Statoil ASA (NYSE:STO) a Buy or a Sell? What does Credit Agricole Think?


How Credit Agricole Currently Rates Statoil ASA (NYSE:STO)

Credit Agricole issued “Outperform” rating on Statoil ASA (NYSE:STO). The firm launched coverage on shares of STO in an analyst research report sent to investors and clients on Tuesday, 15 December.

From a total of 5 analysts covering Statoil Asa (NYSE:STO) stock, 4 rate it a ”Buy”, 1 a “Sell”, and 1 a ”Hold”. This means that 67% of the ratings are positive. Statoil Asa was the topic of 2 analyst reports since September 11, 2015 according to the firm StockzIntelligence Inc. Howard Weil downgraded shares on October 12 to “Sector Outperform” rating.

Approximately 1.32 million shares of stock traded hands. Statoil ASA(ADR) (NYSE:STO) has declined 33.46% since May 12, 2015 and is downtrending. It has underperformed by 29.78% the S&P500.

Statoil ASA is an energy company. The Company is engaged in gas and oil exploration and production activities. The company has a market cap of $43.99 billion. The Company’s divisions include Development and Production Norway , Development and Production North America (DPNA), Development and Production International (DPI), Marketing, Processing and Renewable Energy (MPR) and Other. It currently has negative earnings. The DPN segment consists of its exploration, field development and operational activities on the Norwegian continental shelf (NCS).

According to Zacks Investment Research, “Statoil is an integrated oil and gas company. One of the world’s biggest sellers of crude oil, Statoil is also a major supplier of natural gas in the European market and has substantial industrial operations. The group has service stations in the Scandinavian countries, Ireland, Poland, the Baltic states and Russia. Statoil is one of the world’s most environmentally-efficient producers and transporters of oil and gas.”