Santos Limited (STOSF) Receives a Buy from Credit Suisse

In a report released today, Saul Kavonic from Credit Suisse maintained a Buy rating on Santos Limited (STOSFResearch Report), with a price target of A$8.34. The company’s shares closed last Friday at $5.10.

Kavonic covers the Basic Materials sector, focusing on stocks such as Rio Tinto Limited, Pilbara Minerals Limited, and BHP Group Ltd. According to TipRanks, Kavonic has an average return of 6.7% and a 58.14% success rate on recommended stocks.

Currently, the analyst consensus on Santos Limited is a Strong Buy with an average price target of $6.35, a 24.51% 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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STOSF market cap is currently $16.92B and has a P/E ratio of 10.54.

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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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