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Statoil ASA(ADR) (NYSE:STO) was upgraded by research analysts at Swedbank from a “reduce” rating to a “neutral” rating in a report released on Thursday.

A number of other analysts have also recently weighed in on STO. 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. Five investment analysts have rated the stock with a sell rating, fourteen have given a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $73.67.

Shares of Statoil AS (NYSE:STO) traded down 0.18% on Thursday, hitting $28.09. The stock had a trading volume of 271,012 shares. Statoil AS has a one year low of $21.01 and a one year high of $31.95. The stock has a 50-day moving average of $29.86 and a 200-day moving average of $28.79. The company has a market cap of $89.337 billion and a P/E ratio of 8.67. Statoil ASA(ADR) also was the recipient of some unusual options trading activity on Tuesday. Stock investors bought 10,068 put options on the stock. This is an increase of 1,698% compared to the average daily volume of 560 put options.

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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