Media coverage about Statoil ASA (NYSE:STO) has been trending somewhat positive on Tuesday, Accern Sentiment reports. Accern scores the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Statoil ASA earned a media sentiment score of 0.17 on Accern’s scale. Accern also gave media stories about the oil and gas company an impact score of 45.5767597648791 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news articles that may have impacted Accern’s analysis:
- Corporate News Blog – Contract Start-Up for the Randgrid FSO Takes Off on the Gina Krog Field with Statoil (finance.yahoo.com)
- Statoil’s Arctic, UK drilling campaigns yield disappointing results (finance.yahoo.com)
- Ireland’s Corrib gas field output to resume Wednesday – Statoil (finance.yahoo.com)
- Statoil oil discovery in Verbier sidetrack on UK continental shelf (euro-petrole.com)
- Statoil, Shell, Total Team Up for Carbon Storage (industrialinfo.com)
Shares of Statoil ASA (STO) traded up 1.30% during midday trading on Tuesday, reaching $20.20. The company’s 50-day moving average price is $19.45 and its 200-day moving average price is $17.90. The stock’s market capitalization is $65.41 billion. Statoil ASA has a 12 month low of $15.58 and a 12 month high of $20.42.
Several equities analysts recently weighed in on STO shares. Scotiabank set a $17.00 target price on Statoil ASA and gave the stock a “hold” rating in a research report on Friday, August 25th. BidaskClub upgraded Statoil ASA from a “strong sell” rating to a “sell” rating in a research report on Wednesday, June 14th. Zacks Investment Research downgraded Statoil ASA from a “hold” rating to a “sell” rating in a research report on Thursday, July 27th. Deutsche Bank AG upgraded Statoil ASA from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. Finally, BNP Paribas upgraded Statoil ASA from an “underperform” rating to a “neutral” rating in a research report on Tuesday, September 26th. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.67.
Statoil ASA Company Profile
Statoil ASA (Statoil) is an energy company. The Company is engaged in oil and gas exploration and production activities. The Company’s segments include Development and Production Norway (DPN), Development and Production International (DPI), Marketing, Midstream and Processing (MMP) and Other. DPN segment manages the Company’s upstream activities on the Norwegian continental shelf (NCS) and explores for and extracts crude oil, natural gas and natural gas liquids.
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