Statoil ASA (STO) Upgraded to Neutral by Macquarie

Macquarie upgraded shares of Statoil ASA (NYSE:STO) from an underperform rating to a neutral rating in a report published on Wednesday.

STO has been the subject of a number of other research reports. Royal Bank of Canada raised Statoil ASA from a sector perform rating to an outperform rating in a report on Tuesday, January 2nd. cut Statoil ASA from a buy rating to a hold rating in a report on Tuesday, November 7th. ValuEngine raised Statoil ASA from a hold rating to a buy rating in a report on Sunday, December 31st. BMO Capital Markets cut Statoil ASA from an outperform rating to a market perform rating in a report on Tuesday, November 14th. Finally, BNP Paribas raised Statoil ASA from an underperform rating to a neutral rating in a report on Tuesday, September 26th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and an average target price of $18.33.

Statoil ASA (STO) traded up $0.32 during midday trading on Wednesday, reaching $23.52. The company had a trading volume of 1,500,000 shares, compared to its average volume of 1,380,000. The firm has a market cap of $76,690.00, a PE ratio of -98.00, a price-to-earnings-growth ratio of 0.80 and a beta of 0.96. Statoil ASA has a 12 month low of $16.18 and a 12 month high of $23.53. The company has a quick ratio of 1.38, a current ratio of 1.54 and a debt-to-equity ratio of 0.71.

Statoil ASA (NYSE:STO) last released its quarterly earnings results on Thursday, October 26th. The oil and gas company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.03. Statoil ASA had a positive return on equity of 8.61% and a negative net margin of 1.37%. equities analysts anticipate that Statoil ASA will post 1.28 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of STO. Advisor Group Inc. increased its stake 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 buying an additional 2,262 shares in the last quarter. PNC Financial Services Group Inc. increased its stake 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 worth $165,000 after buying an additional 451 shares in the last quarter. HighTower Advisors LLC purchased a new stake in Statoil ASA during the 2nd quarter worth approximately $168,000. Pacad Investment Ltd. grew its position in shares of Statoil ASA by 8.1% in the second quarter. Pacad Investment Ltd. now owns 10,700 shares of the oil and gas company’s stock valued at $177,000 after purchasing an additional 800 shares in the last quarter. Finally, CAPROCK Group Inc. purchased a new stake in shares of Statoil ASA in the third quarter valued at approximately $204,000. Institutional investors own 5.05% of the company’s stock.

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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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