Santos Limited (STOSF) was downgraded to a Sell Rating at Morgans
In a report released today, Adrian Prendergast from Morgans downgraded Santos Limited (STOSF – Research Report) to a Sell, with a price target of A$6.90. The company's shares closed today at $4.96.
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Prendergast covers the Energy sector, focusing on stocks such as Beach Energy , Karoon Energy Ltd, and Santos Limited. According to TipRanks, Prendergast has an average return of 12.1% and a 53.71% success rate on recommended stocks.
Currently, the analyst consensus on Santos Limited is a Strong Buy with an average price target of $4.80.
Based on Santos Limited's latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.69 billion and a net profit of $588 million. In comparison, last year the company earned a revenue of $2.92 billion and had a net profit of $626 million
Based on the recent corporate insider activity of 14 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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