Statoil ASA (STO) Upgraded to “Outperform” by Royal Bank of Canada
Several other equities research analysts have also recently issued reports on the stock. Deutsche Bank upgraded shares of Statoil ASA from a sell rating to a hold rating in a report on Monday, September 4th. Bank of America cut shares of Statoil ASA from a neutral rating to an underperform rating in a report on Tuesday, December 5th. Tudor Pickering cut shares of Statoil ASA from a buy rating to a hold rating in a report on Tuesday, September 5th. BMO Capital Markets cut shares of Statoil ASA from an outperform rating to a market perform rating in a report on Tuesday, November 14th. Finally, Citigroup cut shares of Statoil ASA from a buy rating to a neutral rating in a report on Monday, October 30th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $18.33.
Shares of Statoil ASA (NYSE STO) traded up $0.58 during mid-day trading on Tuesday, reaching $22.00. 1,717,000 shares of the company traded hands, compared to its average volume of 1,202,200. Statoil ASA has a 52 week low of $16.18 and a 52 week high of $22.02. 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 stock has a market capitalization of $72,900.00, a PE ratio of -91.67, a P/E/G ratio of 0.73 and a beta of 0.96.
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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.
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