Statoil ASA(ADR) Raised to Buy at Deutsche Bank (STO)
Statoil ASA(ADR) (NYSE:STO) was upgraded by analysts at Deutsche Bank from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday, TheFlyOnTheWall.com reports.
A number of other analysts have also recently weighed in on STO. Analysts at Swedbank upgraded shares of Statoil ASA(ADR) from a “reduce” rating to a “neutral” rating in a research note on Thursday, August 14th. Separately, 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. Finally, 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. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. Statoil ASA(ADR) has an average rating of “Hold” and a consensus target price of $73.67.
Statoil AS (NYSE:STO) traded up 2.20% on Tuesday, hitting $29.015. The stock had a trading volume of 2,190,133 shares. Statoil AS has a 52-week low of $21.99 and a 52-week high of $31.95. The stock’s 50-day moving average is $29.06 and its 200-day moving average is $29.11. The company has a market cap of $92.279 billion and a price-to-earnings ratio of 8.66.
Statoil ASA(ADR) (NYSE:STO) last issued its quarterly earnings data 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 $2.50 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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