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Zacks Investment Research downgraded Statoil ASA(ADR) (NYSE:STO) to Sell in a report released today.

Just yesterday Statoil ASA(ADR) (NYSE:STO) traded -0.83% lower at $16.69. Statoil ASA(ADR)’s 50-day moving average is $16.04 and its 200-day moving average is $16.31. The last closing price is up 2.55% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 1,035,830 shares of STO traded hands, down from an average trading volume of 2,432,040

Zacks Investment Research has downgraded Statoil ASA(ADR) (NYSE:STO) to Sell in a report released on 10/13/2016.

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With a total market value of $0, Statoil ASA(ADR) has with a one year low of $10.89 and a one year high of $17.94 .

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 company a sell with a one year target of $16.59.

Brief Synopsis 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 Corporate staffs and support functions.

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