Statoil ASA (NYSE:STO) was upgraded by equities research analysts at Royal Bank of Canada from a “sector perform” rating to an “outperform” rating in a report released on Tuesday.
Several other research firms have also commented on STO. ValuEngine raised shares of Statoil ASA from a “hold” rating to a “buy” rating in a research report on Sunday. Bank of America lowered shares of Statoil ASA from a “neutral” rating to an “underperform” rating in a research report on Tuesday, December 5th. BMO Capital Markets lowered shares of Statoil ASA from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 14th. lowered shares of Statoil ASA from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Finally, Scotiabank reaffirmed a “hold” rating and set a $19.00 price target on shares of Statoil ASA in a research report on Wednesday, November 1st. Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have assigned a buy rating to the company. Statoil ASA currently has a consensus rating of “Hold” and a consensus target price of $18.33.
Statoil ASA (NYSE:STO) opened at $21.42 on Tuesday. The firm has a market capitalization of $71,182.23, a P/E ratio of -85.68, a PEG ratio of 0.69 and a beta of 0.96. Statoil ASA has a twelve month low of $16.18 and a twelve month high of $21.52. The company has a current ratio of 1.54, a quick ratio of 1.38 and a debt-to-equity ratio of 0.71.
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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