Statoil ASA (NYSE:STO): 3 analysts have set the short term price target of Statoil ASA (NYSE:STO) at $15. The standard deviation of short term price target has been estimated at $1.73, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 16 and $13 respectively.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, RBC Capital downgrades its rating on Statoil ASA (NYSE:STO).The analysts at the brokerage house have a current rating of Underperform on the shares. Earlier, the shares were rated a Sector Perform by the brokerage firm. The rating by the firm was issued on May 31, 2016. Company shares have received an average consensus rating of Hold for the current week
Statoil ASA (NYSE:STO) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.19 points or 1.16% at $16.18 with 1,783,425 shares getting traded. Post opening the session at $16.17, the shares hit an intraday low of $16.15 and an intraday high of $16.455 and the price was in this range throughout the day. The company has a market cap of $51,592 million and the number of outstanding shares have been calculated to be 3,188,647,100 shares. The 52-week high of Statoil ASA (NYSE:STO) is $18.64 and the 52-week low is $10.885.
Statoil ASA is an energy company. The Company is engaged in oil and gas exploration and production activities. The Companys segments include Development and Production Norway (DPN), Development and Production North America (DPNA), Development and Production International (DPI), Marketing, Processing and Renewable Energy (MPR) and Other. The DPN segment consists of its exploration, field development and operational activities on the Norwegian continental shelf (NCS). The DPI segment develops and produces oil and gas outside the NCS. The DPNA segment comprises of its upstream activities in North America. The MPR segment markets and trades crude oil, natural gas, power, emissions, liquids and refined products, for transportation and processing, and for developing business opportunities in renewables. The Other segment includes activities in Global Strategy and Business Development (GSB); Technology, Projects and Drilling (TPD), and corporate staffs and support functions.