Santos Limited Given Market Perform Rating at RBC Capital (STO)
Santos Limited (ASX:STO)‘s stock had its “market perform” rating reiterated by investment analysts at RBC Capital in a note issued to investors on Monday. They currently have a $16.00 target price on the stock.
Santos Limited (ASX:STO) traded up 0.28% during mid-day trading on Monday, hitting A$14.100. The stock had a trading volume of 955,090 shares. Santos Limited has a 52 week low of A$12.020 and a 52 week high of A$15.800. The stock’s 50-day moving average is A$13.65 and its 200-day moving average is A$14.04. The company has a market cap of A$13.706 billion and a price-to-earnings ratio of 26.48.
Several other analysts have also recently commented on 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 equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of A$15.83 ($14.93).
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.