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Statoil Receives A Downgrade From Morgan Stanley On Weak Outlook
Friday, September 9, 2016 - 9:35am | 267Read More...Shares of Statoil ASA (ADR) (NYSE: STO) have gained 6 percent since September 1. The company benefited from capex cuts and cost efficiencies as well as several key field startups. Statoil’s FCF outlook now appears weak versus peers, and does not justify the stock’s premium valuation,...
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Statoil Downgraded By Morgan Stanley; Prefers Shell And BP
Friday, July 22, 2016 - 8:24am | 429Read More...Morgan Stanley has downgraded Statoil ASA(ADR) (NYSE: STO) to Equal Weight from Overweight on valuation, and prefers Royal Dutch Shell plc (ADR) (NYSE: RDS-A) and BP plc (ADR) (NYSE: BP) within the space. Recent Performance "Strong outperformance YTD has left Statoil shares trading at a ~5 percent...
