Equinor ASA (NYSE:EQNR) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 3,190,000 shares, a drop of 15.4% from the December 15th total of 3,770,000 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 2,080,000 shares, the short-interest ratio is presently 1.5 days.
EQNR has been the topic of a number of research analyst reports. ValuEngine raised Equinor ASA from a “sell” rating to a “hold” rating in a report on Wednesday, October 2nd. Danske downgraded Equinor ASA from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. JPMorgan Chase & Co. raised Equinor ASA from a “neutral” rating to an “overweight” rating in a report on Friday, December 6th. DNB Markets downgraded Equinor ASA from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating on shares of Equinor ASA in a report on Friday, January 3rd. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $20.50.
Shares of NYSE EQNR traded down $0.06 during mid-day trading on Tuesday, hitting $20.43. The company had a trading volume of 2,899,000 shares, compared to its average volume of 2,256,645. The stock has a market cap of $68.24 billion, a price-to-earnings ratio of 10.11 and a beta of 1.01. Equinor ASA has a 12 month low of $16.24 and a 12 month high of $23.97. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.32 and a quick ratio of 1.18. The firm’s 50 day simple moving average is $19.46 and its two-hundred day simple moving average is $18.82.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Knuff & Co LLC bought a new stake in shares of Equinor ASA in the 3rd quarter worth approximately $25,000. Northwest Investment Counselors LLC bought a new stake in shares of Equinor ASA in the 3rd quarter worth approximately $28,000. Parallel Advisors LLC lifted its holdings in shares of Equinor ASA by 44.3% in the 3rd quarter. Parallel Advisors LLC now owns 2,386 shares of the company’s stock worth $45,000 after purchasing an additional 732 shares during the last quarter. Lindbrook Capital LLC lifted its holdings in shares of Equinor ASA by 131.9% in the 3rd quarter. Lindbrook Capital LLC now owns 3,602 shares of the company’s stock worth $68,000 after purchasing an additional 2,049 shares during the last quarter. Finally, HM Payson & Co. bought a new stake in shares of Equinor ASA in the 2nd quarter worth approximately $75,000. 5.92% of the stock is currently owned by institutional investors and hedge funds.
About Equinor ASA
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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