Santos’s Sector Perform Rating Reaffirmed at RBC Capital (STO)
Santos (ASX:STO)‘s stock had its “sector perform” rating reiterated by analysts at RBC Capital in a research report issued to clients and investors on Wednesday. They currently have a $16.00 price objective on the stock.
STO has been the subject of a number of other recent research reports. 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 assigned a buy rating to the company. Santos has an average rating of “Hold” and a consensus price target of A$15.83 ($14.93).
Shares of Santos (ASX:STO) traded down 1.99% during mid-day trading on Wednesday, hitting A$14.270. The stock had a trading volume of 2,561,777 shares. Santos has a 1-year low of A$13.110 and a 1-year high of A$15.800. The stock has a 50-day moving average of A$14.30 and a 200-day moving average of A$13.95. The company has a market cap of A$13.872 billion and a price-to-earnings ratio of 27.42.
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.