New Big Money Means Equinor ASA (EQNR) Investors Could Reap Benefit

250 institutions hold shares in Equinor ASA (EQNR), with institutional investors hold 6.89% of the company’s shares. The shares outstanding are 3.25B, and float is at 993.81M with Short Float at 0.96%. Institutions hold 6.89% of the Float.

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The top institutional shareholder in the company is FMR, LLC with over 12.55 million shares valued at $206.08 million. The investor’s holdings represent 0.39% of the EQNR Shares outstanding. As of Dec 30, 2020, the second largest holder is Earnest Partners LLC with 6.69 million shares valued at $109.78 million to account for 0.21% of the shares outstanding. The other top investors are Blackrock Inc. which holds 5.33 million shares representing 0.16% and valued at over $87.52 million, while Bank of America Corporation holds 0.12% of the shares totaling 3.91 million with a market value of $64.27 million.

Equinor ASA (NYSE: EQNR) is 12.00% higher on its value in year-to-date trading and has touched a low of $8.41 and a high of $19.97 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The EQNR stock was last observed hovering at around $17.89 in the last trading session, with the day’s gains setting it 0.5% off its average median price target of $21.06 for the next 12 months. It is also 20.49% off the consensus price target high of $23.13 offered by 3 analysts, but current levels are 3.21% higher than the price target low of $19.00 for the same period.

Currently trading at $18.39, the stock is 0.97% and 3.33% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.5 million and changing 2.79% at the moment leaves the stock 17.18% off its SMA200. EQNR registered 7.29% gain for a year compared to 6-month gain of 15.37%. The firm has a 50-day simple moving average (SMA 50) of $18.42 and a 200-day simple moving average (SMA200) of $16.08.

The stock witnessed a -5.84% loss in the last 1 month and extending the period to 3 months gives it a 20.75%, and is 2.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.13% over the week and 2.04% over the month.

Equinor ASA (EQNR) has around 21412 employees, a market worth around $60.27B and $48.78B in sales. Fwd P/E is 9.55. Profit margin for the company is -6.80%. Distance from 52-week low is 118.67% and -7.91% from its 52-week high. The company has generated returns on investments over the last 12 months (2.60%).

Equinor ASA (EQNR) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Equinor ASA (EQNR) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.00, where 1 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Equinor ASA is expected to release its quarterly report on 04/29/2021 and quarterly earnings per share for the current quarter are estimated at $0.The EPS is expected to shrink by -75.50% this year.

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