Jarden Sticks to Their Buy Rating for Santos Limited (STOSF)

Jarden analyst Nic Burns maintained a Buy rating on Santos Limited (STOSFResearch Report) on January 20 and set a price target of A$7.95. The company’s shares closed last Friday at $5.10.

According to TipRanks, Burns is a 3-star analyst with an average return of 6.7% and a 60.87% success rate. Burns covers the Utilities sector, focusing on stocks such as Santos Limited, Beach Energy Limited, and Cooper Energy Limited.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Santos Limited with a $6.39 average price target, which is a 25.29% upside from current levels. In a report released today, UBS also maintained a Buy rating on the stock with a A$8.30 price target.

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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

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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.

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