Goldman Sachs Downgrades Statoil ASA (STO) to Sell

March 9, 2012 7:49 AM EST
Get Alerts STO Hot Sheet
Price: $27.14 --0%

Rating Summary:
    6 Buy, 12 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 13 | Down: 14 | New: 11
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Goldman Sachs downgraded Statoil ASA (NYSE: STO) to Sell citing strong performance, relatively expensive valuation and earnings risk from the gas contract renegotiations.

For an analyst ratings summary and ratings history on Statoil ASA click here. For more ratings news on Statoil ASA click here.

Shares of Statoil ASA closed at $28.68 yesterday.


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