Brokerages Set Statoil (STO) Price Target at $21.00

Statoil (NYSE:STO) has received a consensus rating of “Hold” from the twenty-one ratings firms that are presently covering the stock, Marketbeat reports. Four equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $21.50.

A number of equities research analysts have recently weighed in on the stock. Piper Jaffray set a $24.00 price target on shares of Statoil and gave the company a “hold” rating in a research report on Friday, February 9th. TheStreet upgraded shares of Statoil from a “c” rating to a “b” rating in a research report on Wednesday, February 7th. Goldman Sachs upgraded shares of Statoil from a “sell” rating to a “neutral” rating in a research report on Thursday, February 1st. ValuEngine upgraded shares of Statoil from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Citigroup downgraded shares of Statoil from a “neutral” rating to a “sell” rating in a research report on Thursday, March 29th.

NYSE STO opened at $25.60 on Thursday. The company has a debt-to-equity ratio of 0.61, a current ratio of 1.36 and a quick ratio of 1.18. Statoil has a 1-year low of $16.18 and a 1-year high of $26.35. The company has a market capitalization of $85,073.08, a PE ratio of 18.55 and a beta of 0.94.

Statoil (NYSE:STO) last released its quarterly earnings results on Wednesday, February 7th. The oil and gas company reported $0.39 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.05. Statoil had a net margin of 7.50% and a return on equity of 11.86%. The company had revenue of $17.11 billion during the quarter. sell-side analysts anticipate that Statoil will post 1.5 earnings per share for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in STO. Baker Ellis Asset Management LLC acquired a new position in Statoil during the fourth quarter valued at approximately $131,000. CoreCommodity Management LLC acquired a new position in Statoil during the fourth quarter valued at approximately $159,000. Clearbridge Investments LLC raised its position in Statoil by 92.1% during the fourth quarter. Clearbridge Investments LLC now owns 10,816 shares of the oil and gas company’s stock valued at $232,000 after purchasing an additional 5,185 shares in the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Statoil by 234.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 11,363 shares of the oil and gas company’s stock valued at $243,000 after purchasing an additional 7,964 shares in the last quarter. Finally, 180 Wealth Advisors LLC acquired a new position in Statoil during the fourth quarter valued at approximately $248,000. Institutional investors and hedge funds own 5.08% of the company’s stock.

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About Statoil

Statoil ASA, an energy company, explores for, produces, transports, refines, and markets petroleum and petroleum-derived products, and other forms of energy in Norway and internationally. The company operates through Development and Production Norway; Development and Production International; Marketing, Midstream and Processing; and Other segments.

Analyst Recommendations for Statoil (NYSE:STO)

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