Equinor ASA (NYSE:EQNR) Short Interest Update

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.

Equinor ASA (NYSE:EQNR) last announced its quarterly earnings results on Thursday, October 24th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.04. The business had revenue of $15.61 billion for the quarter. Equinor ASA had a return on equity of 12.12% and a net margin of 7.61%. Equities analysts forecast that Equinor ASA will post 1.5 earnings per share for the current year.

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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