Jefferies Group Comments on Statoil ASA’s FY2018 Earnings (STO)

Statoil ASA (NYSE:STO) – Equities research analysts at Jefferies Group cut their FY2018 earnings per share estimates for shares of Statoil ASA in a report released on Thursday. Jefferies Group analyst M. Kofler now anticipates that the oil and gas company will earn $1.35 per share for the year, down from their prior estimate of $1.38. Jefferies Group also issued estimates for Statoil ASA’s FY2019 earnings at $1.22 EPS and FY2020 earnings at $1.62 EPS.

Statoil ASA (NYSE:STO) last posted its quarterly earnings data on Wednesday, February 7th. The oil and gas company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.05. The business had revenue of $17.11 billion for the quarter. Statoil ASA had a return on equity of 11.86% and a net margin of 7.50%.

Several other analysts have also recently weighed in on the company. Bank of America cut Statoil ASA from a “neutral” rating to an “underperform” rating in a research report on Tuesday, December 5th. ValuEngine raised Statoil ASA from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Royal Bank of Canada raised Statoil ASA from a “sector perform” rating to an “outperform” rating in a research report on Tuesday, January 2nd. BMO Capital Markets cut Statoil ASA from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 14th. Finally, Macquarie raised Statoil ASA from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $21.00.

Shares of Statoil ASA (NYSE:STO) opened at $21.51 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.38 and a debt-to-equity ratio of 0.61. The firm has a market capitalization of $72,420.00, a P/E ratio of 15.26, a price-to-earnings-growth ratio of 0.69 and a beta of 1.00. Statoil ASA has a 12-month low of $16.18 and a 12-month high of $24.47.

Institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. raised its holdings 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 acquiring an additional 451 shares during the last quarter. Advisor Group Inc. raised its holdings 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 acquiring an additional 2,262 shares during the last quarter. Crossmark Global Holdings Inc. raised its holdings in Statoil ASA by 2.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 126,621 shares of the oil and gas company’s stock worth $2,712,000 after acquiring an additional 3,165 shares during the last quarter. Global X MANAGEMENT CO LLC raised its holdings in Statoil ASA by 6.9% in 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 during the last quarter. Finally, UBS Asset Management Americas Inc. raised its holdings in Statoil ASA by 0.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 552,043 shares of the oil and gas company’s stock worth $11,825,000 after acquiring an additional 4,697 shares during the last quarter. 5.05% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently declared a dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, February 9th were given a $0.16 dividend. The ex-dividend date was Thursday, February 8th. This represents a dividend yield of 0.00677966101694915%. Statoil ASA’s dividend payout ratio is currently 49.65%.

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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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