Bank of America downgraded shares of Statoil ASA (NYSE:STO) from a neutral rating to an underperform rating in a research report released on Tuesday morning, The Fly reports.
STO has been the subject of a number of other reports. Barclays cut shares of Statoil ASA from an equal weight rating to an underweight rating in a research report on Monday, August 21st. Piper Jaffray Companies set a $16.00 target price on shares of Statoil ASA and gave the company a hold rating in a research report on Friday, August 25th. BidaskClub upgraded shares of Statoil ASA from a hold rating to a buy rating in a research report on Saturday, August 26th. Scotiabank set a $17.00 target price on shares of Statoil ASA and gave the company a hold rating in a research report on Friday, August 25th. Finally, Deutsche Bank upgraded shares of Statoil ASA from a sell rating to a hold rating in a research report on Monday, September 4th. Five equities research analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. Statoil ASA has an average rating of Hold and a consensus target price of $18.33.
Statoil ASA (STO) opened at $20.13 on Tuesday. The company has a current ratio of 1.54, a quick ratio of 1.38 and a debt-to-equity ratio of 0.71. The stock has a market cap of $66,710.00, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 0.67 and a beta of 0.96. Statoil ASA has a twelve month low of $16.18 and a twelve month high of $21.02.
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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