Is Equinor ASA (EQNR) Now a Sell? How Analysts Rate it and Why J.P. Morgan Downgraded The Stock

Equinor ASA (EQNR) Receives a Downgrade

J.P. Morgan has decided to issue a report indicating that Equinor ASA (EQNR) shares are now a ‘”Sell”‘ in a research note shared with investors on Thursday morning.

Equinor ASA (NYSE:EQNR) Ratings Coverage

Among 6 analysts covering Equinor ASA (EQNR), 1 have Buy rating, 2 Sell and 3 Hold. Therefore 17% are positive. Equinor ASA had 7 analyst reports since June 11, 2018 according to SRatingsIntel. The company was upgraded on Monday, June 11 by Jefferies. On Thursday, November 29 the stock rating was downgraded by JP Morgan to “Underweight”. The firm has “Market Perform” rating given on Tuesday, July 10 by Bernstein. The stock has “Sell” rating by J.P. Morgan on Thursday, November 29. The stock has “Equal-Weight” rating by Barclays Capital on Tuesday, September 11. The stock of Equinor ASA (NYSE:EQNR) has “Overweight” rating given on Friday, November 23 by Barclays Capital.

The stock decreased 0.64% or $0.15 during the last trading session, reaching $23.38. About 787,964 shares traded. Equinor ASA (EQNR) has risen 38.08% since December 2, 2017 and is uptrending. It has outperformed by 22.46% the S&P500.

Equinor ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company has market cap of $78.09 billion. The firm operates through Development & Production Norway; Development & Production USA; Development & Production International; Marketing, Midstream & Processing; New Energy Solutions; Technology, Projects & Drilling; Exploration; and Global Strategy & Business Development divisions. It has a 11.58 P/E ratio. It also transports, processes, makes, markets, and trades in gas and oil commodities, such as crude and condensate products, gas liquids, natural gas, and liquefied natural gas; markets and trades in electricity and emission rights; and operates refineries, processing and power plants, and terminals.

More notable recent Equinor ASA (NYSE:EQNR) news were published by: Seekingalpha.com which released: “Equinor: Expanding Renewable Footprint Into Solar Is Strongly Positive – Seeking Alpha” on November 19, 2018, also Seekingalpha.com with their article: “Equinor wins Norway’s OK for Snorre field expansion – Seeking Alpha” published on July 05, 2018, Seekingalpha.com published: “Equinor: 3 Promising Recent Developments – Seeking Alpha” on July 09, 2018. More interesting news about Equinor ASA (NYSE:EQNR) were released by: Seekingalpha.com and their article: “Equinor ASA: Second-Quarter Results Analysis – Seeking Alpha” published on September 17, 2018 as well as Seekingalpha.com‘s news article titled: “Equinor: Cash Flow With An Oily Smell – Seeking Alpha” with publication date: November 01, 2018.

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