Macquarie Reaffirms Their Buy Rating on Santos Limited (STOSF)
Macquarie analyst Mark Wiseman maintained a Buy rating on Santos Limited (STOSF – Research Report) today and set a price target of A$8.50. The company's shares closed last Monday at $3.70.
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Wiseman covers the Energy sector, focusing on stocks such as Ampol Limited, Santos Limited, and Amplitude Energy. According to TipRanks, Wiseman has an average return of -6.8% and a 33.73% success rate on recommended stocks.
In addition to Macquarie, Santos Limited also received a Buy from UBS's Tom Allen in a report issued on April 18. However, on April 8, Bernstein maintained a Hold rating on Santos Limited (Other OTC: STOSF).
Based on Santos Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.71 billion and a net profit of $636 million. In comparison, last year the company earned a revenue of $2.97 billion and had a net profit of $790 million
Based on the recent corporate insider activity of 15 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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