Statoil ASA(ADR) (NYSE:STO) was downgraded by stock analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a report issued on Thursday, TheFlyOnTheWall.com reports. The analysts noted that the move was a valuation call. Statoil ASA (ADR) (NYSE:STO) net profit margin is 9.70% and weekly performance is 2.85%. On last trading day company shares ended up $31.80. Analysts mean target price for the company is $30.39. Statoil ASA (ADR) (NYSE:STO) distance from 50-day simple moving average (SMA50) is 8.91%.
On May 20, 2014, Murphy Oil Corporation (NYSE:MUR) entered into an agreement with Wells Fargo Bank, National Association, to effect a variable term, capped accelerated share repurchase transaction (the “ASR”) to repurchase an aggregate $125 million of the Company’s common stock. The Company will repurchase shares under the ASR pursuant to the board authorized program to repurchase up to $125 million of the Company’s stock as previously announced on May 14, 2014. Murphy Oil Corporation (NYSE:MUR) shares advanced 1.78% in last trading session and ended the day on $65.28. Its return on assets is 7.20%. Murphy Oil Corporation (NYSE:MUR) quarterly performance is 8.89%.
Stock analysts at Bank of America initiated coverage on shares of Devon Energy Corp (NYSE:DVN) in a report issued on Wednesday. The firm set a “buy” rating and a $100.00 price target on the stock. Bank of America’s price target suggests a potential upside of 29.87% from the company’s current price. Devon Energy Corp (NYSE:DVN) shares moved up 1.35% in last trading session and was closed at $78.04, while trading in range of $76.75 – $78.10. Devon Energy Corp (NYSE:DVN) year to date (YTD) performance is 26.98%.
Anadarko Petroleum Corporation (NYSE:APC) will host a conference call on Wednesday, July 30, 2014, at 8 a.m. CDT (9 a.m. EDT) to discuss its second-quarter 2014 financial and operating results. Earnings will be released after close of market on Tuesday, July 29. The full text of the release will be available on the company’s website at www.anadarko.com. Anadarko Petroleum Corporation (NYSE:APC) ended the last trading day at $109.37. Company weekly volatility is calculated as 2.71% and price to cash ratio as 9.32. Anadarko Petroleum Corporation (NYSE:APC) showed a positive weekly performance of 7.16%.
Western Refining Inc (NYSE:WNR) has received an average recommendation of “Hold” from the fifteen analysts that are covering the stock, American Banking and Market News reports. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $41.70. Western Refining, Inc. (NYSE:WNR) net profit margin is 3.10% and weekly performance is 0.57%. On last trading day company shares ended up $40.27. Analysts mean target price for the company is $2.44. Western Refining, Inc. (NYSE:WNR) distance from 50-day simple moving average (SMA50) is -0.14%.