Statoil ASA (NYSE:STO) was downgraded by equities researchers at Bank of America from a “neutral” rating to an “underperform” rating in a report released on Tuesday.
A number of other equities analysts have also weighed in on STO. Barclays lowered Statoil ASA from an “equal weight” rating to an “underweight” rating in a research note on Monday, August 21st. Piper Jaffray Companies set a $16.00 target price on Statoil ASA and gave the stock a “hold” rating in a research note on Friday, August 25th. BidaskClub upgraded Statoil ASA from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Scotiabank set a $17.00 target price on Statoil ASA and gave the stock a “hold” rating in a research note on Friday, August 25th. Finally, Deutsche Bank upgraded Statoil ASA from a “sell” rating to a “hold” rating in a research note on Monday, September 4th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. Statoil ASA has a consensus rating of “Hold” and an average price target of $18.33.
Statoil ASA (NYSE:STO) opened at $20.02 on Tuesday. The firm has a market capitalization of $66,166.55, a P/E ratio of 20.81, a PEG ratio of 0.63 and a beta of 0.96. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.38 and a current ratio of 1.54. Statoil ASA has a 52 week low of $16.18 and a 52 week high of $21.02.
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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