Loading, Please wait ...

Please contact us if you would like to upgrade your account to include access to financial models

Please contact us if you would like to upgrade your account to include short term strategies for this stock.

STO.N

ISIN: US85771P1021
SEDOL: 2763129

Rating:

HOLD

Target Price:

17.77 USD

Investment Horizon:

6 to 12 months
11th May 2009 View Report   Download

1Q 09 News Alert

Although StatoilHydro A.S.A.'s (StatoilHydro) 1Q 09 top-line fell short of our estimate due to lower-thanexpected revenues from its Manufacturing and Marketing (M&M;) segment, lower-than-expected operating and exploration expenses resulted in a better-than-expected operating margin. Furthermore, Management has reaffirmed its FY 2009 capital expenditure and hydrocarbon production guidance. Our target price does not support a BUY rating at current…

2nd Apr 2009 View Report   Download

4Q 08 & FY 2008 Update Report

The deteriorating global economy continues to impact global hydrocarbon demand and prices, constraining the performance of major oil and gas companies. As we do not expect an improvement in the global economy over the medium term, we believe low hydrocarbon prices will continue to impact the company’s financial performance, with revenues and margins expected to decline during FY 2009. However, we believe an anticipated improvement…

17th Feb 2009 View Report   Download

4Q 08 News Alert

CLICK VIEW REPORT TO READ FREE REPORT

Although StatoilHydro A.S.A. (StatoilHydro) registered a y-o-y increase in its top-line and an improvement in its operating performance in 4Q 08, results fell below our expectations due to lower-than-expected revenues realized in its Manufacturing & Marketing (M&M;) segment and higher-than-expected cost of goods sold incurred during the quarter. Although our target price does not support a HOLD rating, given lower-than-expected…

14th Jan 2009 View Report   Download

Company News Alert

CLICK VIEW REPORT TO READ FREE REPORT

StatoilHydro A.S.A.’s (StatoilHydro) released its strategic update today, and despite lowering its capital expenditure and exploration guidance to account for low hydrocarbon prices, Management is commited to achieve its earlier long-term production growth estimates. As we believe the company is undervalued at current price levels, we maintain our BUY rating for StatoilHydro’s…

18th Dec 2008 View Report   Download

3Q 08 Update Report

CLICK VIEW REPORT TO READ FREE REPORT

StatoilHydro A.S.A. (StatoilHydro) registered strong growth in its 3Q 08 top-line, in-line with our expectation, given rising hydrocarbon prices. Adjusted2 operating margin declined on a y-o-y basis primarily due to rising cost of goods sold given an increase in input costs within its Manufacturing & Marketing (M&M;) segment. Going forward, we believe that lower hydrocarbon prices will negatively impact…