The stock of Statoil ASA(ADR) (NYSE:STO) is a huge mover today! About 4.13 million shares traded hands or 40.96% up from the average. Statoil ASA(ADR) (NYSE:STO) has declined 7.52% since April 27, 2016 and is downtrending. It has underperformed by 12.75% the S&P500.
The move comes after 5 months positive chart setup for the $55.45B company. It was reported on Nov, 30 by Barchart.com. We have $18.15 PT which if reached, will make NYSE:STO worth $2.22B more.
Analysts await Statoil ASA(ADR) (NYSE:STO) to report earnings on February, 2.
Statoil ASA(ADR) (NYSE:STO) Ratings Coverage
Out of 12 analysts covering Statoil Asa (NYSE:STO), 4 rate it a “Buy”, 4 “Sell”, while 4 “Hold”. This means 33% are positive. Statoil Asa has been the topic of 14 analyst reports since September 11, 2015 according to StockzIntelligence Inc. The company was upgraded on Friday, September 16 by Bank of America. The firm has “Neutral” rating given on Thursday, May 26 by HSBC. The company was downgraded on Tuesday, June 21 by Deutsche Bank. The stock of Statoil ASA(ADR) (NYSE:STO) has “Sector Perform” rating given on Friday, November 4 by RBC Capital Markets. The firm has “Overweight” rating by JP Morgan given on Wednesday, November 2. The firm has “Neutral” rating by Simmons & Co given on Thursday, January 21. Credit Agricole initiated the shares of STO in a report on Tuesday, December 15 with “Outperform” rating. The stock of Statoil ASA(ADR) (NYSE:STO) earned “Hold” rating by SEB Equity Research on Friday, March 11. The stock of Statoil ASA(ADR) (NYSE:STO) earned “Equal-Weight” rating by Morgan Stanley on Friday, July 22. Morgan Stanley downgraded the stock to “Underweight” rating in Friday, September 9 report.
According to Zacks Investment Research, “Statoil is an integrated oil and gas company. One of the world’s biggest sellers of crude oil, Statoil is also a major supplier of natural gas in the European market and has substantial industrial operations. The group has service stations in the Scandinavian countries, Ireland, Poland, the Baltic states and Russia. Statoil is one of the world’s most environmentally-efficient producers and transporters of oil and gas.”
More recent Statoil ASA(ADR) (NYSE:STO) news were published by: Marketwatch.com which released: “Statoil upgraded to sector perform from underperform at RBC Capital” on June 05, 2009. Also Businessfinancenews.com published the news titled: “Statoil ASA (ADR): Pressurized by Trade Union to Address Labor Demands” on June 29, 2016. Businessfinancenews.com‘s news article titled: “Deep-water Partnerships On the Cards Between Statoil ASA (ADR) and Petroleos …” with publication date: June 14, 2016 was also an interesting one.
STO Company Profile
Statoil ASA, incorporated on March 12, 1995, is a technology-driven energy company. The Firm is engaged in gas and oil exploration and production activities. The Company’s divisions include Development and Production Norway (DPN), Development and Production USA (DPUSA), Development and Production International (DPI), Marketing, Midstream and Processing (MMP), New Energy Solutions (NES), and Other. DPN comprises upstream activities on the Norwegian continental shelf (NCS). DPUSA comprises its upstream activities in the United States and Mexico. DPI is engaged in the development and production of gas and oil outside the NCS. MMP comprises marketing and trading of oil products and natural gas, transportation, processing and manufacturing, and the development of gas and oil value chains. NES is responsible for wind parks, carbon capture and storage, as well as other renewable energy and low-carbon energy solutions. The Other reporting segment includes activities in New Energy Solutions (NES), Technology, Projects and Drilling (TPD), Global Strategy and Business Development (GSB), and Corporate staffs and support functions.
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