Brokerage Firm Rating on Statoil ASA (STO)

Statoil ASA (STO) has an average broker rating of 3, which is interpreted as a Hold, as rated by 5 equity analysts. 1 other analysts advise a Buy. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

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.


For the current week, the company shares have a recommendation consensus of Buy. Statoil ASA (NYSE:STO): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.97 and $15.96 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.31. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.21, notching a gain of 2.47% for the day. The total traded volume was 2,849,327 . The stock had closed at $15.82 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.

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