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Statoil (NYSE:STO) was downgraded by ABG Sundal Collier from a “buy” rating to a “hold” rating in a research note issued on Monday, AnalystRatings.Net reports.

Shares of Statoil (NYSE:STO) traded down 0.43% during mid-day trading on Monday, hitting $25.29. 1,102,528 shares of the company’s stock traded hands. Statoil has a 52-week low of $20.02 and a 52-week high of $26.35. The stock’s 50-day moving average is $24.16 and its 200-day moving average is $22.94. The company has a market cap of $80.405 billion and a price-to-earnings ratio of 11.60.

Statoil (NYSE:STO) last announced its earnings results on Friday, February 7th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.22. Analysts expect that Statoil will post $2.57 EPS for the current fiscal year.

STO has been the subject of a number of other recent research reports. Analysts at Handelsbanken downgraded shares of Statoil from an “accumulate” rating to a “reduce” rating in a research note to investors on Monday. Separately, analysts at Swedbank upgraded shares of Statoil from a “neutral” rating to a “buy” rating in a research note to investors on Monday. Finally, analysts at Nordea Equity Research downgraded shares of Statoil from a “buy” rating to a “hold” rating in a research note to investors on Monday. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $52.30.

Statoil ASA (NYSE:STO), formerly StatoilHydro ASA is an integrated energy company based in Norway with locations in approximately 40 other countries worldwide.

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