Statoil ASA (STO) Lifted to Outperform at Credit Suisse Group

Statoil ASA (NYSE:STO) was upgraded by equities researchers at Credit Suisse Group from an “underperform” rating to an “outperform” rating in a research note issued on Wednesday, Marketbeat.com reports.

A number of other equities analysts also recently commented on the stock. Macquarie raised shares of Statoil ASA from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Royal Bank of Canada raised shares of Statoil ASA from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 2nd. ValuEngine raised shares of Statoil ASA from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Bank of America downgraded shares of Statoil ASA from a “neutral” rating to an “underperform” rating in a research note on Tuesday, December 5th. Finally, BMO Capital Markets downgraded shares of Statoil ASA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 14th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $18.33.

Shares of Statoil ASA (STO) traded down $0.14 during mid-day trading on Wednesday, hitting $24.12. 1,402,669 shares of the stock were exchanged, compared to its average volume of 1,390,000. Statoil ASA has a fifty-two week low of $16.18 and a fifty-two week high of $24.47. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.38 and a current ratio of 1.54. The stock has a market cap of $79,120.00, a P/E ratio of -100.50, a PEG ratio of 0.81 and a beta of 0.96.

Statoil ASA (NYSE:STO) last issued its earnings results on Thursday, October 26th. The oil and gas company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate 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%. The business had revenue of $13.61 billion for the quarter. equities analysts forecast that Statoil ASA will post 1.25 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. grew its holdings in Statoil ASA by 4.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,920 shares of the oil and gas company’s stock valued at $165,000 after purchasing an additional 451 shares in the last quarter. Advisor Group Inc. grew its holdings in Statoil ASA by 39.5% during the 2nd quarter. Advisor Group Inc. now owns 7,995 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 2,262 shares in the last quarter. Global X MANAGEMENT CO LLC grew its holdings in Statoil ASA by 6.9% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 61,243 shares of the oil and gas company’s stock worth $1,230,000 after acquiring an additional 3,977 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its holdings 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 acquiring an additional 6,043 shares in the last quarter. Finally, Stifel Financial Corp grew its holdings in Statoil ASA by 9.3% during the 2nd quarter. Stifel Financial Corp now owns 91,328 shares of the oil and gas company’s stock worth $1,506,000 after acquiring an additional 7,746 shares in the last quarter. 5.05% of the stock is owned by institutional investors and hedge funds.

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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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