TD Cowen Sticks to Their Hold Rating for Equinor ASA (EQNR)

In a report released today, Jason Gabelman from TD Cowen maintained a Hold rating on Equinor ASA, with a price target of $37.00.

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Gabelman covers the Energy sector, focusing on stocks such as Equinor ASA, Shell, and BP. According to TipRanks, Gabelman has an average return of 12.7% and a 63.53% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Equinor ASA with a $35.35 average price target.

Based on Equinor ASA’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $27.82 billion and a net profit of $3.11 billion. In comparison, last year the company earned a revenue of $29.38 billion and had a net profit of $2.63 billion