In a report released on October 10, Gordon Ramsay CFA from RBC Capital maintained a Buy rating on Santos Limited (STOSF – Research Report), with a price target of A$7.75. The company’s shares closed last Wednesday at $4.76.
Ramsay CFA covers the Energy sector, focusing on stocks such as Beach Energy Limited, Cooper Energy Limited, and Karoon Energy Ltd. According to TipRanks, Ramsay CFA has an average return of -3.5% and a 41.48% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Santos Limited with a $5.51 average price target.
Based on Santos Limited’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $0. In comparison, last year the company had a net profit of $0
Based on the recent corporate insider activity of 9 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of STOSF in relation to earlier this year.
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Santos Limited (STOSF) Company Description:
Santos Ltd. engages in the exploration, development, transportation, and marketing of natural gas. It operates through the following segments: Cooper Basin; Queensland and NSW; Papua New Guinea; Northern Australia; Western Australia; Asia; and Corporate, Exploration, Eliminations, and Other. The Cooper Basin segment produces natural gas, gas liquids, and crude oil. The Queensland and NSW segment manufactures liquefied natural gas for export to global markets from the LNG plant at Gladstone. The Papua New Guinea segment centered on PNG LNG project. The Northern Australia segment focuses on Bayu-Undan/Darwin LNG project. The Western Australia segment supply domestic natural gas. The Asia segment consists of no core assets. The Corporate, Exploration, Eliminations, and Other segment comprise of Santos’ Asian assets. The company was founded on March 18, 1954 and is headquartered in Adelaide, Australia.
