Statoil ASA (STO) Receives Average Recommendation of “Hold” from Analysts
Shares of Statoil ASA (NYSE:STO) have been assigned a consensus recommendation of “Hold” from the sixteen brokerages that are covering the company, MarketBeat.com reports. Four research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $18.33.
A number of brokerages have weighed in on STO. Deutsche Bank AG upgraded shares of Statoil ASA from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. Zacks Investment Research downgraded shares of Statoil ASA from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. BidaskClub upgraded shares of Statoil ASA from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Piper Jaffray Companies set a $16.00 price objective on shares of Statoil ASA and gave the stock a “hold” rating in a research report on Friday, August 25th. Finally, BNP Paribas upgraded shares of Statoil ASA from an “underperform” rating to a “neutral” rating in a research report on Tuesday, September 26th.
Statoil ASA (NYSE:STO) traded down $0.06 during midday trading on Monday, reaching $19.94. 1,607,200 shares of the company were exchanged, compared to its average volume of 1,873,195. The firm has a market capitalization of $66,060.00, a P/E ratio of 20.35, a PEG ratio of 0.63 and a beta of 0.97. Statoil ASA has a 52 week low of $16.16 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.
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Hedge funds have recently added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in shares of Statoil ASA during the second quarter worth about $132,000. Advisor Group Inc. grew 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 valued at $114,000 after acquiring an additional 2,262 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Statoil ASA by 17.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,469 shares of the oil and gas company’s stock valued at $163,000 after acquiring an additional 1,402 shares in the last quarter. CAPROCK Group Inc. purchased a new stake in Statoil ASA during the 3rd quarter valued at about $204,000. Finally, HighTower Advisors LLC purchased a new stake in Statoil ASA during the 2nd quarter valued at about $168,000. 5.09% of the stock is owned by institutional investors and hedge funds.
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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