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, StockTargetPrices.com 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.
Source: American Banking and Market News