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Equinor ASA (0M2Z) Gets a Sell from RBC Capital

Tipranks - Tipranks - Tue Mar 24, 8:56PM CDT

In a report released on March 20, Biraj Borkhataria from RBC Capital maintained a Sell rating on Equinor ASA, with a price target of NOK380.00. The company’s shares closed last Friday at NOK394.90.

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Borkhataria covers the Energy sector, focusing on stocks such as Shell (UK), BP p.l.c., and Exxon Mobil. According to TipRanks, Borkhataria has an average return of 5.1% and a 58.97% success rate on recommended stocks.

In addition to RBC Capital, Equinor ASA also received a Sell from Barclays’s Naisheng Cui in a report issued on March 17. However, on March 20, UBS upgraded Equinor ASA (LSE: 0M2Z) to a Hold.

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Based on Equinor ASA’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of NOK28.41 billion and a net profit of NOK1.31 billion. In comparison, last year the company earned a revenue of NOK26.54 billion and had a net profit of NOK2 billion

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