Jefferies Group Analysts Reduce Earnings Estimates for Statoil ASA (STO)

Statoil ASA (NYSE:STO) – Analysts at Jefferies Group decreased their FY2018 earnings per share (EPS) estimates for Statoil ASA in a research report issued on Thursday. Jefferies Group analyst M. Kofler now forecasts that the oil and gas company will earn $1.35 per share for the year, down from their previous estimate of $1.38. Jefferies Group also issued estimates for Statoil ASA’s FY2019 earnings at $1.22 EPS and FY2020 earnings at $1.62 EPS.

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, beating analysts’ consensus estimates of $0.34 by $0.05. The firm had revenue of $17.11 billion during the quarter. Statoil ASA had a return on equity of 11.86% and a net margin of 7.50%.

A number of other research firms have also recently issued reports on STO. ValuEngine raised Statoil ASA from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Credit Suisse Group raised Statoil ASA from an “underperform” rating to an “outperform” rating in a research report on Wednesday, January 24th. Goldman Sachs Group raised Statoil ASA from a “sell” rating to a “neutral” rating in a research report on Thursday, February 1st. Macquarie raised Statoil ASA from an “underperform” rating to a “neutral” rating in a research report on Wednesday, January 10th. Finally, Morgan Stanley raised Statoil ASA from an “underweight” rating to an “equal weight” rating in a research report on Tuesday. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the company’s stock. Statoil ASA presently has an average rating of “Hold” and a consensus target price of $21.00.

Statoil ASA (NYSE:STO) traded up $0.10 on Monday, reaching $22.03. The company had a trading volume of 752,533 shares, compared to its average volume of 1,882,734. The firm has a market capitalization of $71,481.32, a PE ratio of 15.78 and a beta of 0.99. Statoil ASA has a 52-week low of $16.18 and a 52-week high of $24.47. The company has a current ratio of 1.36, a quick ratio of 1.18 and a debt-to-equity ratio of 0.61.

Large investors have recently made changes to their positions in the business. Advisor Group Inc. lifted its position in shares of Statoil ASA by 39.5% in the second quarter. Advisor Group Inc. now owns 7,995 shares of the oil and gas company’s stock worth $114,000 after buying an additional 2,262 shares during the last quarter. Baker Ellis Asset Management LLC acquired a new stake in shares of Statoil ASA in the fourth quarter worth about $131,000. PNC Financial Services Group Inc. lifted its position in shares of Statoil ASA by 4.8% in the second quarter. PNC Financial Services Group Inc. now owns 9,920 shares of the oil and gas company’s stock worth $165,000 after buying an additional 451 shares during the last quarter. HighTower Advisors LLC acquired a new stake in shares of Statoil ASA in the second quarter worth about $168,000. Finally, CAPROCK Group Inc. acquired a new stake in shares of Statoil ASA in the third quarter worth about $204,000. 5.05% of the stock is owned by institutional investors.

The business also recently declared a dividend, which was paid on Friday, February 9th. Shareholders of record on Friday, February 9th were given a $0.16 dividend. The ex-dividend date was Thursday, February 8th. This represents a dividend yield of 0.00677966101694915%. Statoil ASA’s dividend payout ratio is currently 50.36%.

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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.

Earnings History and Estimates for Statoil ASA (NYSE:STO)

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