Statoil ASA (STO) Shares Gap Up to $15.45
Statoil ASA (NYSE:STO) shares gapped up before the market opened on Monday . The stock had previously closed at $15.19, but opened at $15.45. Statoil ASA shares last traded at $15.92, with a volume of 2,444,100 shares.
A number of brokerages have weighed in on STO. Zacks Investment Research lowered Statoil ASA from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. DNB Markets raised Statoil ASA from a “hold” rating to a “buy” rating in a research report on Thursday, July 28th. Morgan Stanley lowered Statoil ASA from an “overweight” rating to an “equal weight” rating in a research report on Thursday, July 21st. Bank of America Corp. raised Statoil ASA from an “underperform” rating to a “neutral” rating in a research report on Friday, July 15th. Finally, Societe Generale raised Statoil ASA from a “hold” rating to a “buy” rating in a research report on Wednesday, July 6th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $15.53.
The firm’s 50 day moving average is $16.26 and its 200 day moving average is $16.09. The firm’s market capitalization is $50.64 billion.
The company also recently disclosed a dividend, which was paid on Thursday, August 11th. Shareholders of record on Thursday, August 11th were given a dividend of $0.16 per share. The ex-dividend date of this dividend 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.