Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Statoil ASA (STO) Stock Price
Headlines about Statoil ASA (NYSE:STO) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Statoil ASA earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news articles about the oil and gas company an impact score of 46.2561909721215 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern’s scoring:
- Statoil ASA (STO) Tights Shoes to Boost up Long-Term Obligations – Stock News Stop (stockmarketstop.com)
- Statoil ASA: Result of the Dividend Issue for the second quarter … – GlobeNewswire (press release) (globenewswire.com)
- Aker Solutions Secures Subsea Services Agreement With Statoil (euro-petrole.com)
- Statoil Awards Long-Term Subsea Contracts On The Norwegian Continental Shelf (epmag.com)
- Statoil ASA: Result of the Dividend Issue for the second quarter 2017 (finance.yahoo.com)
Statoil ASA (NYSE STO) traded down $0.12 during trading hours on Thursday, reaching $20.43. The company had a trading volume of 982,035 shares, compared to its average volume of 1,841,352. The firm has a market capitalization of $67,399.67, a price-to-earnings ratio of 21.19, a price-to-earnings-growth ratio of 0.69 and a beta of 0.96. Statoil ASA has a 52-week low of $16.18 and a 52-week high of $21.02. The company has a quick ratio of 1.38, a current ratio of 1.54 and a debt-to-equity ratio of 0.71.
STO has been the topic of a number of recent analyst reports. Barclays lowered 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 Statoil ASA and gave the stock a “hold” rating in a research report on Friday, August 25th. BidaskClub raised 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 Statoil ASA and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, Deutsche Bank raised Statoil ASA from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and two have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $18.33.
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.
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