Statoil ASA(ADR) (NYSE:STO) has been upgraded to Buy in a statement by Bank of America Corp. earlier today.
- Updated: September 15, 2016
Bank of America Corp. has upgraded Statoil ASA(ADR)(NYSE:STO) to Buy in a report released on 9/16/2016.
Having a price of $15.18, Statoil ASA(ADR) (NYSE:STO) traded 0.59% lower on the day. With the last stock price down 6.89% relative to the two hundred day average, compared with the S&P 500 which has fallen -0.01% over the same time period. Statoil ASA(ADR) has been tracking to a 50-day average of $15.94 and 200-day average of $16.21. Trading volume was was down over the average, with 494,044 shares of STO changing hands under the typical 2,447,880 shares.
Recent Performance Graphic:
Statoil ASA(ADR) has a 52 week low of $10.89 and a 52 week high of $17.94 . The company’s market capitalization is currently $0.0.
A total of 6 brokerages have issued a research note on Statoil ASA(ADR). Two analysts rate the stock a strong buy, 0 rate the stock a buy, three analyts rate the company a hold, one brokerage rate the company to underperform, and lastly 0 firmsrate the stock as sell with a one year target price of $16.59
Brief Synopsis On 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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