OSLO: Statoil ASA has lost 4.77% during the past week and dropped 3.46% in the last 4 weeks. The shares are however, negative as compared to the S&P 500 for the past week with a loss of 3.64%. Statoil ASA (NYSE:STO) has underperformed the index by 2.72% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
The company shares have dropped -42.45% from its 1 Year high price. On Jul 22, 2014, the shares registered one year high at $30.77 and the one year low was seen on Dec 15, 2014. The 50-Day Moving Average price is $18.73 and the 200 Day Moving Average price is recorded at $18.48.
Institutional Investors own 5.2% of Company shares. During last 3 month period, -2.39% of total institutional ownership has changed in the company shares.
Statoil ASA (NYSE:STO) : On Thursday heightened volatility was witnessed in Statoil ASA (NYSE:STO) which led to swings in the share price. The shares opened for trading at $17.5 and hit $17.72 on the upside , eventually ending the session at $17.56, with a gain of 1.8% or 0.31 points. The heightened volatility saw the trading volume jump to 1,563,436 shares. The 52-week high of the share price is $30.86 and the company has a market cap of $55,993 million. The 52-week low of the share price is at $15.76 .
Statoil ASA (Statoil) is a Norway-based integrated energy company primarily engaged in oil and gas exploration and production activities. The Company is an operator on the Norwegian continental shelf, and a license holder in numerous oil and gas fields. The Companys onshore facilities in Norway are active within such areas as gas treatment, crude oil reception, refinement and methanol production. The Company refines oil and gas at a number of plants both in and outside Norway. The Company is also technical operator for reception facilities, pipelines and infrastructure for gas. Statoil has business operations in 35 countries around the world. The Companys production facilities in Norway, which include Tjeldbergodden Industrial complex, Karsto processing plant, the Mongstad facility, Kollsnes gas processing plant and Sture terminal. In August, 2013, the Companys Statoil Petroleum AS purchased Seismic Data Package from Norwegian Petroleum Directorate.