Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Statoil ASA (STO) Share Price
News headlines about Statoil ASA (NYSE:STO) have been trending somewhat positive on Wednesday, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Statoil ASA earned a media sentiment score of 0.09 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 46.3715195966638 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the headlines that may have effected Accern’s analysis:
- Second small gas discovery in the Barents (euro-petrole.com)
- Buy or Hold? A Look at What the Technicals Are Saying About Statoil ASA (STO) – Evergreen Caller (evergreencaller.com)
- Investor are Seeking for stock with high dividend yield?: Statoil ASA (STO) – Voice Of Analysts (analystsbuzz.com)
- Following Statoil ASA (STO)’s Indicators & Metrics – Danville Daily (danvilledaily.com)
- Contrasting TotalFinaElf, (TOT) and Statoil ASA (NYSE:STO) (americanbankingnews.com)
Shares of Statoil ASA (NYSE:STO) remained flat at $18.61 on Wednesday. 2,197,803 shares of the company were exchanged. Statoil ASA has a one year low of $14.98 and a one year high of $19.27. The stock has a 50 day moving average price of $17.25 and a 200 day moving average price of $17.47. The firm’s market capitalization is $60.26 billion.
The company also recently disclosed a dividend, which will be paid on Thursday, August 10th. Stockholders of record on Thursday, August 10th will be issued a dividend of $0.22 per share. The ex-dividend date is Tuesday, August 8th. Statoil ASA’s dividend payout ratio (DPR) is -316.65%.
A number of brokerages recently weighed in on STO. BMO Capital Markets raised shares of Statoil ASA from a “market perform” rating to an “outperform” rating in a research note on Thursday, May 25th. Zacks Investment Research downgraded shares of Statoil ASA from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 15th. BidaskClub raised shares of Statoil ASA from a “strong sell” rating to a “sell” rating in a research note on Wednesday, June 14th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Statoil ASA in a research note on Monday, May 15th. Finally, Scotiabank reaffirmed a “hold” rating and issued a $17.00 target price on shares of Statoil ASA in a research note on Friday, June 9th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $18.67.
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About Statoil ASA
Statoil ASA (Statoil) is an energy company. The Company is engaged in oil and gas exploration and production activities. The Company’s segments include Development and Production Norway (DPN), Development and Production International (DPI), Marketing, Midstream and Processing (MMP) and Other. DPN segment manages the Company’s upstream activities on the Norwegian continental shelf (NCS) and explores for and extracts crude oil, natural gas and natural gas liquids.
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