Statoil ASA (STO) Trading 3.3% Higher
Statoil ASA (NYSE:STO)’s share price traded up 3.3% during trading 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 issued reports on the company. Bank of America Corp. upgraded Statoil ASA from an “underperform” rating to a “neutral” rating in a research note on Friday, July 15th. Zacks Investment Research upgraded Statoil ASA from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Wednesday, July 13th. Morgan Stanley lowered Statoil ASA from an “overweight” rating to an “equal weight” rating in a research note on Thursday, July 21st. Societe Generale upgraded Statoil ASA from a “hold” rating to a “buy” rating in a research note on Wednesday, July 6th. Finally, TheStreet upgraded Statoil ASA from a “sell” rating to a “hold” rating in a research note on Wednesday, May 11th. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $15.53.
The company’s 50-day moving average price is $16.33 and its 200 day moving average price is $16.10. The firm’s market capitalization is $50.64 billion.
The firm also recently announced a dividend, which was paid on Thursday, August 11th. Investors of record on Thursday, August 11th were given 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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