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Analysts at BMO Capital Markets started coverage on shares of Statoil ASA(ADR) (NYSE:STO) in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports. The firm set a “market perform” rating on the stock.

Several other analysts have also recently commented on the stock. Analysts at Swedbank upgraded shares of Statoil ASA(ADR) from a “reduce” rating to a “neutral” rating in a research note on Tuesday. Separately, analysts at BNP Paribas downgraded shares of Statoil ASA(ADR) from a “neutral” rating to an “underperform” rating in a research note on Thursday, April 10th. Finally, analysts at Societe Generale downgraded shares of Statoil ASA(ADR) from a “buy” rating to a “hold” rating in a research note on Tuesday, April 8th. Four analysts have rated the stock with a sell rating, twelve have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Statoil ASA(ADR) presently has a consensus rating of “Hold” and a consensus price target of $55.00.

Shares of Statoil AS (NYSE:STO) opened at 28.34 on Tuesday. Statoil AS has a 52 week low of $20.02 and a 52 week high of $28.58. The stock’s 50-day moving average is $27.44 and its 200-day moving average is $24.. The company has a market cap of $90.090 billion and a price-to-earnings ratio of 12.70.

Statoil ASA(ADR) (NYSE:STO) last posted its quarterly 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 AS will post $2.52 EPS for the current fiscal year.

Statoil ASA (NYSE:STO) is a Norway-based integrated energy company primarily engaged in oil and gas exploration and production activities.

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