Statoil ASA (NYSE:STO) – Equities researchers at Jefferies Group cut their FY2017 EPS estimates for Statoil ASA in a report released on Tuesday. Jefferies Group analyst M. Kofler now anticipates that the oil and gas company will post earnings of $1.14 per share for the year, down from their prior estimate of $1.23. Jefferies Group also issued estimates for Statoil ASA’s FY2018 earnings at $0.95 EPS and FY2019 earnings at $1.05 EPS.
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A number of other equities analysts also recently commented on STO. Societe Generale downgraded shares of Statoil ASA from a “buy” rating to a “hold” rating in a research note on Tuesday, June 20th. BidaskClub upgraded shares of Statoil ASA from a “strong sell” rating to a “sell” rating in a research note on Thursday, July 13th. Piper Jaffray Companies set a $16.00 price objective on shares of Statoil ASA and gave the stock a “hold” rating in a research note on Friday, August 25th. Zacks Investment Research downgraded shares of Statoil ASA from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Finally, Scotiabank restated a “hold” rating and set a $17.00 price objective on shares of Statoil ASA in a research note on Friday, June 9th. Five investment analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $18.00.
Statoil ASA (NYSE:STO) opened at 18.85 on Thursday. The stock has a 50 day moving average price of $18.24 and a 200-day moving average price of $17.46. The firm’s market capitalization is $61.04 billion. Statoil ASA has a 12-month low of $14.98 and a 12-month high of $19.26.
Large investors have recently modified their holdings of the stock. Acadian Asset Management LLC purchased a new stake in shares of Statoil ASA during the second quarter worth about $132,000. Advisor Group Inc. boosted its stake in shares of Statoil ASA by 39.5% in the second quarter. Advisor Group Inc. now owns 7,995 shares of the oil and gas company’s stock worth $114,000 after buying an additional 2,262 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Statoil ASA by 17.4% in the first quarter. PNC Financial Services Group Inc. now owns 9,469 shares of the oil and gas company’s stock worth $163,000 after buying an additional 1,402 shares during the last quarter. HighTower Advisors LLC purchased a new stake in shares of Statoil ASA during the second quarter worth about $168,000. Finally, Pacad Investment Ltd. boosted its stake in shares of Statoil ASA by 8.1% in the second quarter. Pacad Investment Ltd. now owns 10,700 shares of the oil and gas company’s stock worth $177,000 after buying an additional 800 shares during the last quarter. 5.02% of the stock is currently owned by institutional investors.
The company also recently announced a dividend, which was paid on Thursday, August 10th. Stockholders of record on Thursday, August 10th were issued a $0.22 dividend. The ex-dividend date of this dividend was Tuesday, August 8th. Statoil ASA’s payout ratio is -291.65%.
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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