Deutsche Bank Downgraded Statoil ASA (STO)

Statoil ASA (NYSE:STO) was downgraded by equities research analysts at Deutsche Bank from a “hold” rating to a “sell” rating in a research note issued on Tuesday, reports.

Shares of Statoil ASA (NYSE:STO) opened at 16.64 on Tuesday. Statoil ASA has a 12 month low of $10.89 and a 12 month high of $18.61. The firm has a market capitalization of $52.92 billion and a P/E ratio of 81.97. The stock has a 50 day moving average price of $16.43 and a 200 day moving average price of $14.94.

Statoil ASA (NYSE:STO) last announced its quarterly earnings results on Wednesday, April 27th. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.22. On average, analysts expect that Statoil ASA will post $0.55 earnings per share for the current year.

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