Traders Purchase Large Volume of Statoil ASA(ADR) Call Options (STO)
Shares of Statoil ASA(ADR) (NYSE:STO) were the recipient of unusually large options trading on Wednesday. Investors purchased 6,011 call options on the stock, Analyst Ratings Network reports. This is an increase of 612% compared to the typical volume of 844 call options.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley downgraded shares of Statoil ASA(ADR) from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 14th. Separately, analysts at Jefferies Group initiated coverage on shares of Statoil ASA(ADR) in a research note on Monday, June 16th. They set an “underperform” rating on the stock. Finally, analysts at Deutsche Bank downgraded shares of Statoil ASA(ADR) from a “buy” rating to a “hold” rating in a research note on Thursday, June 12th. They noted that the move was a valuation call. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Statoil ASA(ADR) has an average rating of “Hold” and an average price target of $73.67.
Statoil AS (NYSE:STO) remained flat at $28.43 during during mid-day trading trading on Wednesday. The stock had a trading volume of 1,459,829 shares. Statoil AS has a 52-week low of $21.01 and a 52-week high of $31.95. The stock’s 50-day moving average is $29.9 and its 200-day moving average is $28.79. The company has a market cap of $90.419 billion and a price-to-earnings ratio of 8.76.
Statoil ASA(ADR) (NYSE:STO) last posted its quarterly earnings results on Friday, July 25th. The company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.06. Analysts expect that Statoil AS will post $2.49 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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