Statoil ASA (STO) : Zacks Investment Research ranks Statoil ASA (STO) as 2, which is a Buy recommendation. 1 other analysts are mildly bullish on the stock and favor a Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 3 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 5 research analysts is 3, which indicates as a Hold.
Statoil ASA (STO) : The highest level Statoil ASA (STO) is projected to reach is $19 for the short term and the lowest estimate is at $17. The consolidated price target from 3 rating analysts who initiate coverage on the stock is $17.83 and the possibility the share price can swing is $0.76.
For the current week, the company shares have a recommendation consensus of Buy. 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 (NYSE:STO): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.45 and $15.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.79. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.78, notching a gain of 2.47% for the day. The total traded volume was 4,334,100 . The stock had closed at $15.40 on the previous day.
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.