Statoil ASA (STO) Getting Somewhat Favorable Press Coverage, Accern Reports

Shares in Statoil were down 3.7 percent at 0751 GMT, lagging the European sector which was down 0.2 percent.

Tracking some technical levels, shares are trading 2.21% away from the 50 day simple moving average and 10.72% off of the 200 day simple moving average. Zacks Investment Research cut Statoil ASA from a "hold" rating to a "sell" rating in a report on Thursday, July 27th. The company presently has an average rating of "Hold" and an average price target of $15.53. The firm's market capitalization is $66.44 billion. Statoil ASA (NYSE:STO) shares have been recently spotted -1.35% away from the 52-week high, and 31.00% away from the 52-week low mark. Finally, J P Morgan Chase & Co raised Statoil ASA from an "underweight" rating to an "overweight" rating in a research note on Wednesday, November 2nd. Net profit margin of Statoil ASA (STO) was recorded at -1.3 percent, operating profit margin was 11.5 percent, while gross profit margin stands at 53.9 percent.

Statoil ASA's average Book Value per Share Growth Rate was -7.3 percent during the past 12 months.

Total shares held by institutions as of the most recent company filings are 163,242,496 with a reported 5,743,820 bought and 3,649,162 sold.

Hedge funds have recently modified their holdings of the company.

The company's Average Revenue Estimate for the current quarter is $14.53 Billion, while Low and High Revenue Estimates are $14.53 Billion and $14.53 Billion respectively. Sei Investments Co. now owns 2,010,897 shares of the oil and gas company's stock worth $33,241,000 after purchasing an additional 973,529 shares during the last quarter.

Over the past year the company has been trying to turn around its operations in North America, which mostly consist of offshore production in the Gulf of Mexico, as well as shale oil and gas in Texas, North Dakota, Pennsylvania, Ohio and NY. During that time period, shares are up 1.69% which has provided some nice profits for investors who may be looking to take advantage of the recent gains. It uses profitability, leverage, liquidity, solvency and activity to forecast whether a company has a high degree of probability of being insolvent.

Statoil CEO Eldar Saetre told Reuters the impairment related to faster than expected declines in production from some wells in Eagle Ford and the company was trying to address the issue. 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.

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