RBC Capital Reiterates “Market Perform” Rating for Santos Limited (STO)
Santos Limited (ASX:STO)‘s stock had its “market perform” rating reiterated by equities research analysts at RBC Capital in a research note issued to investors on Sunday. They currently have a $16.00 price objective on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Santos Limited in a research note on Friday, May 16th. They now have a $15.65 price target on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of A$15.83 ($14.93).
Shares of Santos Limited (ASX:STO) traded up 0.49% on Friday, hitting A$14.450. The stock had a trading volume of 2,222,523 shares. Santos Limited has a 52 week low of A$12.020 and a 52 week high of A$15.800. The stock has a 50-day moving average of A$13.65 and a 200-day moving average of A$14.04. The company has a market cap of A$14.047 billion and a price-to-earnings ratio of 27.08.
Santos Limited is an oil and gas producer, supplying Australian and Asian customers. The Company is primarily engaged in the exploration for, and development, production, transportation and marketing of, hydrocarbons.
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