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Statoil ASA(ADR) (NYSE:STO) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.

Zacks Investment Research has downgraded Statoil ASA(ADR)(NYSE:STO) to Sell in a statement released on Tuesday September 20 2016.

Only yesterday Statoil ASA(ADR) (NYSE:STO) traded 0.00% even at $15.10. The company’s 50-day moving average is $15.90 and its two hundred day average is $16.23. With the last close down 6.94% from the two hundred day moving average, compared with the Standard & Poor’s 500 Index which has fallen -0.01% over the same time. 916,262 shares of Statoil ASA(ADR) traded hands, down from ann avg. volume of 2,421,780.

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Statoil ASA(ADR) has a 52 week low of $10.89 and a 52 week high of $17.94 and has a market cap of $0.0.

In addition to Zacks Investment Research reporting its price target, a total of 6 equity analysts have reported on the stock. The 12-month target stock price is $16.59 with two analysts rating the company a strong buy, 0 rating the company a buy, three analyts rating the stock a hold, one brokerage rating the stock to underperform, and lastly 0 brokeragesrating the company as sell.

More About Statoil ASA(ADR) (NYSE:STO)

Statoil ASA is an energy company, engaged in oil and gas exploration and production activities. The Company’s segments include Development and Production Norway (DPN), Development and Production USA (DPUSA), Development and Production International (DPI), Marketing, Midstream and Processing (MMP), New Energy Solutions (NES), and Other. DPN comprises upstream activities on the Norwegian continental shelf (NCS). DPUSA comprises its upstream activities in the United States and Mexico. DPI develops and produces oil and gas outside the NCS. MMP comprises marketing and trading of oil products and natural gas, transportation, processing and manufacturing. NES is responsible for wind parks, carbon capture and storage, as well as other renewable energy and low-carbon energy solutions. The Other reporting segment includes activities in Technology, Projects and Drilling (TPD), Global Strategy and Business Development (GSB), and and Corporate staffs and support functions.

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