 5.49, given the latest momentum, and Return on Invested Capital for the company is -9.04. Return on Equity for this stock declined to -15.92, with Return on Assets sitting at -4.98. When it comes to the capital structure of this company, Equinor ASA [EQNR] has a Total Debt to Total Equity ratio set at 112.52. Additionally, EQNR Total Debt to Total Capital is recorded at 52.95, with Total Debt to Total Assets ending up at 31.25. Long-Term Debt to Equity for the company is recorded at 95.47, with the Long-Term Debt to Total Capital now at 44.92.

Receivables Turnover for the company is 6.03 with a Total Asset Turnover recorded at a value of 0.41.Equinor ASA’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.90.

Earnings per share (EPS) analysis for Equinor ASA [EQNR] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for EQNR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Equinor ASA go to 5.80%.

Equinor ASA [EQNR]: Insider Ownership positions

There are presently around $3,852 million, or 5.90% of EQNR stock, in the hands of institutional investors. The top three institutional holders of EQNR stocks are: FOLKETRYGDFONDET with ownership of 122,031,181, which is approximately 1.077% of the company’s market cap and around 67.30% of the total institutional ownership; FMR LLC, holding 12,550,715 shares of the stock with an approximate value of $249.51 million in EQNR stocks shares; and EARNEST PARTNERS LLC, currently with $132.91 million in EQNR stock with ownership of nearly 2.914% of the company’s market capitalization.

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Positions in Equinor ASA stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 119 institutional holders increased their position in Equinor ASA [NYSE:EQNR] by around 11,173,157 shares. Additionally, 106 investors decreased positions by around 45,335,846 shares, while 39 investors held positions by with 137,235,495 shares. The mentioned changes placed institutional holdings at 193,744,498 shares, according to the latest SEC report filing. EQNR stock had 53 new institutional investments in for a total of 2,710,805 shares, while 31 institutional investors sold positions of 3,400,996 shares during the same period.

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