Statoil ASA (STO) : During the past 4 weeks, traders have been relatively bearish on Statoil ASA (STO), hence the stock is down -8.77% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.05% relative to the S&P 500. The stock has risen by 0.38% in the past week indicating that the buyers are active at lower levels, but the stock is down -6.5% in the past 4 weeks.
Statoil ASA (NYSE:STO): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.85 and $15.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.99. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.97, notching a gain of 0.25% for the day. The total traded volume was 3,343,625 . The stock had closed at $15.93 on the previous day.
The stock has recorded a 20-day Moving Average of 4.57% and the 50-Day Moving Average is 3.86%. Statoil ASA has dropped 2.44% during the last 3-month period . Year-to-Date the stock performance stands at 17.84%.
Statoil ASA (STO) : 3 Wall Street analysts covering Statoil ASA (STO) believe that the average level the stock could reach for the short term is $17.83. The maximum price target given is $19 and the minimum target for short term is around $17, hence the standard deviation is calculated at $0.76.
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.