Zacks Rating on Statoil ASA (STO)

Statoil ASA (STO) : 5 analysts are covering Statoil ASA (STO) and their average rating on the stock is 3, which is read as a Hold. Statoil ASA (STO) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Statoil ASA (STO) : The most positive equity analysts on Statoil ASA (STO) expects the shares to touch $19, whereas, the least positive believes that the stock will trade at $17 in the short term. The company is covered by 3 Wall Street Brokerage Firms. The average price target for shares are $17.83 with an expected fluctuation of $0.76 from the mean.


Statoil ASA has lost 1.58% in the last five trading days and dropped 0.58% in the last 4 weeks. Statoil ASA is up 1.39% in the last 3-month period. Year-to-Date the stock performance stands at 20.98%. Statoil ASA (NYSE:STO): stock turned positive on Tuesday. Though the stock opened at $16.04, the bulls momentum made the stock top out at $16.29 level for the day. The stock recorded a low of $16.03 and closed the trading day at $16.17, in the green by 0.37%. The total traded volume for the day was 2,364,932. The stock had closed at $16.11 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.

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