Brokerage Firm Rating Update on Statoil ASA (STO)

Statoil ASA (STO) : 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Statoil ASA (STO). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 5 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

Statoil ASA (STO) : The consensus price target for Statoil ASA (STO) is $17.83 for the short term with a standard deviation of $0.76. The most optimist securities analyst among the 3 who monitor the stock believes that the stock can reach $19, however, the pessimist price target for the company is $17.


For the current week, the company shares have a recommendation consensus of Buy. Also, Equity Analysts at the Brokerage Firm, DNB Markets, upgrades their rating on the shares of Statoil ASA (NYSE:STO). DNB Markets has a Buy rating on the shares. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on July 28, 2016.

Statoil ASA (NYSE:STO): The stock opened at $16.36 and touched an intraday high of $16.52 on Wednesday. During the day, the stock corrected to an intraday low of $16.35, however, the bulls stepped in and pushed the price higher to close in the green at $16.43 with a gain of 0.49% for the day. The total traded volume for the day was 1,991,809. The stock had closed at $16.35 in the previous trading session.

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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