Analyst Rating Update on Statoil ASA (STO)

Statoil ASA (NYSE:STO) has an average broker rating of 3.2, which is interpreted as a Hold, as rated by 5 equity analysts. 1 other analysts advise a Buy. Nevertheless, the majority of 2 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 2 considers that the stock is a Sell.

Statoil ASA (NYSE:STO) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $16 and the lowest price target forecast is $13. The average forecast of all the analysts is $15 and the expected standard deviation is $1.73.

Company shares have received an average consensus rating of Hold for the current week Also, Deutsche Bank downgrades its rating on Statoil ASA (NYSE:STO). Analysts at the Deutsche Bank have a current rating of Sell on the shares. The shares were previously rated Hold. The rating by the firm was issued on June 21, 2016.

Statoil ASA (NYSE:STO): stock turned positive on Tuesday. Though the stock opened at $16.28, the bulls momentum made the stock top out at $16.31 level for the day. The stock recorded a low of $16.04 and closed the trading day at $16.3, in the green by 3.82%. The total traded volume for the day was 1,998,373. The stock had closed at $15.7 in the previous days trading.

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.

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