Statoil (NYSE:STO) was upgraded by analysts at Nordea Equity Research from a “sell” rating to a “buy” rating in a research report issued to clients and investors on Monday, Analyst Ratings Network reports.
Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Statoil in a research note to investors on Friday. They now have a $24.00 price target on the stock. Separately, analysts at HSBC initiated coverage on shares of Statoil in a research note to investors on Friday. They set an “underweight” rating on the stock. Finally, analysts at Swedbank upgraded shares of Statoil from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday, December 4th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and eight have assigned a buy rating to the stock. Statoil has a consensus rating of “Hold” and a consensus price target of $57.63.
Shares of Statoil (NYSE:STO) opened at 22.66 on Monday. Statoil has a 52 week low of $20.02 and a 52 week high of $27.01. The stock’s 50-day moving average is $23.16 and its 200-day moving average is $22.29. The company has a market cap of $72.066 billion and a P/E ratio of 10.86.
Statoil (NYSE:STO) last issued its quarterly earnings data on Wednesday, October 30th. The company reported $0.76 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.60 by $0.16. On average, analysts predict that Statoil will post $2.54 earnings per share for the current fiscal year.
Statoil ASA (NYSE:STO), formerly StatoilHydro ASA is an integrated energy company based in Norway with locations in approximately 40 other countries worldwide.
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