Berenberg Bank Keeps Their Hold Rating on Equinor ASA (0M2Z)
In a report released on January 23, James Carmichael from Berenberg Bank maintained a Hold rating on Equinor ASA, with a price target of NOK225.00. The company’s shares closed last Friday at NOK249.70.
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According to TipRanks, Carmichael is an analyst with an average return of -7.6% and a 34.74% success rate. Carmichael covers the Energy sector, focusing on stocks such as GALP Energia SGPS, Repsol, and Jadestone Energy Inc.
The word on The Street in general, suggests a Moderate Sell analyst consensus rating for Equinor ASA with a NOK228.22 average price target, a -8.60% downside from current levels. In a report released yesterday, Jefferies also initiated coverage with a Hold rating on the stock with a $0.00 price target.
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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