Statoil ASA (STO) Given Average Recommendation of “Hold” by Analysts

Statoil ASA (NYSE:STO) has been assigned a consensus recommendation of “Hold” from the twenty-one brokerages that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, thirteen have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $21.00.

Several equities analysts have recently weighed in on the company. Royal Bank of Canada upgraded Statoil ASA from a “sector perform” rating to an “outperform” rating in a report on Tuesday, January 2nd. ValuEngine upgraded Statoil ASA from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Macquarie upgraded Statoil ASA from an “underperform” rating to a “neutral” rating in a report on Wednesday, January 10th. Goldman Sachs upgraded Statoil ASA from a “sell” rating to a “neutral” rating in a report on Thursday, February 1st. Finally, Bank of America downgraded Statoil ASA from a “neutral” rating to an “underperform” rating in a report on Tuesday, December 5th.

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Shares of Statoil ASA stock traded up $0.13 during trading hours on Friday, hitting $23.33. The stock had a trading volume of 3,163,448 shares, compared to its average volume of 1,650,064. Statoil ASA has a 1 year low of $16.18 and a 1 year high of $24.47. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 1.18. The company has a market capitalization of $77,529.48, a P/E ratio of 16.78 and a beta of 0.98.

Statoil ASA (NYSE:STO) last issued its quarterly earnings results on Wednesday, February 7th. The oil and gas company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.05. Statoil ASA had a return on equity of 11.86% and a net margin of 7.50%. The firm had revenue of $17.11 billion during the quarter. analysts expect that Statoil ASA will post 1.49 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC grew its stake in shares of Statoil ASA by 20.0% during the 4th quarter. Renaissance Technologies LLC now owns 10,145,800 shares of the oil and gas company’s stock valued at $217,323,000 after purchasing an additional 1,690,899 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Statoil ASA by 866.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,691,193 shares of the oil and gas company’s stock valued at $36,225,000 after purchasing an additional 1,516,266 shares during the period. Earnest Partners LLC grew its stake in shares of Statoil ASA by 7.5% during the 3rd quarter. Earnest Partners LLC now owns 5,926,826 shares of the oil and gas company’s stock valued at $119,070,000 after purchasing an additional 415,914 shares during the period. Millennium Management LLC grew its stake in shares of Statoil ASA by 32.7% during the 4th quarter. Millennium Management LLC now owns 1,320,710 shares of the oil and gas company’s stock valued at $28,290,000 after purchasing an additional 325,693 shares during the period. Finally, Atlantic Trust Group LLC bought a new stake in shares of Statoil ASA during the 3rd quarter valued at about $2,438,000. Institutional investors own 5.07% of the company’s stock.

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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.

Analyst Recommendations for Statoil ASA (NYSE:STO)

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