Statoil ASA(ADR) Stock Rating Lowered by BNP Paribas (STO)

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BNP Paribas downgraded shares of Statoil ASA(ADR) (NYSE:STO) from a neutral rating to an underperform rating in a report issued on Thursday, TheFlyOnTheWall.com reports.

Statoil AS (NYSE:STO) opened at 27.85 on Thursday. Statoil AS has a one year low of $20.02 and a one year high of $28.58. The stock’s 50-day moving average is $27.35 and its 200-day moving average is $24.53. The company has a market cap of $88.533 billion and a P/E ratio of 12.83.

Statoil ASA(ADR) (NYSE:STO) last announced its earnings results on Friday, February 7th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.22. On average, analysts predict that Statoil AS will post $2.52 earnings per share for the current fiscal year.

STO has been the subject of a number of other recent research reports. Analysts at Societe Generale downgraded shares of Statoil ASA(ADR) from a buy rating to a hold rating in a research note on Tuesday. Separately, analysts at Sanford C. Bernstein raised their price target on shares of Statoil ASA(ADR) from $29.10 to $35.00 in a research note on Tuesday. Finally, analysts at Goldman Sachs downgraded shares of Statoil ASA(ADR) from a neutral rating to a sell rating in a research note on Monday. Six investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Statoil ASA(ADR) currently has an average rating of Hold and an average target price of $55.00.

Statoil ASA (NYSE:STO) is a Norway-based integrated energy company primarily engaged in oil and gas exploration and production activities.

To view BNP Paribas’ full report, visit BNP Paribas’ official website.

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