Somewhat Positive News Coverage Somewhat Unlikely to Impact Statoil ASA (NYSE:STO) Stock Price – The Ledger Gazette

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News stories about Statoil ASA (NYSE:STO) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Statoil ASA earned a news sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 44.1820087788317 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news articles that may have impacted Accern’s rankings:

Several equities analysts have issued reports on the company. Tudor Pickering cut Statoil ASA from a “buy” rating to a “hold” rating in a research report on Tuesday, September 5th. Deutsche Bank AG upgraded Statoil ASA from a “sell” rating to a “hold” rating in a research report on Monday, September 4th. 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 “hold” rating to a “buy” rating in a report on Saturday, August 26th. Finally, Piper Jaffray Companies set a $16.00 price target on Statoil ASA and gave the stock a “hold” rating in a report on Friday, August 25th. Four equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $18.00.

Shares of Statoil ASA (NYSE:STO) traded up 0.26% on Friday, hitting $19.53. The company had a trading volume of 1,145,370 shares. The company has a 50 day moving average of $18.76 and a 200-day moving average of $17.57. The company’s market cap is $63.24 billion. Statoil ASA has a 12-month low of $15.04 and a 12-month high of $19.61.

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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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