Statoil ASA (NYSE:STO) posted its quarterly earnings results on Wednesday. The oil and gas company reported $0.39 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.05, Morningstar.com reports. Statoil ASA had a return on equity of 12.04% and a net margin of 7.50%. The company had revenue of $17.11 billion during the quarter.
Statoil ASA (NYSE STO) opened at $21.66 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.54 and a debt-to-equity ratio of 0.71. Statoil ASA has a one year low of $16.18 and a one year high of $24.47. The firm has a market capitalization of $75,070.34, a P/E ratio of 16.25, a P/E/G ratio of 0.73 and a beta of 0.99.
The business also recently disclosed a dividend, which will be paid on Friday, February 9th. Investors of record on Friday, February 9th will be paid a $0.16 dividend. This represents a dividend yield of 0.00677966101694915%. The ex-dividend date is Thursday, February 8th. Statoil ASA’s payout ratio is 38.85%.
STO has been the topic of a number of recent analyst reports. 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. Credit Suisse Group raised Statoil ASA from an “underperform” rating to an “outperform” rating in a research note on Wednesday, January 24th. Bank of America downgraded Statoil ASA from a “neutral” rating to an “underperform” rating in a research note on Tuesday, December 5th. Finally, Goldman Sachs Group raised Statoil ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, February 1st. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have issued a buy rating to the stock. Statoil ASA currently has an average rating of “Hold” and a consensus target price of $18.33.
ILLEGAL ACTIVITY WARNING: This piece of content was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright & trademark legislation. The legal version of this piece of content can be viewed at https://www.com-unik.info/2018/02/09/statoil-asa-sto-posts-earnings-results-beats-expectations-by-0-05-eps.html.
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.
Receive News & Ratings for Statoil ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Statoil ASA and related companies with MarketBeat.com's FREE daily email newsletter.