Statoil ASA (STO) Reaches New 52-Week High and Low at $24.50

Statoil ASA (NYSE:STO) hit a new 52-week high and low during trading on Thursday . The stock traded as low as $24.50 and last traded at $24.42, with a volume of 2247143 shares traded. The stock had previously closed at $23.95.

Several equities research analysts have commented on the company. Zacks Investment Research lowered Statoil ASA from a “hold” rating to a “sell” rating in a research note on Tuesday. Citigroup lowered Statoil ASA from a “neutral” rating to a “sell” rating in a research note on Thursday, March 29th. UBS lowered Statoil ASA from a “buy” rating to a “neutral” rating in a research note on Monday, March 26th. Morgan Stanley upgraded Statoil ASA from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, February 13th. Finally, Piper Jaffray set a $24.00 price target on Statoil ASA and gave the stock a “hold” rating in a research note on Friday, February 9th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Statoil ASA currently has a consensus rating of “Hold” and an average target price of $21.00.

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The company has a quick ratio of 1.18, a current ratio of 1.36 and a debt-to-equity ratio of 0.61. The company has a market cap of $79,589.85, a PE ratio of 17.59 and a beta of 0.94.

Statoil ASA (NYSE:STO) last posted its earnings results 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. Statoil ASA had a return on equity of 11.86% and a net margin of 7.50%. The business had revenue of $17.11 billion during the quarter. research analysts expect that Statoil ASA will post 1.49 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in Statoil ASA by 10.8% during the 4th quarter. Envestnet Asset Management Inc. now owns 653,468 shares of the oil and gas company’s stock valued at $13,997,000 after purchasing an additional 63,714 shares in the last quarter. Banco de Sabadell S.A acquired a new stake in Statoil ASA during the 4th quarter valued at approximately $857,000. Millennium Management LLC grew its stake in Statoil ASA by 32.7% during the 4th quarter. Millennium Management LLC now owns 1,320,710 shares of the oil and gas company’s stock valued at $28,290,000 after purchasing an additional 325,693 shares in the last quarter. Clearbridge Investments LLC grew its stake in Statoil ASA by 92.1% during the 4th quarter. Clearbridge Investments LLC now owns 10,816 shares of the oil and gas company’s stock valued at $232,000 after purchasing an additional 5,185 shares in the last quarter. Finally, Jefferies Group LLC grew its stake in Statoil ASA by 639.0% during the 4th quarter. Jefferies Group LLC now owns 86,889 shares of the oil and gas company’s stock valued at $1,861,000 after purchasing an additional 75,132 shares in the last quarter. Institutional investors and hedge funds own 5.08% of the company’s stock.

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Statoil ASA Company Profile

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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