Statoil ASA (STO) has risen sharply, recording gains of 0.31% in the past 4 weeks. However, the stock has corrected -2.68% 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 0.53% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.04% and the fifty day Moving Average is 2.57%. Statoil ASA has dropped 0.36% during the last three month period . Year-to-Date the stock performance stands at 19.41%.
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.
Statoil ASA (NYSE:STO): On Fridays trading session , Opening price of the stock was $16.06 with an intraday high of $16.305. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $15.89. However, the stock managed to close at $15.96, a loss of 0.37% for the day. On the previous day, the stock had closed at $16.02. The total traded volume of the day was 2,655,250 shares.
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.