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UBS Reaffirms Their Buy Rating on Santos Limited (STOSF)

In a report released today, Tom Allen from UBS maintained a Buy rating on Santos Limited (STOSFResearch Report), with a price target of A$8.45. The company’s shares closed yesterday at $5.10.

According to TipRanks, Allen is a 4-star analyst with an average return of 9.9% and a 59.77% success rate. Allen covers the Utilities sector, focusing on stocks such as Santos Limited, AGL Energy Limited, and Origin Energy Limited.

Santos Limited has an analyst consensus of Strong Buy, with a price target consensus of $6.33, representing a 24.12% upside. In a report released on January 17, Macquarie also maintained a Buy rating on the stock with a A$10.30 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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