Statoil ASA (NYSE:STO) – Research analysts at Jefferies Group decreased their FY2017 earnings per share (EPS) estimates for Statoil ASA in a research report issued on Tuesday. Jefferies Group analyst M. Kofler now anticipates that the oil and gas company will earn $1.14 per share for the year, down from their prior forecast 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.
Other equities analysts have also issued research reports about the company. Zacks Investment Research upgraded Statoil ASA from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Wednesday, May 10th. BidaskClub upgraded Statoil ASA from a “hold” rating to a “buy” rating in a research report on Saturday, August 26th. Scotiabank reiterated a “hold” rating and issued a $17.00 price target on shares of Statoil ASA in a research report on Thursday, July 13th. Societe Generale lowered Statoil ASA from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Piper Jaffray Companies set a $16.00 price target on Statoil ASA and gave the company a “hold” rating in a research report on Friday, August 25th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the stock. Statoil ASA has an average rating of “Hold” and an average price target of $18.00.
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Statoil ASA (STO) opened at 18.56 on Thursday. The stock’s market capitalization is $60.10 billion. Statoil ASA has a 12-month low of $14.98 and a 12-month high of $19.26. The firm’s 50-day moving average is $18.01 and its 200 day moving average is $17.43.
The firm also recently disclosed a dividend, which was paid on Thursday, August 10th. Shareholders of record on Thursday, August 10th were given a dividend of $0.22 per share. The ex-dividend date of this dividend was Tuesday, August 8th. Statoil ASA’s payout ratio is presently -291.65%.
A number of large investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Statoil ASA during the second quarter worth approximately $677,000. OLD Mission Capital LLC purchased a new stake in Statoil ASA during the second quarter worth $1,143,000. Castleark Management LLC increased its stake in Statoil ASA by 112.4% in the second quarter. Castleark Management LLC now owns 115,490 shares of the oil and gas company’s stock worth $1,909,000 after buying an additional 61,110 shares during the period. Tower Research Capital LLC TRC increased its stake in Statoil ASA by 504.6% in the second quarter. Tower Research Capital LLC TRC now owns 14,650 shares of the oil and gas company’s stock worth $242,000 after buying an additional 12,227 shares during the period. Finally, State Street Corp increased its stake in Statoil ASA by 1.9% in the second quarter. State Street Corp now owns 1,590,002 shares of the oil and gas company’s stock worth $26,283,000 after buying an additional 28,916 shares during the period. Hedge funds and other institutional investors own 5.02% of the company’s stock.
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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