Statoil ASA (NYSE:STO) has risen sharply, recording gains of 4.34% in the past 4 weeks. However, the stock has corrected -1.84% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 2.68% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have rallied 1.01% from its 1 Year high price. On Apr 28, 2016, the shares registered one year high at $17.94 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $16.51 and the 200 Day Moving Average price is recorded at $15.20.
The stock has recorded a 20-day Moving Average of 2.9% and the 50-Day Moving Average is 3.2%.
Statoil ASA (NYSE:STO): stock turned positive on Friday. Though the stock opened at $16.95, the bulls momentum made the stock top out at $17.17 level for the day. The stock recorded a low of $16.95 and closed the trading day at $17.08, in the green by 0.23%. The total traded volume for the day was 2,198,253. The stock had closed at $17.04 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.