Shares of Statoil ASA (NYSE:STO) have been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $18.33.

Several research firms have weighed in on STO. Royal Bank of Canada upgraded shares of Statoil ASA from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 2nd. BNP Paribas upgraded shares of Statoil ASA from an “underperform” rating to a “neutral” rating in a report on Tuesday, September 26th. ValuEngine raised shares of Statoil ASA from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. downgraded shares of Statoil ASA from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Finally, Scotiabank reissued a “hold” rating and issued a $19.00 price target on shares of Statoil ASA in a research note on Wednesday, November 1st.

Several institutional investors have recently added to or reduced their stakes in STO. Atlantic Trust Group LLC purchased a new stake in Statoil ASA during the 3rd quarter worth approximately $2,438,000. Parametric Portfolio Associates LLC increased its stake in Statoil ASA by 10.3% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 859,356 shares of the oil and gas company’s stock worth $17,264,000 after buying an additional 79,962 shares during the period. Earnest Partners LLC increased its stake in Statoil ASA by 7.5% during the 3rd quarter. Earnest Partners LLC now owns 5,926,826 shares of the oil and gas company’s stock worth $119,070,000 after buying an additional 415,914 shares during the period. OxFORD Asset Management LLP purchased a new stake in Statoil ASA during the 3rd quarter worth approximately $1,634,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Statoil ASA by 38.3% during the 3rd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 21,806 shares of the oil and gas company’s stock worth $438,000 after buying an additional 6,043 shares during the period. 5.05% of the stock is currently owned by institutional investors and hedge funds.

Statoil ASA (NYSE STO) traded down $0.04 during trading hours on Tuesday, reaching $22.72. 846,852 shares of the company’s stock traded hands, compared to its average volume of 1,750,000. The company has a quick ratio of 1.38, a current ratio of 1.54 and a debt-to-equity ratio of 0.71. The firm has a market cap of $75,140.00, a price-to-earnings ratio of -94.67, a price-to-earnings-growth ratio of 0.77 and a beta of 0.96. Statoil ASA has a 12 month low of $16.18 and a 12 month high of $22.76.

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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.

Analyst Recommendations for Statoil ASA (NYSE:STO)

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