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RBC Capital Reaffirms Their Hold Rating on Equinor ASA (0M2Z)

Tipranks - Tipranks - Fri Oct 9, 2:36AM CDT

RBC Capital analyst Biraj Borkhataria maintained a Hold rating on Equinor ASA yesterday and set a price target of NOK420.00. The company’s shares closed yesterday at NOK403.50.

According to TipRanks, Borkhataria is a 4-star analyst with an average return of 5.4% and a 60.17% success rate. Borkhataria covers the Energy sector, focusing on stocks such as Shell (UK), TotalEnergies SE, and BP p.l.c..

In addition to RBC Capital, Equinor ASA also received a Hold from HSBC’s Kim Fustier in a report issued on September 25. However, today, Barclays maintained a Sell rating on Equinor ASA (LSE: 0M2Z).

See today’s best-performing stocks on TipRanks >>

Based on Equinor ASA’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of NOK34.52 billion and a net profit of NOK4.85 billion. In comparison, last year the company earned a revenue of NOK25.7 billion and had a net profit of NOK1.34 billion

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