Santos’s Market Perform Rating Reaffirmed at RBC Capital (STO)
Santos (ASX:STO)‘s stock had its “market perform” rating reaffirmed by equities researchers at RBC Capital in a research report issued on Tuesday. They currently have a $16.00 target price on the stock.
Santos (ASX:STO) traded down 0.62% on Tuesday, hitting A$14.390. 2,675,805 shares of the company’s stock traded hands. Santos has a one year low of A$13.110 and a one year high of A$15.800. The stock has a 50-day moving average of A$14.31 and a 200-day moving average of A$13.95. The company has a market cap of A$13.988 billion and a price-to-earnings ratio of 27.27.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Santos in a research note on Friday, May 16th. They now have a $15.65 price target on the stock. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. Santos has an average rating of “Hold” and a consensus price target 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.
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