Press coverage about Statoil (NYSE:STO) has been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Statoil earned a news sentiment score of 0.19 on Accern’s scale. Accern also assigned headlines about the oil and gas company an impact score of 45.4928369033446 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Statoil Eyes Future Projects With Mexico’s Pemex (epmag.com)
- Norwegian major Statoil eyes future projects with Mexico’s Pemex (feeds.reuters.com)
- Deals this week: Subsea 7, Vallourec, Statoil (offshore-technology.com)
- Big Statoil investments in the North (oilvoice.com)
- Statoil Bets Floating Offshore Wind and Carbon Capture Are the Future of Energy (greentechmedia.com)
Several equities research analysts recently issued reports on the company. Royal Bank of Canada raised Statoil from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, January 2nd. Zacks Investment Research lowered Statoil from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. ValuEngine raised Statoil from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Macquarie raised Statoil from an “underperform” rating to a “neutral” rating in a research note on Wednesday, January 10th. Finally, Goldman Sachs raised Statoil from a “sell” rating to a “neutral” rating in a research note on Thursday, February 1st. Four investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the stock. Statoil has an average rating of “Hold” and an average price target of $21.00.
STO stock traded down $0.07 during mid-day trading on Friday, hitting $25.51. 1,638,867 shares of the stock were exchanged, compared to its average volume of 2,012,203. The company has a quick ratio of 1.18, a current ratio of 1.36 and a debt-to-equity ratio of 0.61. Statoil has a 12 month low of $16.18 and a 12 month high of $25.95. The firm has a market cap of $85,006.61, a P/E ratio of 18.49 and a beta of 0.94.
Statoil (NYSE:STO) last issued its quarterly earnings results on Wednesday, February 7th. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.05. Statoil 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. research analysts expect that Statoil will post 1.49 EPS for the current fiscal year.
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Statoil Company Profile
Statoil ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development and Production Norway; Development and Production International; Marketing, Midstream and Processing; and Other segments.
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