Statoil ASA (STO) Trading Up 3.3%
Statoil ASA (NYSE:STO) was up 3.3% on Friday . The company traded as high as $15.99 and last traded at $15.96, with a volume of 1,468,068 shares. The stock had previously closed at $15.45.
A number of equities research analysts have weighed in on STO shares. Royal Bank Of Canada cut shares of Statoil ASA from a “sector perform” rating to an “underperform” rating in a report on Tuesday, May 31st. Societe Generale upgraded shares of Statoil ASA from a “hold” rating to a “buy” rating in a report on Wednesday, July 6th. Zacks Investment Research upgraded shares of Statoil ASA from a “hold” rating to a “buy” rating and set a $20.00 price objective on the stock in a report on Wednesday, July 13th. TheStreet upgraded shares of Statoil ASA to a “hold” rating in a report on Thursday, May 26th. Finally, Bank of America Corp. upgraded shares of Statoil ASA from an “underperform” rating to a “neutral” rating in a report on Friday, July 15th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. Statoil ASA presently has a consensus rating of “Hold” and an average price target of $15.53.
The firm’s 50-day moving average price is $16.26 and its 200 day moving average price is $16.09. The company’s market cap is $50.64 billion.
The business also recently disclosed a dividend, which was paid on Thursday, August 11th. Investors of record on Thursday, August 11th were issued a dividend of $0.16 per share. The ex-dividend date was Tuesday, August 9th.
Statoil ASA is an energy company, engaged in oil and gas exploration and production activities. The Company’s segments include Development and Production Norway (DPN), Development and Production USA (DPUSA), Development and Production International (DPI), Marketing, Midstream and Processing (MMP), New Energy Solutions (NES), and Other.
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