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Equinor ASA (0M2Z) Gets a Buy from Bank of America Securities

Tipranks - Tipranks - Mon Jan 12, 3:28AM CST

In a report released on January 9, Christopher Kuplent from Bank of America Securities maintained a Buy rating on Equinor ASA, with a price target of NOK260.00. The company’s shares closed last Friday at NOK239.70.

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Kuplent covers the Energy sector, focusing on stocks such as TotalEnergies SE, BP p.l.c., and Shell (UK). According to TipRanks, Kuplent has an average return of 0.0% and a 60.76% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Equinor ASA with a NOK224.14 average price target.

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Based on Equinor ASA’s latest earnings release for the quarter ending September 29, the company reported a quarterly revenue of NOK26.02 billion and a GAAP net loss of NOK210 million. In comparison, last year the company earned a revenue of NOK25.42 billion and had a net profit of NOK2.28 billion

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