Statoil ASA (NYSE:STO) Earning Somewhat Favorable News Coverage, Study Shows

News coverage about Statoil ASA (NYSE:STO) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Statoil ASA earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 75 out of 100, indicating that recent media coverage is likely to have an impact on the company’s share price in the near future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Several analysts have recently issued reports on the stock. BidaskClub upgraded shares of Statoil ASA from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 13th. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Statoil ASA in a research report on Friday, May 5th. Scotiabank restated a “hold” rating and set a $17.00 target price on shares of Statoil ASA in a research report on Friday, June 9th. Zacks Investment Research upgraded shares of Statoil ASA from a “strong sell” rating to a “hold” rating in a research report on Monday, April 24th. Finally, BMO Capital Markets upgraded shares of Statoil ASA from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 25th. Five analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $18.67.

Shares of Statoil ASA (NYSE STO) traded up 0.87% during trading on Friday, reaching $18.61. 3,205,221 shares of the company’s stock were exchanged. The stock’s market cap is $60.22 billion. The company has a 50 day moving average of $17.01 and a 200 day moving average of $17.46. Statoil ASA has a 12-month low of $14.98 and a 12-month high of $19.26.

Statoil ASA (NYSE:STO) last announced its quarterly earnings data on Thursday, May 4th. The oil and gas company reported $0.35 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.22 by $0.13. Statoil ASA had a negative net margin of 4.81% and a positive return on equity of 2.06%. The business had revenue of $15.53 billion for the quarter. During the same quarter in the previous year, the company earned $0.04 earnings per share. Equities research analysts anticipate that Statoil ASA will post $1.05 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Thursday, August 10th will be issued a $0.2201 dividend. The ex-dividend date is Tuesday, August 8th. This represents a $0.88 annualized dividend and a yield of 4.73%. Statoil ASA’s payout ratio is -97.44%.

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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.

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