Swedbank believes Statoil share is “sensationally animals.” Also Danske Bank Markets and Norne recommend sales.
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Swedbank analyst Teodor Sveen Nilsen came Wednesday with an update in which he argues that Statoil share is very expensive and that customers at least not have to find to buy the stock around the reporting date next Thursday.
HovedindeksenMen it is certainly broker house interest Statoil share not begin to fall on properly until after the end of April. Swedbank share analyst Peter Hermanrud took Statoil share in brokerage house recommended portfolio at the beginning of April. So far in the month the stock has contributed to the portfolio with a return of seven percent. Everything therefore suggest that Statoil share bust out of Swedbank purchase portfolio at the beginning of May.
Swedbank believes Statoil share now trades with a 12-month future P / E of 21, which is 21 per cent than others comparable upstream companies. The historical average for Statoil share is a 15 percent discount to comparable stocks.
“The implied price of oil in the long term is between 85 and 90 dollars per barrel. It looks as if the stock to a certain extent independent of the fundamentals, “writes Swedbank according to an analysis that TDN Finans brought Wednesday.
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