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BMO Capital Markets upgraded Statoil ASA(ADR) (NYSE:STO) to Outperform in a report released today.

Yesterday Statoil ASA(ADR) (NYSE:STO) traded 1.59% higher at $18.14. The company’s 50-day moving average is $19.97 and its 200-day moving average is $18.18. The last stock close price is down 12.33% from the 200-day moving average, compared to the S&P 500 which has increased 0.02% over the same time. 529,561 shares of the stock were exchanged, down from an average trading volume of 1,638,640

BMO Capital Markets has upgraded Statoil ASA(ADR) (NYSE:STO) to Outperform in a report released on Thursday May 25, 2017.

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Statoil ASA(ADR) (NYSE:STO)

Statoil ASA(ADR) has a 52 week low of $15.58 and a one year high of $20.77 STO’s total market value is presently $0.

A total of 6 equity analysts have released a ratings update on STO. Two equity analysts rating the company a strong buy, zero equity analysts rating the company a buy, three equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the stock a sell with a consensus target price of $16.59.

General Information About Statoil ASA(ADR) (NYSE:STO)

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. DPI segment manages the Company's upstream activities that are not included in the DPN and Development and Production USA (DPUSA) business areas. MMP segment manages its marketing and trading activities related to oil products and natural gas, transportation, processing and manufacturing, and the development of oil and gas. Other segment includes activities in New Energy Solutions (NES), Technology, Projects and Drilling (TPD), Global Strategy and Business Development (GSB), and Corporate staffs and support functions.

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