Analysts at Ord Minnett have retained their buy rating and lifted the price target on this energy producer’s shares to $7.30. According to the note, the broker was pleased with Santos’ performance during the December quarter, with production coming in ahead of its expectations and sales beating guidance. Ord Minnett appears optimistic on its prospects in FY 2019 and sees value in its shares at this level. If you think that oil prices will remain at current levels or go higher then I think Santos could be a great option in the energy sector, but if you think they’ll soften then I would stay clear of its shares.
Analysts at Ord Minnett have retained their buy rating and...
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Last
$6.72 |
Change
0.030(0.45%) |
Mkt cap ! $23.02B | |||
| Open | High | Low | Value | Volume |
| $6.74 | $6.77 | $6.72 | $43.42M | 6.449M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 104139 | $6.72 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $6.73 | 10465 | 2 |
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| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| STO (ASX) Chart |
