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Statoil ASA(ADR) (NYSE:STO) was downgraded by RBC Capital from a “top pick” rating to a “sector perform” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports.

Statoil AS (NYSE:STO) opened at 30.1025 on Thursday. Statoil AS has a one year low of $20.02 and a one year high of $31.58. The stock’s 50-day moving average is $29.22 and its 200-day moving average is $25.7. The company has a market cap of $95.750 billion and a price-to-earnings ratio of 10.28.

Statoil ASA(ADR) (NYSE:STO) last released its earnings data on Wednesday, April 30th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.62 by $0.20. Analysts expect that Statoil AS will post $2.64 EPS for the current fiscal year.

A number of other analysts have also recently weighed in on STO. Analysts at Bank of America downgraded shares of Statoil ASA(ADR) to a “neutral” rating in a research note on Monday. Separately, analysts at Swedbank downgraded shares of Statoil ASA(ADR) from a “neutral” rating to a “reduce” rating in a research note on Friday, May 9th. Finally, analysts at Danske downgraded shares of Statoil ASA(ADR) from a “buy” rating to a “hold” rating in a research note on Wednesday, April 30th. Five research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $62.50.

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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