Statoil ASA (NYSE:STO) – Analysts at Jefferies Group issued their Q4 2017 EPS estimates for shares of Statoil ASA in a report released on Friday. Jefferies Group analyst M. Kofler expects that the oil and gas company will earn $0.34 per share for the quarter. Jefferies Group also issued estimates for Statoil ASA’s FY2018 earnings at $1.38 EPS, FY2019 earnings at $1.24 EPS and FY2020 earnings at $1.63 EPS.
Other equities analysts also recently issued research reports about the company. ValuEngine upgraded Statoil ASA from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. downgraded Statoil ASA from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Scotiabank reiterated a “hold” rating and issued a $19.00 price objective on shares of Statoil ASA in a research note on Wednesday, November 1st. BMO Capital Markets downgraded Statoil ASA from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 14th. Finally, Citigroup downgraded Statoil ASA from a “buy” rating to a “neutral” rating in a research note on Monday, October 30th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $18.33.
Statoil ASA (NYSE:STO) last posted its quarterly earnings data on Thursday, October 26th. The oil and gas company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.22 by $0.03. Statoil ASA had a positive return on equity of 8.61% and a negative net margin of 1.37%.
Large investors have recently bought and sold shares of the business. Advisor Group Inc. lifted its position in shares of Statoil ASA by 39.5% during the second quarter. Advisor Group Inc. now owns 7,995 shares of the oil and gas company’s stock worth $114,000 after acquiring an additional 2,262 shares in the last quarter. PNC Financial Services Group Inc. raised 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 in the last quarter. CAPROCK Group Inc. purchased a new stake in shares of Statoil ASA in the third quarter worth $204,000. HighTower Advisors LLC purchased a new stake in shares of Statoil ASA in the second quarter worth $168,000. Finally, FDx Advisors Inc. purchased a new stake in shares of Statoil ASA in the third quarter worth $249,000. Hedge funds and other institutional investors own 5.05% of the company’s stock.
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.
Receive News & Ratings for Statoil ASA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Statoil ASA and related companies with MarketBeat.com's FREE daily email newsletter.