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Statoil ASA(ADR) (NYSE:STO) was upgraded by equities researchers at Swedbank from a “reduce” rating to a “neutral” rating in a research report issued on Tuesday, AnalystRatingsNetwork reports.

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 released its earnings data on Friday, February 7th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.22. Analysts expect that Statoil AS will post $2.52 EPS for the current fiscal year.

Other equities research analysts have also recently issued reports about the stock. 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. Separately, 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. Finally, analysts at Sanford C. Bernstein raised their price target on shares of Statoil ASA(ADR) from $29.10 to $35.00 in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Statoil ASA(ADR) has an average rating of “Hold” and an average price target of $55.00.

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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