Statoil ASA (NYSE:STO) was downgraded by analysts at Tudor Pickering from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

A number of other equities analysts have also weighed in on the stock. Deutsche Bank AG raised shares of Statoil ASA from a “sell” rating to a “hold” rating in a research note on Monday. Scotiabank reaffirmed a “hold” rating and issued a $17.00 target price on shares of Statoil ASA in a research note on Thursday, July 13th. BidaskClub lowered shares of Statoil ASA from a “sell” rating to a “strong sell” rating in a research note on Friday, June 23rd. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating on shares of Statoil ASA in a research note on Monday, May 15th. Finally, Zacks Investment Research raised shares of Statoil ASA from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Wednesday, May 10th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $18.00.

Shares of Statoil ASA (STO) opened at 19.20 on Tuesday. The company’s market capitalization is $62.17 billion. The stock’s 50 day moving average price is $18.45 and its 200 day moving average price is $17.48. Statoil ASA has a 1-year low of $14.98 and a 1-year high of $19.26.

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Several institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new position in shares of Statoil ASA during the 2nd quarter worth about $677,000. OLD Mission Capital LLC bought a new stake in shares of Statoil ASA in the 2nd quarter valued at about $1,143,000. Castleark Management LLC raised its holdings in shares of Statoil ASA by 112.4% in the 2nd quarter. Castleark Management LLC now owns 115,490 shares of the oil and gas company’s stock valued at $1,909,000 after purchasing an additional 61,110 shares during the period. Tower Research Capital LLC TRC raised its holdings in shares of Statoil ASA by 504.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 14,650 shares of the oil and gas company’s stock valued at $242,000 after purchasing an additional 12,227 shares during the period. Finally, State Street Corp raised its holdings in shares of Statoil ASA by 1.9% in the 2nd quarter. State Street Corp now owns 1,590,002 shares of the oil and gas company’s stock valued at $26,283,000 after purchasing an additional 28,916 shares during the period. Institutional investors own 5.02% of the company’s stock.

About Statoil ASA

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.

Analyst Recommendations for Statoil ASA (NYSE:STO)

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