Statoil ASA (NYSE:STO) has been assigned a $24.00 target price by stock analysts at Piper Jaffray Companies in a note issued to investors on Friday. The firm presently has a “hold” rating on the oil and gas company’s stock. Piper Jaffray Companies’ target price indicates a potential upside of 11.58% from the company’s current price.

Other research analysts have also issued research reports about the stock. TheStreet raised shares of Statoil ASA from a “c” rating to a “b” rating in a research note on Wednesday. Goldman Sachs Group raised shares of Statoil ASA from a “sell” rating to a “neutral” rating in a research note on Thursday, February 1st. ValuEngine raised shares of Statoil ASA from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Citigroup lowered shares of Statoil ASA from a “buy” rating to a “neutral” rating in a research note on Monday, October 30th. Finally, Scotiabank reaffirmed a “hold” rating and set a $19.00 target price on shares of Statoil ASA in a research note on Wednesday, November 1st. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $21.00.

Statoil ASA (NYSE STO) traded down $0.20 during trading on Friday, reaching $21.51. 2,864,042 shares of the company traded hands, compared to its average volume of 1,914,016. Statoil ASA has a 52-week low of $16.18 and a 52-week high of $24.47. The firm has a market capitalization of $75,070.34, a PE ratio of 15.40, a P/E/G ratio of 0.73 and a beta of 0.99. The company has a current ratio of 1.54, a quick ratio of 1.38 and a debt-to-equity ratio of 0.71.

Statoil ASA (NYSE:STO) last released its quarterly earnings data on Wednesday, February 7th. The oil and gas company reported $0.39 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.05. Statoil ASA had a net margin of 7.50% and a return on equity of 12.04%. The firm had revenue of $17.11 billion during the quarter. research analysts anticipate that Statoil ASA will post 1.47 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Folketrygdfondet boosted its stake in shares of Statoil ASA by 0.3% in the third quarter. Folketrygdfondet now owns 117,919,207 shares of the oil and gas company’s stock valued at $2,368,997,000 after purchasing an additional 335,771 shares during the period. Earnest Partners LLC boosted its stake in shares of Statoil ASA by 7.5% in the third quarter. Earnest Partners LLC now owns 5,926,826 shares of the oil and gas company’s stock valued at $119,070,000 after purchasing an additional 415,914 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in shares of Statoil ASA by 866.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,691,193 shares of the oil and gas company’s stock valued at $36,225,000 after purchasing an additional 1,516,266 shares during the period. State Street Corp boosted its stake in shares of Statoil ASA by 1.9% in the second quarter. State Street Corp now owns 1,590,002 shares of the oil and gas company’s stock valued at $26,283,000 after purchasing an additional 28,916 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Statoil ASA by 7.0% in the second quarter. Goldman Sachs Group Inc. now owns 1,060,874 shares of the oil and gas company’s stock valued at $17,536,000 after purchasing an additional 69,709 shares during the period. 5.05% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Statoil ASA (NYSE:STO)

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