Statoil ASA (STO) Forecasted to Post Q3 2017 Earnings of $0.22 Per Share
Statoil ASA (NYSE:STO) – Analysts at Jefferies Group issued their Q3 2017 EPS estimates for Statoil ASA in a note issued to investors on Thursday. Jefferies Group analyst M. Kofler anticipates that the oil and gas company will earn $0.22 per share for the quarter.
Other research analysts also recently issued reports about the company. BidaskClub raised Statoil ASA from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Tudor Pickering downgraded Statoil ASA from a “buy” rating to a “hold” rating in a research note on Tuesday, September 5th. Deutsche Bank AG raised Statoil ASA from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. Scotiabank set a $17.00 price objective on Statoil ASA and gave the company a “hold” rating in a research note on Friday, August 25th. Finally, Piper Jaffray Companies set a $16.00 price objective on Statoil ASA and gave the company a “hold” rating in a research note on Friday, August 25th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $17.67.
Shares of Statoil ASA (STO) opened at 20.43 on Monday. The firm’s market cap is $66.15 billion. Statoil ASA has a 12 month low of $15.58 and a 12 month high of $20.58. The firm has a 50-day moving average of $19.83 and a 200 day moving average of $18.07.
Hedge funds and other institutional investors have recently modified their holdings of the business. Advisor Group Inc. increased its position in Statoil ASA by 39.5% in the 2nd quarter. Advisor Group Inc. now owns 7,995 shares of the oil and gas company’s stock worth $114,000 after buying an additional 2,262 shares during the period. Acadian Asset Management LLC bought a new position in Statoil ASA in the 2nd quarter worth approximately $132,000. PNC Financial Services Group Inc. increased its position in Statoil ASA by 17.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 9,469 shares of the oil and gas company’s stock worth $163,000 after buying an additional 1,402 shares during the period. HighTower Advisors LLC bought a new position in Statoil ASA in the 2nd quarter worth approximately $168,000. Finally, Pacad Investment Ltd. increased its position in Statoil ASA by 8.1% in the 2nd quarter. Pacad Investment Ltd. now owns 10,700 shares of the oil and gas company’s stock worth $177,000 after buying an additional 800 shares during the period. 5.02% of the stock is currently owned by institutional investors.
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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