Statoil ASA(ADR) Given Average Rating of “Hold” by Analysts (NYSE:STO)
Statoil ASA(ADR) (NYSE:STO) has received a consensus recommendation of “Hold” from the twenty-four brokerages that are currently covering the stock, Analyst RN reports. Five research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $73.67.
Shares of Statoil AS (NYSE:STO) opened at 29.09 on Wednesday. Statoil AS has a 1-year low of $21.99 and a 1-year high of $31.95. The stock has a 50-day moving average of $29.00 and a 200-day moving average of $29.20. The company has a market cap of $92.518 billion and a P/E ratio of 8.91.
Statoil ASA(ADR) (NYSE:STO) last posted its quarterly earnings results on Friday, July 25th. The company reported $0.50 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.56 by $0.06. On average, analysts predict that Statoil AS will post $2.50 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank upgraded shares of Statoil ASA(ADR) from a “hold” rating to a “buy” rating in a research note on Tuesday. Separately, 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. Finally, 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.
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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