Statoil ASA (STO) Expected to Earn Q4 2017 Earnings of $0.34 Per Share

Statoil ASA (NYSE:STO) – Stock analysts at Jefferies Group issued their Q4 2017 earnings estimates for Statoil ASA in a research report issued on Friday. Jefferies Group analyst M. Kofler forecasts that the oil and gas company will post earnings per share of $0.34 for the quarter. Jefferies Group also issued estimates for Statoil ASA’s FY2018 earnings at $1.38 EPS, FY2019 earnings at $1.24 EPS and FY2020 earnings at $1.63 EPS.

Other research analysts have also recently issued research reports about the stock. ValuEngine upgraded shares of Statoil ASA from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. cut shares of Statoil ASA from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Scotiabank reiterated a “hold” rating and issued a $19.00 price target on shares of Statoil ASA in a research note on Wednesday, November 1st. BMO Capital Markets cut shares of Statoil ASA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 14th. Finally, Citigroup cut shares of Statoil ASA from a “buy” rating to a “neutral” rating in a research note on Monday, October 30th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $18.33.

Statoil ASA (NYSE:STO) opened at $23.19 on Monday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.38 and a current ratio of 1.54. Statoil ASA has a one year low of $16.18 and a one year high of $23.58. The firm has a market cap of $77,064.24, a price-to-earnings ratio of -92.76, a P/E/G ratio of 0.79 and a beta of 0.96.

Statoil ASA (NYSE:STO) last released its earnings results on Thursday, October 26th. The oil and gas company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.03. Statoil ASA had a negative net margin of 1.37% and a positive return on equity of 8.61%.

Hedge funds have recently made changes to their positions in the business. Advisor Group Inc. lifted its stake 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 purchasing an additional 2,262 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Statoil ASA by 4.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,920 shares of the oil and gas company’s stock worth $165,000 after purchasing an additional 451 shares in the last quarter. CAPROCK Group Inc. purchased a new stake in Statoil ASA in the 3rd quarter worth $204,000. HighTower Advisors LLC purchased a new stake in Statoil ASA in the 2nd quarter worth $168,000. Finally, FDx Advisors Inc. purchased a new stake in Statoil ASA in the 3rd quarter worth $249,000. Institutional investors and hedge funds own 5.05% of the company’s stock.

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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.

Earnings History and Estimates for Statoil ASA (NYSE:STO)

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