Research Analysts Offer Predictions for Statoil ASA’s FY2017 Earnings (STO)
Statoil ASA (NYSE:STO) – Analysts at Jefferies Group raised their FY2017 earnings per share estimates for Statoil ASA in a research report issued on Tuesday. Jefferies Group analyst M. Kofler now expects that the oil and gas company will earn $1.17 per share for the year, up from their prior forecast of $1.00.
Statoil ASA (NYSE:STO) last announced its quarterly earnings results on Thursday, May 4th. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $15.53 billion during the quarter. During the same period in the prior year, the business earned $0.04 earnings per share.
Several other equities research analysts have also recently weighed in on STO. BidaskClub raised shares of Statoil ASA from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 13th. Societe Generale cut shares of Statoil ASA from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Scotiabank reissued a “hold” rating and issued a $17.00 target price on shares of Statoil ASA in a report on Thursday, July 13th. Zacks Investment Research cut shares of Statoil ASA from a “hold” rating to a “strong sell” rating in a report on Wednesday, July 5th. Finally, BMO Capital Markets raised shares of Statoil ASA from a “market perform” rating to an “outperform” rating in a report on Thursday, May 25th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the company. Statoil ASA has a consensus rating of “Hold” and an average price target of $18.67.
Shares of Statoil ASA (NYSE STO) traded down 0.63% during trading on Friday, reaching $17.38. 173,805 shares of the company traded hands. The company has a 50-day moving average of $16.96 and a 200-day moving average of $17.49. The stock’s market capitalization is $56.24 billion. Statoil ASA has a 12 month low of $14.98 and a 12 month high of $19.26.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Putnam FL Investment Management Co. raised its position in shares of Statoil ASA by 1.1% in the first quarter. Putnam FL Investment Management Co. now owns 32,950 shares of the oil and gas company’s stock worth $566,000 after buying an additional 374 shares during the period. Wetherby Asset Management Inc. raised its position in shares of Statoil ASA by 4.0% in the first quarter. Wetherby Asset Management Inc. now owns 20,156 shares of the oil and gas company’s stock worth $346,000 after buying an additional 770 shares during the period. Capstone Asset Management Co. raised its position in shares of Statoil ASA by 0.9% in the first quarter. Capstone Asset Management Co. now owns 91,924 shares of the oil and gas company’s stock worth $1,579,000 after buying an additional 790 shares during the period. Fagan Associates Inc. raised its position in shares of Statoil ASA by 3.9% in the first quarter. Fagan Associates Inc. now owns 22,170 shares of the oil and gas company’s stock worth $381,000 after buying an additional 825 shares during the period. Finally, Private Advisor Group LLC raised its position in shares of Statoil ASA by 11.2% in the first quarter. Private Advisor Group LLC now owns 11,553 shares of the oil and gas company’s stock worth $198,000 after buying an additional 1,166 shares during the period. Institutional investors and hedge funds own 4.96% of the company’s stock.
The firm also recently disclosed a None dividend, which was paid on Monday, June 26th. Investors of record on Monday, May 15th were issued a $0.22 dividend. The ex-dividend date of this dividend was Thursday, May 11th. Statoil ASA’s dividend payout ratio (DPR) is presently -97.44%.
About Statoil ASA
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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