Statoil ASA (STO) Shares are Up 0.61%

Statoil ASA (STO) has been under a strong bear grip, hence the stock is down -3.1% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.64% in the past 1 week. The stock has risen by 0.61% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.73% in the past 4 weeks.

Statoil ASA is up 2.2% in the last 3-month period. Year-to-Date the stock performance stands at 22.7%. The stock has recorded a 20-day Moving Average of 2.76% and the 50-Day Moving Average is 0.16%.


Statoil ASA (NYSE:STO): The stock opened at $16.46 on Friday but the bulls could not build on the opening and the stock topped out at $16.47 for the day. The stock traded down to $16.33 during the day, due to lack of any buying support eventually closed down at $16.40 with a loss of -0.91% for the day. The stock had closed at $16.55 on the previous day. The total traded volume was 1,207,685 shares.

Also, In the latest statement by the brokerage house, DNB Markets upgrades its outlook on Statoil ASA (NYSE:STO). The current rating of the shares is Buy, according to the research report released by the firm. Previously, the company had a rating of Hold. 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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.