Economy

Jefferies Group Brokers Lift Earnings Estimates for Statoil ASA (STO)

Statoil ASA (NYSE:STO) last posted its earnings results on Thursday, May 4th. Raymond James Trust N.A. has an ownership of 33,169 stocks of the oil and gas firms shares valued $570,000 after scooping up an extra 5,634 shares through out the quarter. Institutional investors own 4.96% of the company's stock. Folketrygdfondet raised its stake in shares of Statoil ASA by 0.9% in the first quarter. PNC Financial Services Group Inc. raised its position in Statoil ASA by 17.4% in the first quarter. PNC Financial Services Group Inc. now owns 9,469 shares of the oil and gas company's stock valued at $163,000 after buying an additional 1,402 shares during the last quarter. Capstone Asset Management Co. boosted its position in Statoil ASA by 0.9% in the first quarter. Raymond James Trust N.A. raised its position in Statoil ASA by 20.5% in the Q1. Private Advisor Group LLC now owns 11,553 shares of the oil and gas company's stock valued at $198,000 after buying an additional 1,166 shares during the last quarter. Sei Investments Co. raised its position in Statoil ASA by 93.8% in the second quarter. The stock has increased slightly more than 7 percent in the last 12 months. Statoil Asa has $18 highest and $1700 lowest target. Folketrygdfondet who had been investing in Statoil Asa for a number of months, seems to be less bullish one the $59.63 billion market cap company. The oil and gas company reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.13. The Euclid Advisors Llc holds 15,293 shares with $279,000 value, down from 46,927 last quarter. Statoil ASA had a net margin of 6.88% and a return on equity of 11.88%. Next quarter's EPS is forecasted to be $0.20 with next year's EPS projected to be $1.09. On average, equities analysts predict that Statoil ASA will post $1.05 EPS for the current year. Investors of record on Thursday, August 10th will be paid a $0.22 dividend. Statoil ASA's yield ratio (DPR) is presently -316.65%. The ex-dividend date is Tue, Aug 8th. this indicates a $0.88 dividend on a yearly basis and a payout of of 4.73%. The value of the investment in Statoil ASA decreased from $268,000 to $251,000 a change of $17,000 quarter to quarter.

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Statoil ASA (NYSE:STO) - research experts at Jefferies lifted their Financial Year 2017 earnings forecasts for stocks of Statoil ASA in a study published on Friday. If you are reading this story on another site, it was copied illegally and republished in violation of US & global copyright & trademark laws. The correct version of this article can be viewed at https://www.chaffeybreeze.com/2017/07/28/statoil-asa-nysesto-receives-daily-news-impact-score-of-0-16-updated-updated-updated.html.

More news: Unusual Volume Spikes For: Cliffs Natural Resources Inc. (CLF)

Several brokerages recently weighed in on STO. This is not a recommendation to buy or sell Statoil ASA (NYSE:STO). Euclid Advisors Llc sold 31,634 shares as Statoil Asa (STO)'s stock rose 3.76%. Scotiabank set a $17.00 price target on shares of Statoil ASA and gave the company a "hold" rating in a report on Monday, May 8th. Goldman Sachs Group, Inc. Societe Generale downgraded Statoil ASA from a "buy" rating to a "hold" rating in a report on Tuesday, June 20th. Lastly, BMO Capital Markets boosted Statoil ASA from a "market perform" recommendation to an "outperform" recommendation in a analysis report on early Thur, May 25th. Five analysts have rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company.

The stock is trading at $18.45 marginally over $17.01, the stock's 50 day moving average and which is marginally higher than the 200 day moving average of $17.46.

UBS upgraded Statoil ASA (ADR) (NYSE:STO) on Wednesday, December 21 to "Buy" rating.



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