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Statoil (NYSE:STO) was upgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a report released on Monday, Stock Ratings reports.

A number of other firms have also recently commented on STO. Analysts at Howard Weil upgraded shares of Statoil from a “sector outperform” rating to a “focus stock” rating in a research note to investors on Friday. They now have a $31.00 price target on the stock. Separately, analysts at Kepler Capital Markets initiated coverage on shares of Statoil in a research note to investors on Friday, January 24th. They set a “hold” rating on the stock. Finally, analysts at Swedbank downgraded shares of Statoil from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, January 23rd. Three analysts have rated the stock with a sell rating, nine have issued a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $52.30.

Statoil (NYSE:STO) traded down 0.59% during mid-day trading on Monday, hitting $25.25. The stock had a trading volume of 933,962 shares. 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 $80.277 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.22. Analysts expect that Statoil will post $2.57 EPS for the current fiscal year.

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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