Statoil ASA (STO) : During the past 4 weeks, traders have been relatively bearish on Statoil ASA (STO), hence the stock is down -11.54% 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 -5.57% relative to the S&P 500. The 4-week change in the price of the stock is -8.56% and the stock has fallen -5.63% in the past 1 week.
The stock has recorded a 20-day Moving Average of 7.1% and the 50-Day Moving Average is 4.55%. Statoil ASA has dropped 8.33% during the last 3-month period . Year-to-Date the stock performance stands at 17.4%.
Statoil ASA (NYSE:STO): stock turned positive on Friday. Though the stock opened at $15.73, the bulls momentum made the stock top out at $15.92 level for the day. The stock recorded a low of $15.62 and closed the trading day at $15.91, in the green by 0.44%. The total traded volume for the day was 2,073,735. The stock had closed at $15.84 in the previous days trading.
Also, Major Brokerage house, DNB Markets upgrades its ratings on Statoil ASA (NYSE:STO). According to the latest information available, the shares are now rated Buy by the analysts at the agency. Previously, the analysts had a Hold rating on the shares. The rating by the firm was issued on July 28, 2016.
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.