Statoil ASA (NYSE:STO) Given Average Rating of “Hold” by Analysts
Statoil ASA (NYSE:STO) has earned an average recommendation of “Hold” from the sixteen ratings firms that are currently covering the firm, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $18.50.
Several equities analysts recently weighed in on STO shares. Zacks Investment Research upgraded shares of Statoil ASA from a “strong sell” rating to a “hold” rating in a report on Monday, April 24th. Scotiabank set a $17.00 price target on shares of Statoil ASA and gave the stock a “hold” rating in a report on Monday, May 8th. BidaskClub downgraded shares of Statoil ASA from a “sell” rating to a “strong sell” rating in a report on Friday, June 23rd. BMO Capital Markets upgraded shares of Statoil ASA from a “market perform” rating to an “outperform” rating in a report on Thursday, May 25th. Finally, Societe Generale downgraded shares of Statoil ASA from a “buy” rating to a “hold” rating in a report on Tuesday, June 20th.
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Statoil ASA (NYSE STO) traded down 0.2666% during trading on Tuesday, hitting $17.1342. 1,145,970 shares of the company were exchanged. The stock’s market capitalization is $55.45 billion. Statoil ASA has a 1-year low of $14.98 and a 1-year high of $19.27. The firm’s 50 day moving average price is $17.38 and its 200-day moving average price is $17.63.
Statoil ASA (NYSE:STO) last issued its quarterly earnings results on Thursday, May 4th. The oil and gas company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.13. Statoil ASA had a negative net margin of 4.81% and a positive return on equity of 2.06%. The company had revenue of $15.53 billion for the quarter. During the same quarter last year, the company posted $0.04 EPS. Equities analysts predict that Statoil ASA will post $1.06 EPS for the current year.
The company also recently disclosed a None dividend, which was paid on Monday, June 26th. Stockholders of record on Monday, May 15th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Thursday, May 11th. Statoil ASA’s payout ratio is -97.44%.
Several large investors have recently modified their holdings of STO. Creative Planning boosted its stake in shares of Statoil ASA by 16.2% in the second quarter. Creative Planning now owns 13,578 shares of the oil and gas company’s stock worth $224,000 after buying an additional 1,888 shares during the last quarter. Capstone Asset Management Co. boosted its stake in shares of Statoil ASA by 5.1% in the second quarter. Capstone Asset Management Co. now owns 96,574 shares of the oil and gas company’s stock worth $1,596,000 after buying an additional 4,650 shares during the last quarter. Boston Common Asset Management LLC boosted its stake in shares of Statoil ASA by 2.5% in the first quarter. Boston Common Asset Management LLC now owns 262,651 shares of the oil and gas company’s stock worth $4,512,000 after buying an additional 6,355 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Statoil ASA by 7.6% in the first quarter. Goldman Sachs Group Inc. now owns 991,165 shares of the oil and gas company’s stock worth $17,029,000 after buying an additional 70,232 shares during the last quarter. Finally, FNY Partners Fund LP purchased a new stake in shares of Statoil ASA during the first quarter worth approximately $425,000. 4.96% of the stock is currently owned by institutional investors and hedge funds.
Statoil ASA Company Profile
Statoil ASA (Statoil) is an energy company. The Company is engaged in oil and gas exploration and production activities. The Company’s segments include Development and Production Norway (DPN), Development and Production International (DPI), Marketing, Midstream and Processing (MMP) and Other. DPN segment manages the Company’s upstream activities on the Norwegian continental shelf (NCS) and explores for and extracts crude oil, natural gas and natural gas liquids.
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