Morgan Stanley Analysts Begin Coverage on Statoil (STO)

By admin | 6 years ago

Morgan Stanley (NYSE: MS) started coverage on shares of Statoil (NYSE: STO) in a research note issued on Tuesday. The firm set an “underweight” rating on the stock.

STO has been the subject of a number of other recent research reports. Analysts at UBS AG (NYSE: UBS) upgraded shares of Statoil from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday. They now have a $28.98 price target on the stock. Separately, analysts at BNP Paribas (EPA: BNP) upgraded shares of Statoil from an “underperform” rating to an “outperform” rating in a research note to investors on Tuesday, April 24th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Statoil in a research note to investors on Friday, March 23rd. They now have a $28.00 price target on the stock.

Statoil opened at 25.11 on Tuesday. Statoil has a 1-year low of $20.12 and a 1-year high of $29.39. The company has a market cap of $79.912 billion and a price-to-earnings ratio of 6.02.

Statoil ASA (Statoil), formerly StatoilHydro ASA is an integrated energy company based in Norway with locations in approximately 40 other countries worldwide.

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