lowered shares of Statoil ASA (NYSE:STO) from a buy rating to a hold rating in a research report sent to investors on Tuesday, November 7th, Marketbeat Ratings reports.
STO has been the subject of a number of other research reports. BidaskClub upgraded shares of Statoil ASA from a strong sell rating to a sell rating in a report on Thursday, July 13th. Barclays PLC lowered shares of Statoil ASA from an equal weight rating to an underweight rating in a report on Monday, August 21st. Piper Jaffray Companies set a $16.00 price objective on shares of Statoil ASA and gave the company a hold rating in a report on Friday, August 25th. Tudor Pickering lowered shares of Statoil ASA from a buy rating to a hold rating in a report on Tuesday, September 5th. Finally, BNP Paribas upgraded shares of Statoil ASA from an underperform rating to a neutral rating in a report on Tuesday, September 26th. Four analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $18.33.
Statoil ASA (STO) traded up $0.06 during mid-day trading on Tuesday, hitting $20.40. 366,301 shares of the stock were exchanged, compared to its average volume of 1,830,000. The company has a market capitalization of $67,450.00, a PE ratio of 20.82, a P/E/G ratio of 0.65 and a beta of 0.97. Statoil ASA has a 52-week low of $16.16 and a 52-week high of $21.02. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.54 and a quick ratio of 1.38.
About Statoil ASA
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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