Equinor ASA (EQNR) To Go Ex-Dividend on November 19th

Equinor ASA (NYSE:EQNR) declared a quarterly dividend on Tuesday, July 23rd,NASDAQ Dividends reports. Shareholders of record on Tuesday, November 19th will be paid a dividend of 0.35 per share on Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 5.84%. The ex-dividend date is Tuesday, November 19th.

Equinor ASA has raised its dividend by an average of 15.7% per year over the last three years. Equinor ASA has a dividend payout ratio of 45.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Equinor ASA to earn $3.16 per share next year, which means the company should continue to be able to cover its $1.40 annual dividend with an expected future payout ratio of 44.3%.

Equinor ASA Stock Up 1.1 %

EQNR opened at $23.96 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.48 and a debt-to-equity ratio of 0.51. The stock has a market cap of $66.92 billion, a PE ratio of 7.35, a P/E/G ratio of 5.21 and a beta of 0.84. The business’s fifty day simple moving average is $24.62 and its 200 day simple moving average is $26.46. Equinor ASA has a 52 week low of $22.15 and a 52 week high of $33.24.

Equinor ASA (NYSE:EQNR) last released its quarterly earnings data on Thursday, October 24th. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.74 by $0.05. The firm had revenue of $25.45 billion for the quarter, compared to the consensus estimate of $24.45 billion. Equinor ASA had a return on equity of 19.97% and a net margin of 8.95%. During the same quarter in the previous year, the business earned $0.92 earnings per share. As a group, research analysts expect that Equinor ASA will post 3.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on EQNR shares. StockNews.com raised shares of Equinor ASA from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, November 5th. Barclays upgraded shares of Equinor ASA to a “hold” rating in a report on Wednesday, October 2nd. Morgan Stanley raised shares of Equinor ASA from an “underweight” rating to an “equal weight” rating and set a $25.80 price objective on the stock in a research note on Monday, October 14th. Citigroup upgraded shares of Equinor ASA to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, UBS Group upgraded Equinor ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, August 8th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Equinor ASA currently has a consensus rating of “Hold” and a consensus price target of $26.90.

Equinor ASA Company Profile

Equinor ASA, an energy company, engages in the exploration, production, transportation, refining, and marketing of petroleum and other forms of energy in Norway and internationally. It operates through Exploration & Production Norway; Exploration & Production International; Exploration & Production USA; Marketing, Midstream & Processing; Renewables; and Other segments.