Several other research analysts also recently commented on STO. Citigroup downgraded Statoil ASA from a buy rating to a neutral rating in a research note on Monday, October 30th. Scotiabank reissued a hold rating and issued a $19.00 price objective on shares of Statoil ASA in a research note on Wednesday, November 1st. downgraded Statoil ASA from a buy rating to a hold rating in a research note on Tuesday, November 7th. BMO Capital Markets downgraded Statoil ASA from an outperform rating to a market perform rating in a research note on Tuesday, November 14th. Finally, Bank of America downgraded Statoil ASA from a neutral rating to an underperform rating in a research note on Tuesday, December 5th. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. Statoil ASA currently has an average rating of Hold and a consensus target price of $21.00.
Statoil ASA (NYSE:STO) opened at $22.13 on Tuesday. Statoil ASA has a 52 week low of $16.18 and a 52 week high of $24.47. The company has a quick ratio of 1.18, a current ratio of 1.36 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $73,330.00, a price-to-earnings ratio of 15.70 and a beta of 1.00.
Statoil ASA (NYSE:STO) last posted its quarterly earnings data on Wednesday, February 7th. The oil and gas company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.34 by $0.05. Statoil ASA had a return on equity of 11.86% and a net margin of 7.50%. The firm had revenue of $17.11 billion during the quarter. equities analysts predict that Statoil ASA will post 1.47 earnings per share for the current year.
The business also recently announced a dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, February 9th were issued a $0.16 dividend. This represents a yield of 0.00677966101694915%. The ex-dividend date was Thursday, February 8th. Statoil ASA’s payout ratio is currently 49.65%.
A number of large investors have recently modified their holdings of the business. PNC Financial Services Group Inc. grew its holdings in Statoil ASA by 4.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,920 shares of the oil and gas company’s stock valued at $165,000 after buying an additional 451 shares in the last quarter. Advisor Group Inc. grew its holdings in Statoil ASA by 39.5% in the 2nd quarter. Advisor Group Inc. now owns 7,995 shares of the oil and gas company’s stock valued at $114,000 after buying an additional 2,262 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in Statoil ASA by 2.6% in the 4th quarter. Crossmark Global Holdings Inc. now owns 126,621 shares of the oil and gas company’s stock valued at $2,712,000 after buying an additional 3,165 shares in the last quarter. ETRADE Capital Management LLC grew its holdings in Statoil ASA by 13.5% in the 4th quarter. ETRADE Capital Management LLC now owns 29,013 shares of the oil and gas company’s stock valued at $621,000 after buying an additional 3,459 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC grew its holdings in Statoil ASA by 6.9% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 61,243 shares of the oil and gas company’s stock valued at $1,230,000 after buying an additional 3,977 shares in the last quarter. 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.
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